Quick facts: Electric city, WA

Quick Facts

115.1
Cost of Living
above US average
945
Population
10.58
Crime Rate per 1000
below US average
$61,435
Median Income
below US average
$595,000
Median House Price
above US average
$1979
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.5%
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 $61,435.

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Income Needed to Buy

βœ— Stretch
$187k/year
Based on $595,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $187k vs median $61,435
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1979/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $61,435
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Electric city, WA

Electric City is a small town located in Grant County, Washington. Situated near the picturesque Banks Lake and the Columbia River, it offers stunning natural landscapes and numerous recreational opportunities. Known for its friendly community vibe, Electric City is a great spot for outdoor enthusiasts, with activities such as boating, fishing, hiking, and camping readily available. The town serves as a gateway to the nearby Grand Coulee Dam, one of the largest concrete structures in the U.S., which attracts many tourists and provides a significant amount of hydroelectric power. Electric City is also home to various shops and restaurants, providing a quaint local experience. The population is small, contributing to a close-knit community atmosphere where events and gatherings are common. Residents enjoy a slower pace of life, with the benefits of a scenic environment and access to various outdoor activities, making it an appealing destination for those seeking tranquility and adventure alike.

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