Cost of Living in Spokane Valley, WA

With a cost of living index of 101, Spokane Valley, WA is right around the national average in cost. Living here is 1% more expensive than the national average and 18% below the Washington state average of 119. As a major city with a population of 105,460, Spokane Valley offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Spokane Valley's cost of living. The median monthly rent is $1,247 (5% below the US median of $1,319), and the median home value sits at $344,300 (13% above the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Spokane Valley is $70,722, which is 6% lower than the national median of $75,149. Residents spend roughly 21% 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 Spokane Valley. The area sees an average annual temperature of 49.8°F, with summers averaging 68°F and winters around 33°F. Annual rainfall totals 17.4 inches spread over roughly 119 days.

Everyday prices in the Spokane-Spokane Valley, 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.