Cost of Living in University Place, WA
Population: 34,850 • 2026 Data
$94,952
Median Household Income
+23% vs national
$1,664
Median Monthly Rent
+23% vs national
$578,100
Median Home Value
+71% vs national
4.1%
Unemployment Rate
Housing in University Place
The median home value in University Place, WA is $578,100. Monthly rent for a typical unit averages $1,664, while total monthly housing costs (including utilities and insurance) average $1,787.
Rent-to-income ratio: 21.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in University Place, WA is $94,952. The unemployment rate stands at 4.1%, with a labor force of 17,950 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.