Cost of Living in Tacoma, WA
Population: 220,482 • 2026 Data
$83,857
Median Household Income
+8% vs national
$1,597
Median Monthly Rent
+18% vs national
$454,600
Median Home Value
+34% vs national
5.2%
Unemployment Rate
Housing in Tacoma
The median home value in Tacoma, WA is $454,600. Monthly rent for a typical unit averages $1,597, while total monthly housing costs (including utilities and insurance) average $1,747.
Rent-to-income ratio: 22.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Tacoma, WA is $83,857. The unemployment rate stands at 5.2%, with a labor force of 121,510 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.