salaryRent here is among the highest 10% in the country. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 5.5 years of household income. Most homes (80.6%) are owned, so rentals can be hard to find. It is a highly educated city: 66% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $120,160 a year. That is $58 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 182 of 192 cities from cheapest to most expensive.
How much do households earn in Lake Forest Park?
Share of households by yearly income. 65.0% of households earn $100,000 or more.
Rent by apartment size in Lake Forest Park
| Size | Lake Forest Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,956 | $1,324 |
| 2 bedrooms | $2,493 | $1,509 |
| 3 bedrooms | $3,024 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Forest Park 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 Lake Forest Park, so the Washington figure is shown.
Taxes and bills in Lake Forest Park
Life in Lake Forest Park
Is it cheaper to rent or buy in Lake Forest Park?
Renting is cheaper right now: about $3,610 a month less.
Owning assumes a typical $953,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $95,320 for the down payment.
Frequently asked questions
What is the average rent in Lake Forest Park, WA?
Renting in Lake Forest Park costs a median of about $3,004 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Lake Forest Park?
To keep rent under 30% of income, you need about $120,160 a year, or $58 an hour at a full-time job.
Is Lake Forest Park cheap or expensive?
Lake Forest Park is rated OK: rent takes 20.9% of the typical household income of $172,456. It ranks 182nd cheapest of 192 Washington cities we track.
How much are property taxes in Lake Forest Park?
The median homeowner in Lake Forest Park pays $8,290 a year in property taxes, about 0.87% of the median home value.
Is Lake Forest Park 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 Lake Forest Park?
The median home value in Lake Forest Park is $953,200, about 5.5 times the typical yearly household income.
13,335 people live in Lake Forest Park. Numbers are typical (middle) values.