Key Economic Benchmarks
Median Household Income
$89,263$7,439 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Skagit County, WA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Skagit County, WA
Official FY2026 HUD Fair Market Rents for Mount Vernon-Anacortes, WA MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,186 | $14,232 | $47,440 | 15.9% |
| 1-Bedroom Apartment | $1,311 | $15,732 | $52,440 | 17.6% |
| 2-Bedroom ApartmentBenchmark | $1,720 | $20,640 | $68,800 | 23.1% |
| 3-Bedroom Home | $2,392 | $28,704 | $95,680 | 32.2% |
| 4-Bedroom Home | $2,599 | $31,188 | $103,960 | 34.9% |
50/30/20 Living Budget in Skagit County, WA
Based on the local median household income of $89,263/year ($7,439/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Washington
Explore net income after federal income tax, FICA, and Washington state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Washington with official federal datasets:
Frequently Asked Questions About Living in Skagit County, WA
What is the median household income in Skagit County, WA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Skagit County, WA is $89,263 per year (approximately $7,439 per month).
What is the average rent in Skagit County, WA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Skagit County, WA are $1,186 for a studio, $1,311 for 1 bedroom, $1,720 for 2 bedrooms, $2,392 for 3 bedrooms, and $2,599 for 4 bedrooms.
How does the cost of living in Skagit County, WA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Skagit County, WA is 102.4 (2.4% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Skagit County, WA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,720/month) in Skagit County, WA requires a minimum gross household income of $68,800 per year ($5,733 per month).
What is a balanced 50/30/20 monthly budget in Skagit County, WA?
For a typical household earning the median income of $89,263/year ($7,439/month) in Skagit County, WA, a balanced 50/30/20 budget allocates $3,719/month to essential needs (rent, utilities, groceries), $2,232/month to discretionary spending, and $1,488/month to savings and debt repayment.
What are typical electricity and utility costs in Skagit County, WA?
Residential electricity rates in Washington average 14.9¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $134 per month.