salaryRent is higher than in 87% of U.S. cities. A typical house costs about 5.6 years of household income. Commutes are long, about 33.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $102,440 a year. That is $49 an hour at a full-time job.
Is rent cheaper than other Washington cities?
No. Rent here is more expensive than in most of Washington. It is number 158 of 192 cities from cheapest to most expensive.
How much do households earn in Fairwood?
Share of households by yearly income. 48.9% of households earn $100,000 or more.
Rent by apartment size in Fairwood
| Size | Fairwood | U.S. average |
|---|---|---|
| Studio | $2,651 | $1,338 |
| 1 bedroom | $1,921 | $1,324 |
| 2 bedrooms | $2,384 | $1,509 |
| 3 bedrooms | $3,009 | $1,698 |
| 4 bedrooms | $3,466 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fairwood overall?
Everyday prices in Washington overall are 7% above the U.S. average (index 107.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fairwood, so the Washington figure is shown.
Taxes and bills in Fairwood
Life in Fairwood
Is it cheaper to rent or buy in Fairwood?
Renting is cheaper right now: about $2,526 a month less.
Owning assumes a typical $733,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $73,320 for the down payment.
Frequently asked questions
What is the average rent in Fairwood, WA?
Renting in Fairwood costs a median of about $2,561 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Fairwood?
To keep rent under 30% of income, you need about $102,440 a year, or $49 an hour at a full-time job.
Is Fairwood cheap or expensive?
Fairwood is rated OK: rent takes 23.3% of the typical household income of $131,722. It ranks 158th cheapest of 192 Washington cities we track.
How much are property taxes in Fairwood?
The median homeowner in Fairwood pays $6,771 a year in property taxes, about 0.92% of the median home value.
Is Fairwood more expensive than the national average?
Overall prices in Washington are 7% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Fairwood?
The median home value in Fairwood is $733,200, about 5.6 times the typical yearly household income.
17,856 people live in Fairwood. Numbers are typical (middle) values.