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Cost of Living in Lakeview, WA

Population: 1,601 | Washington

84
Cost of Living Index
US Average = 100

Lakeview is 16% less expensive than the national average.

75
Housing
66
Home Values
107
Regional Price

Cost of Living in Lakeview, WA: What You Need to Know

With a cost of living index of 84, Lakeview, WA is a very affordable place to live. Living here is 16% cheaper than the national average and 35% below the Washington state average of 119. Lakeview is a small community of 1,601 residents.

Housing costs are the biggest factor in Lakeview's cost of living. The median monthly rent is $993 (25% below the US median of $1,319), and the median home value sits at $200,300 (34% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lakeview is $49,167, which is 35% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lakeview. The area sees an average annual temperature of 51.5°F, with summers averaging 72°F and winters around 31°F. Annual rainfall totals 7.6 inches spread over roughly 71 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$49,167
vs US Median ($75,149)
-35%

Housing

Median Rent
$993/mo
Median Home Value
$200,300
Median Monthly Housing Cost
$1,018/mo

Climate in Lakeview

NOAA 30-year normals (1991-2020)

51.5°F
Avg Temperature
7.6"
Rainfall / Year
71d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 36 43 54 63 73 80 89 88 79 62 46 36
Avg °F 30 35 43 51 60 67 75 74 65 51 38 30
Low °F 24 27 32 39 48 54 61 59 51 39 30 24
Rain" 0.9 0.6 0.7 0.6 0.8 0.7 0.3 0.2 0.2 0.7 0.9 1.1

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