Housing costs in Lynnwood?
A typical home costs
$763,900, which is 125.9% more expensive than the national average of
$338,100 and 42.9% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Lynnwood costs
$1,940 per month, which is 12.1% more than the national average of
$1,730 and 6.7% cheaper than the state average of
$2,070.
Can I afford Lynnwood?
To live comfortably in Lynnwood (zip 98036), Washington, a minimum annual income of
$146,520 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Lynnwood?
The cost of living in 98036 Lynnwood, WA is generally quite high due to its proximity to Seattle and other major metropolitan areas. The median home value in the area is estimated to be $450,400 as of 2019, a significant increase from the median of $344,400 recorded in 2014. Additionally, the median household income for residents in the 98036 zip code was reported at $73,238 as of 2019, which is higher than both the state and national average. Residents can expect to pay more for food, transportation, healthcare services, and entertainment compared to other parts of Washington. Despite this high cost of living, residents enjoy access to many recreational activities such as hiking trails and parks that are located throughout the city.