Cost of Living in Redmond, WA
Population 77,353 · Census ACS 2020–2024 5-year estimates
The median rent in Redmond, WA is $2,409/month, 37% higher than the Washington median and 70% higher than the U.S. median. The median home value is $1,167,800, 251% higher than the national median. Households earn a median of $162,560 a year, 66% higher than the state median.
Affordability
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Redmond vs. Washington vs. U.S.
| Redmond | Washington | U.S. | |
|---|---|---|---|
| Median rent | $2,409 | $1,760 | $1,413 |
| Median home value | $1,167,800 | $564,600 | $332,700 |
| Median household income | $162,560 | $98,141 | $80,734 |
| Homeownership rate | 43.2% | 63.8% | 65.2% |
| Bachelor's degree or higher | 75.3% | 39.6% | 35.7% |
| Poverty rate | 5.6% | 9.9% | 12.5% |
| Unemployment rate | 4.9% | 5.1% | 5.2% |
| Work from home | 38.4% | 19.8% | 15.1% |
| Median age | 35.0 | 38.3 | 38.9 |
FAQ
What is the average rent in Redmond, WA?
The median gross rent in Redmond, WA is $2,409 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Redmond, WA?
Using the common 30% rule, renting a median-priced home takes about $96,360 a year in gross income.
Is Redmond, WA expensive to live in?
Rent there is 70% higher than the U.S. median, and the median home costs about 7.2 times the median household income.
Other cities in Washington
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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