salaryRent is higher than in 77% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 4.7 years of household income. Commutes are long, about 36.5 minutes each way. Most homes (89.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $88,680 a year. That is $43 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 122 of 192 cities from cheapest to most expensive.
How much do households earn in Lake Tapps?
Share of households by yearly income. 59.7% of households earn $100,000 or more.
Rent by apartment size in Lake Tapps
| Size | Lake Tapps | U.S. average |
|---|---|---|
| 1 bedroom | $1,809 | $1,324 |
| 2 bedrooms | $1,828 | $1,509 |
| 3 bedrooms | $2,697 | $1,698 |
| 4 bedrooms | $3,060 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Tapps 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 Tapps, so the Washington figure is shown.
Taxes and bills in Lake Tapps
Life in Lake Tapps
Is it cheaper to rent or buy in Lake Tapps?
Renting is cheaper right now: about $2,934 a month less.
Owning assumes a typical $742,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $74,240 for the down payment.
Frequently asked questions
What is the average rent in Lake Tapps, WA?
Renting in Lake Tapps costs a median of about $2,217 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Lake Tapps?
To keep rent under 30% of income, you need about $88,680 a year, or $43 an hour at a full-time job.
Is Lake Tapps cheap or expensive?
Lake Tapps is rated Cheap: rent takes 16.7% of the typical household income of $159,623. It ranks 122nd cheapest of 192 Washington cities we track.
How much are property taxes in Lake Tapps?
The median homeowner in Lake Tapps pays $7,510 a year in property taxes, about 1.01% of the median home value.
Is Lake Tapps 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 Tapps?
The median home value in Lake Tapps is $742,400, about 4.7 times the typical yearly household income.
12,798 people live in Lake Tapps. Numbers are typical (middle) values.