salaryRent is higher than in 71% of U.S. cities. A typical house costs about 4.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $81,200 a year. That is $39 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 99 of 192 cities from cheapest to most expensive.
How much do households earn in Liberty Lake?
Share of households by yearly income. 47.8% of households earn $100,000 or more.
Rent by apartment size in Liberty Lake
| Size | Liberty Lake | U.S. average |
|---|---|---|
| Studio | $1,794 | $1,338 |
| 1 bedroom | $1,712 | $1,324 |
| 2 bedrooms | $1,852 | $1,509 |
| 3 bedrooms | $2,261 | $1,698 |
| 4 bedrooms | $2,891 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Liberty Lake 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 Liberty Lake, so the Washington figure is shown.
Taxes and bills in Liberty Lake
Life in Liberty Lake
Is it cheaper to rent or buy in Liberty Lake?
Renting is cheaper right now: about $1,977 a month less.
Owning assumes a typical $577,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,750 for the down payment.
Frequently asked questions
What is the average rent in Liberty Lake, WA?
Renting in Liberty Lake costs a median of about $2,030 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Liberty Lake?
To keep rent under 30% of income, you need about $81,200 a year, or $39 an hour at a full-time job.
Is Liberty Lake cheap or expensive?
Liberty Lake is rated Cheap: rent takes 19.0% of the typical household income of $128,043. It ranks 99th cheapest of 192 Washington cities we track.
How much are property taxes in Liberty Lake?
The median homeowner in Liberty Lake pays $4,690 a year in property taxes, about 0.81% of the median home value.
Is Liberty Lake 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 Liberty Lake?
The median home value in Liberty Lake is $577,500, about 4.5 times the typical yearly household income.
12,737 people live in Liberty Lake. Numbers are typical (middle) values.