salaryRent is lower than in 64% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 6.3 years of household income, so buying is hard for most locals. Commutes are long, about 38.3 minutes each way. Most homes (94.1%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $55,800 a year. That is $27 an hour at a full-time job.
Is rent cheaper than other Washington cities?
Yes. Rent here is cheaper than in most of Washington. It is number 22 of 192 cities from cheapest to most expensive.
How much do households earn in Lake Goodwin?
Share of households by yearly income. 46.5% of households earn $100,000 or more.
Rent by apartment size in Lake Goodwin
| Size | Lake Goodwin | U.S. average |
|---|---|---|
| 1 bedroom | $1,179 | $1,324 |
| 2 bedrooms | $1,837 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Goodwin 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 Goodwin, so the Washington figure is shown.
Taxes and bills in Lake Goodwin
Life in Lake Goodwin
Is it cheaper to rent or buy in Lake Goodwin?
Renting is cheaper right now: about $3,590 a month less.
Owning assumes a typical $718,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $71,840 for the down payment.
Frequently asked questions
What is the average rent in Lake Goodwin, WA?
Renting in Lake Goodwin costs a median of about $1,395 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Lake Goodwin?
To keep rent under 30% of income, you need about $55,800 a year, or $27 an hour at a full-time job.
Is Lake Goodwin cheap or expensive?
Lake Goodwin is rated Cheap: rent takes 14.7% of the typical household income of $113,714. It ranks 22nd cheapest of 192 Washington cities we track.
How much are property taxes in Lake Goodwin?
The median homeowner in Lake Goodwin pays $5,879 a year in property taxes, about 0.82% of the median home value.
Is Lake Goodwin 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 Goodwin?
The median home value in Lake Goodwin is $718,400, about 6.3 times the typical yearly household income.
5,536 people live in Lake Goodwin. Numbers are typical (middle) values.