Quick facts: Tacoma, WA

Quick Facts

125.3
Cost of Living
above US average
221,776
Population
100.24
Crime Rate per 1000
above US average
$79,085
Median Income
below US average
$425,000
Median House Price
above US average
$1569.8
Average Rent
above US average
11%
Poverty Rate
above US average
4.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $79,085.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $79,085
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1569.8/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($79,085) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tacoma, WA

Tacoma, Washington, is a vibrant city located in Pierce County, about 30 miles south of Seattle. Known as the "City of Destiny," Tacoma has a rich history tied to the shipping industry and is situated on the shores of Puget Sound, offering stunning waterfront views. Tacoma boasts a diverse cultural scene with a variety of museums, including the Museum of Glass, which showcases contemporary glass art, and the Washington State History Museum, highlighting the region's heritage. The city's revitalized downtown features a mix of historical architecture, modern eateries, and unique shops. Outdoor enthusiasts will appreciate Tacoma's proximity to numerous parks and recreational areas, such as Point Defiance Park, which contains forests, beaches, and an aquarium. The nearby Mount Rainier National Park offers breathtaking mountain landscapes and hiking opportunities. Tacoma is also home to a growing population, with a blend of urban and suburban living. The city hosts various events and festivals throughout the year, contributing to its community-oriented atmosphere. With its eclectic mix of history, nature, and arts, Tacoma presents a dynamic environment for residents and visitors alike.

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