salaryRent is higher than in 70% of U.S. cities. A typical house costs about 4.9 years of household income. Most homes (75.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $80,560 a year. That is $39 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 95 of 192 cities from cheapest to most expensive.
How much do households earn in Lakeland South?
Share of households by yearly income. 44.0% of households earn $100,000 or more.
Rent by apartment size in Lakeland South
| Size | Lakeland South | U.S. average |
|---|---|---|
| 1 bedroom | $2,725 | $1,324 |
| 2 bedrooms | $1,998 | $1,509 |
| 3 bedrooms | $2,163 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lakeland South 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 Lakeland South, so the Washington figure is shown.
Taxes and bills in Lakeland South
Life in Lakeland South
Is it cheaper to rent or buy in Lakeland South?
Renting is cheaper right now: about $2,075 a month less.
Owning assumes a typical $589,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $58,930 for the down payment.
Frequently asked questions
What is the average rent in Lakeland South, WA?
Renting in Lakeland South costs a median of about $2,014 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Lakeland South?
To keep rent under 30% of income, you need about $80,560 a year, or $39 an hour at a full-time job.
Is Lakeland South cheap or expensive?
Lakeland South is rated OK: rent takes 20.2% of the typical household income of $119,428. It ranks 95th cheapest of 192 Washington cities we track.
How much are property taxes in Lakeland South?
The median homeowner in Lakeland South pays $5,710 a year in property taxes, about 0.97% of the median home value.
Is Lakeland South 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 Lakeland South?
The median home value in Lakeland South is $589,300, about 4.9 times the typical yearly household income.
13,100 people live in Lakeland South. Numbers are typical (middle) values.