States › Washington › Lynnwood

Is Lynnwood, WA expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,9199% higher than U.S. average
💵 Families earn per year (2026)$83,804about $6,984/month · 4% lower than U.S. average
🔑 House price$686,900106% higher than U.S. average

Rent is higher than in 64% of U.S. cities. A typical house costs about 8.2 years of household income, so buying is hard for most locals.

How much money do I need?

To rent here comfortably, you should earn about $76,760 a year. That is $37 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 74 of 192 cities from cheapest to most expensive.

Lynnwood
$1,919
Lake Stevens
$2,684
Issaquah
$3,258
Parkland
$1,729
Longview
$1,621
Edmonds
$2,042
Puyallup
$2,103

How much do households earn in Lynnwood?

Under $25k
14.9%
$25k–50k
16.7%
$50k–100k
33.1%
$100k–150k
14.6%
$150k+
15.1%

Share of households by yearly income. 29.7% of households earn $100,000 or more.

Rent by apartment size in Lynnwood

SizeLynnwoodU.S. average
Studio$1,480$1,338
1 bedroom$1,596$1,324
2 bedrooms$1,955$1,509
3 bedrooms$2,520$1,698
4 bedrooms$2,774$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lynnwood overall?

Everyday prices in Washington overall are 7% above the U.S. average (index 107.0, U.S. = 100).

Housing
126
Goods (food, clothes…)
104
Utilities
93
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lynnwood, so the Washington figure is shown.

Taxes and bills in Lynnwood

🏛️ Property tax$5,167a year · 0.75% of home value · U.S. $3,119
⚡ Electric bill$101a month (typical) · U.S. $156

Life in Lynnwood

Commute to work29.9 minU.S.: 26.4 min
College degree34.9%U.S.: 35.7%
Own their home51.1%U.S.: 65.2%
Below poverty line14.2%U.S.: 12.5%
Unemployment4.3%U.S.: 5.2%

Is it cheaper to rent or buy in Lynnwood?

Renting is cheaper right now: about $2,847 a month less.

Renting
$1,919
Owning
$4,766

Owning assumes a typical $686,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $68,690 for the down payment.

Frequently asked questions

What is the average rent in Lynnwood, WA?

Renting in Lynnwood costs a median of about $1,919 a month in 2026, including utilities. The Washington median is $2,025.

How much do I need to make to live in Lynnwood?

To keep rent under 30% of income, you need about $76,760 a year, or $37 an hour at a full-time job.

Is Lynnwood cheap or expensive?

Lynnwood is rated OK: rent takes 27.5% of the typical household income of $83,804. It ranks 74th cheapest of 192 Washington cities we track.

How much are property taxes in Lynnwood?

The median homeowner in Lynnwood pays $5,167 a year in property taxes, about 0.75% of the median home value.

Is Lynnwood 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 Lynnwood?

The median home value in Lynnwood is $686,900, about 8.2 times the typical yearly household income.

40,110 people live in Lynnwood. Numbers are typical (middle) values.