States › Washington › Steilacoom

Is Steilacoom, WA expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,07718% higher than U.S. average
💵 Families earn per year (2026)$108,768about $9,064/month · 25% higher than U.S. average
🔑 House price$655,00097% higher than U.S. average

Rent is higher than in 72% of U.S. cities. A typical house costs about 6.0 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 $83,080 a year. That is $40 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 105 of 192 cities from cheapest to most expensive.

Steilacoom
$2,077
Wollochet
$2,030
Normandy Park
$2,007
Union Gap
$1,141
Hobart
$2,890
Brier
$2,458
Parkwood
$1,954

How much do households earn in Steilacoom?

Under $25k
4.7%
$25k–50k
17.3%
$50k–100k
31.1%
$100k–150k
23.6%
$150k+
17.5%

Share of households by yearly income. 41.1% of households earn $100,000 or more.

Rent by apartment size in Steilacoom

SizeSteilacoomU.S. average
Studio$1,627$1,338
1 bedroom$1,549$1,324
2 bedrooms$1,867$1,509
3 bedrooms$2,702$1,698
4 bedrooms$1,900$2,098

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

How expensive is Steilacoom 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 Steilacoom, so the Washington figure is shown.

Taxes and bills in Steilacoom

🏛️ Property tax$4,616a year · 0.70% of home value · U.S. $3,119
⚡ Electric bill$162a month (typical) · U.S. $156

Life in Steilacoom

Commute to work27.6 minU.S.: 26.4 min
College degree47.8%U.S.: 35.7%
Own their home62.9%U.S.: 65.2%
Below poverty line11.1%U.S.: 12.5%
Unemployment6%U.S.: 5.2%

Is it cheaper to rent or buy in Steilacoom?

Renting is cheaper right now: about $2,468 a month less.

Renting
$2,077
Owning
$4,545

Owning assumes a typical $655,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,500 for the down payment.

Frequently asked questions

What is the average rent in Steilacoom, WA?

Renting in Steilacoom costs a median of about $2,077 a month in 2026, including utilities. The Washington median is $2,025.

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

To keep rent under 30% of income, you need about $83,080 a year, or $40 an hour at a full-time job.

Is Steilacoom cheap or expensive?

Steilacoom is rated OK: rent takes 22.9% of the typical household income of $108,768. It ranks 105th cheapest of 192 Washington cities we track.

How much are property taxes in Steilacoom?

The median homeowner in Steilacoom pays $4,616 a year in property taxes, about 0.70% of the median home value.

Is Steilacoom 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 Steilacoom?

The median home value in Steilacoom is $655,000, about 6.0 times the typical yearly household income.

6,686 people live in Steilacoom. Numbers are typical (middle) values.