Cost of Living in Redmond, WA

Population 75,721 · Washington · Data vintage 2023

286
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Redmond sits 258% above the national median — $1.1 million for the typical home — but median household incomes near $162,099 (117% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Redmond sits roughly 6 miles northeast of Bellevue — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 9% lower than Bellevue's $1.2 million.

Cost Overview

Housing 358
Rent 178

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Redmond

The median home value in Redmond is $1,091,700 — 258% above the national median of $305,000. Median rent runs $2,343/month, 78% higher than the national median of $1,314/month. The median household income of $162,099/year is 117% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Washington charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 60.8°F and lows of 45.7°F, with about 3.8" of annual snowfall. Overall, Redmond has a cost of living index of 286 versus the US average of 100, meaning it is 186% more expensive.

🏠 Housing

Median Home Value
$1,091,700
258% above avg
Zillow Home Value
$1,374,110
Zillow ZHVI
Median Rent
$2,343/mo
78% above avg
Zillow Rent
$2,354/mo
Zillow ZORI
Price-to-Rent Ratio
38.8x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$963
1 BR
$1,018
2 BR
$1,317
3 BR
$1,845
4 BR
$2,071
Owner-occupied 45.2%
Renter-occupied 54.8%

💰 Estimated Monthly Budget

Rent median rent
$2,343
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,957/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.5 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
35.0%

Commute Mode

Drove alone
47.8%
Carpooled
6.3%
Public transit
6.1%
Walked
2.7%
Bicycle
0.8%
Work from home
35.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.2%
State rate 6.5%
Avg local rate 2.7%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$162,099
117% above avg
Per Capita Income
$89,026
Unemployment Rate
4.1%
14% below avg
Poverty Rate
5.8%
Labor Force Participation
71.8%

🎓 Education

Bachelor's degree+ 36.8%
Graduate degree 37.9%

👥 Demographics

Median Age 35
Male median age 34.2
Female median age 35.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.8°F
Avg Low
45.7°F
Annual Precip
37.8"
Annual Snowfall
3.8"
30° 43° 55° 68° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475054596570777771615247
Low °F 373739434853575753474137
Precip" 5.143.543.862.982.161.570.781.001.743.655.855.55
Snow" 0.91.00.00.00.00.00.00.00.00.00.21.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 46 — Good
58.6%
Good air days/yr
165
Max AQI recorded
273
PM2.5 days
86
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94%
4-Year Graduation Rate
18.4:1
Student-teacher ratio
56
Public schools
31,851
Total enrollment

Frequently Asked Questions

What is the cost of living in Redmond, WA?

Redmond has a cost index of 286 (100 = national average). It is 186% above the national average.

What is average rent in Redmond, WA?

The median gross rent in Redmond is $2,343 per month based on 2023 Census data.

What is the average home price in Redmond?

The median home value in Redmond is $1,091,700 according to Zillow and Census data.

What is the median income in Redmond?

The median household income in Redmond is $162,099 per year (2023 ACS 5-year estimates).

What is the sales tax in Redmond, WA?

The combined state and local sales tax rate in Redmond is 9.2%. Washington has no state income tax.

Is Redmond, WA affordable?

Redmond is above average in cost of living, with an index of 286 — about 186% higher than the national average.

What is the weather like in Redmond?

Redmond has average high temperatures of 60.8°F and average lows of 45.7°F. Annual precipitation is 37.8". Average annual snowfall is 3.8". Data from NOAA 1991–2020 Climate Normals.

Redmond at a Glance

Population
75,721
Median Income
$162,099
Home Value
$1,091,700
Median Rent
$2,343/mo
Unemployment
4.1%
Avg High Temp
60.8°F
Sales Tax
9.2%
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