Cost of Living in Oakville, WA

With a cost of living index of 91, Oakville, WA is slightly more affordable than average. Living here is 9% cheaper than the national average and 29% below the Washington state average of 119. Oakville is a small community of 739 residents.

Housing costs are the biggest factor in Oakville's cost of living. The median monthly rent is $1,152 (13% below the US median of $1,319), and the median home value sits at $225,200 (26% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Oakville is $71,375, which is 5% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Oakville. The area sees an average annual temperature of 50.5°F, with summers averaging 63°F and winters around 40°F. Annual rainfall totals 50.6 inches spread over roughly 163 days.

Everyday prices in the Olympia-Lacey-Tumwater, WA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.