Living in University Place, Washington
Cost of living, income, home prices, rent and demographics of University Place · Census data 2020–2024
University Place has 34,911 residents with a median age of 40.1. The median household income is $99,031 (about the same as the Washington median), the median home value is $624,800, the median rent is $1,762/month.
University Place at a glance
- Population
- 34,911
- Median age
- 40.1State: 38.3
- Median household income
- $99,031State: $98,141
- Median home value
- $624,800State: $564,600
- Median rent
- $1,762/moState: $1,760
- Homeowners
- 57.2%
- Bachelor's degree or higher
- 42.1%
- Average commute
- 28 min
Is University Place a good place to live?
Pros: Median household income about the same as the Washington median; unemployment of 5.1%; a poverty rate of 8.2%.
Cons: Home values 11% higher than the state median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in University Place
Housing is the biggest part of the cost of living. In University Place the median home value is $624,800, 88% higher than the U.S. median. Renters pay a median of $1,762 per month, which is 34.2% of household income. Homeowners with a mortgage pay $2,706 a month in housing costs.
University Place median household income
The median household income in University Place is $99,031 and the income per person is $51,517. 8.2% of residents live below the poverty line (Washington: 9.9%).
Housing in University Place: homes for sale and rent
- Housing units
- 14,216
- Owner-occupied
- 57.2%
- Renter-occupied
- 42.8%
- Vacant
- 3.8%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.53
University Place demographics
- Population
- 34,911
- Median age
- 40.1
- Under 18
- 22.8%
- 65 and older
- 19.5%
- Households
- 13,682
- Foreign-born
- 13.4%
- Veterans
- 9.8%Adults 18+
Hispanic or Latino can be of any race. Population history of University Place ›
Education in University Place
42.1% of adults 25 and older in University Place have a bachelor's degree or higher (Washington: 39.6%), and 19.1% have a graduate or professional degree.
Jobs and commute in University Place
- Unemployment rate
- 5.1%State: 5.1%
- Average commute
- 28 minState: 27 min
- Work from home
- 16.9%
- Drive alone
- 69.2%
- Public transit
- 1.9%
- Walk to work
- 0.9%
- Homes with broadband
- 97%
University Place vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| University Place | 34,911 | $99,031 | $624,800 | $1,762 |
| Fircrest | 7,069 | $113,926 | $583,500 | $1,554 |
| Lakewood | 62,937 | $74,720 | $461,200 | $1,525 |
| Steilacoom | 6,686 | $100,851 | $655,000 | $1,818 |
| Tacoma | 222,758 | $85,884 | $479,600 | $1,676 |
| Wollochet | 6,689 | $149,271 | $889,900 | $1,915 |
| Fox Island | 3,414 | $172,292 | $1,003,900 | — |
| Ruston | 1,245 | $116,331 | $912,700 | $2,598 |
| McChord AFB | 2,999 | $54,808 | — | $2,323 |
More for people moving to University Place
University Place ZIP code ›Weather and climate ›Living in University Place: FAQ
What is the median household income in University Place, WA?
The median household income in University Place is $99,031, about the same as the Washington median of $98,141 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in University Place?
The median home value in University Place is $624,800, compared with $564,600 in Washington.
How much is rent in University Place?
The median gross rent in University Place is $1,762 per month, about 34.2% of household income.
Is University Place, WA a good place to live?
Pluses: median household income about the same as the Washington median; unemployment of 5.1%; a poverty rate of 8.2%. Minuses: home values 11% higher than the state median; an average commute of 28 minutes.
What is the median age in University Place?
The median age in University Place is 40.1 years (Washington: 38.3).
How long is the commute in University Place?
The average commute to work in University Place is 28 minutes; 16.9% of workers work from home.
What is the unemployment rate in University Place?
The unemployment rate in University Place is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is University Place?
42.1% of adults in University Place have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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