Skykomish at a glance
- Population: the Census estimates 156 residents, ranking 274th of 281 places in Washington (Vintage 2023).
- 2020 Census base: 164 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 4.9% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Washington places: 274th by size among 281 communities (US Census Bureau).
- Size percentile: roughly 2% of places in Washington rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 47.7099, -121.3564.
- Nearest larger cities: Index, WA (12 mi); Gold Bar, WA (19 mi); Sultan, WA (24 mi); North Bend, WA (25 mi); Carnation, WA (26 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Krupp, WA (112 mi) (US Census Bureau).
What a personal loan costs in Skykomish
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Washington lending rules that apply in Skykomish
Read the table as the compliance picture for a lender serving Skykomish: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer Loan Company license required (Consumer Loan Act, RCW 31.04.035) Source says: No person may engage in any activity subject to this chapter without first obtaining and maintaining a license in accordance with this chapter. | Washington State Legislature (RCW) as of 2026-09-16 |
| State lending regulator | Washington State Department of Financial Institutions (DFI) Source says: DFI licenses and regulates financial institutions and service providers in Washington. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum, or four points above the Federal Reserve bill rate, whichever is higher (RCW 19.52.020) Source says: any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum | Washington State Legislature (RCW) as of 2026-09-16 |
| Payday lending status | Licensed; small loans capped at $700 or 30% of monthly income, max 45 days, fees 15% on first $500 and 10% above (RCW 31.45) Source says: Payday lenders must be licensed by DFI — including online lenders that do business with Washington residents. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
How to compare offers in Skykomish
The steps below are worth completing first when you borrow in Skykomish:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.