Redmond, WA Cost Of Living
Cost Of Living In Redmond, WA Summary
Cost of living in Redmond research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Redmond is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Washington, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Redmond is 191, with 100 being the average.
The cost of living index in Redmond is 1.9x higher than the national average.
Redmond ranks as the #187 cheapest in Washington out of 192.
Redmond ranks as the #6,266 cheapest out of 6,489 in the US.
The median home value in Redmond is $1,366,669.
The median income in Redmond is $162,099.
Table Of Contents
Redmond's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Redmond, WA?
According to the most recent data on the cost of living, Redmond has an overall cost of living index of 191, which is 1.9x higher than the national index of 100.
Compared to Washington, Redmond has a cost of living index that's 1.6x higher than Washington's index of 118.
The standard of living in Redmond ranks as #187 most affordable out of the 192 places we measured in Washington. By definition, that implies Redmond ranks as the #5 most expensive place in the Evergreen State.
For more reading on life in Redmond, check out:
In Washington
In America
Redmond Cost Of Living Vs. Washington
Six factors go into calculating the cost of living index in Redmond. Here is how it fairs on each of the criteria:
The Services index in Redmond is 121.
The Groceries index in Redmond is 116.
The Health index in Redmond is 137.
The Housing index in Redmond is 363.
The Transportation index in Redmond is 128.
The Utilities index in Redmond is 103.
| Living Expense | Redmond | Washington | National Average | |
|---|---|---|---|---|
| Overall | 191 | 118 | 100 | |
| Services | 121 | 111 | 100 | |
| Groceries | 116 | 112 | 100 | |
| Health | 137 | 122 | 100 | |
| Housing | 363 | 135 | 100 | |
| Transportation | 128 | 124 | 100 | |
| Utilities | 103 | 91 | 100 | |
Redmond, WA Housing Cost Breakdown
Housing swings affordability the most between places in Washington, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Redmond is $1,366,669.
The Median Rent in Redmond is $2,343.
The Median Income in Redmond is $162,099.
The Home Value To Income in Redmond is 8.4x.
The Rent To Monthly Income in Redmond is 0.17x.
| Statistic | Redmond | Washington | United States |
|---|---|---|---|
| Median Home Value | $1,366,669 | $595,737 | $303,400 |
| Median Rent | $2,343 | $1,682 | $1,348 |
| Median Income | $162,099 | $94,952 | $78,538 |
| Home Value To Income | 8.4x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Redmond, WA Costs By Category
Detailed Redmond Services Costs Vs. Washington
| Item | Redmond | Washington |
|---|---|---|
| Shampoo | $1.4 | $1.28 |
| Movie | $16.37 | $12.13 |
| Bowling | $21.59 | $18 |
| Haircut | $50.2 | $24.26 |
| Beauty Salon | $72.25 | $45.56 |
Detailed Redmond Groceries Costs Vs. Washington
| Item | Redmond | Washington |
|---|---|---|
| Ground Beef | $5.54 | $5.84 |
| Fried Chicken | $2.55 | $1.57 |
| Milk | $5.1 | $4.67 |
| Potatoes | $4.49 | $4.93 |
| Pizza | $14.4 | $12.09 |
| Beer | $12.14 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Redmond Health Costs Vs. Washington
| Item | Redmond | Washington |
|---|---|---|
| Optometrist | $198.49 | $125.68 |
| Doctor | $236.25 | $135.78 |
| Dentist | $149.39 | $113.29 |
Detailed Redmond Transportation Costs Vs. Washington
| Item | Redmond | Washington |
|---|---|---|
| Gasoline | $4.66 | $3.46 |
| Tire Balancing | $67.2 | $59.92 |
Detailed Redmond Utilities Costs Vs. Washington
| Item | Redmond | Washington |
|---|---|---|
| All Electricity | $193.41 | $193.99 |
| Phone | $202.97 | $192.25 |
Redmond SnackAbility
/10
Cost Of Living In Cities Around Redmond
The cost of living varies in the cities and towns around Redmond. Here's a quick look at the cost of living in the most populous nearby places:
Bellevue, WA has a cost of living index of 202, 1.1x Redmond.
Everett, WA has a cost of living index of 136, 0.7x Redmond.
Kirkland, WA has a cost of living index of 184, 1.0x Redmond.
| City | Population | Cost Of Living | Vs. Redmond |
|---|---|---|---|
| Bellevue, WA | 151,199 | 202 | 1.1x |
| Everett, WA | 111,083 | 136 | 0.7x |
| Kirkland, WA | 91,614 | 184 | 1.0x |
| Sammamish, WA | 66,375 | 204 | 1.1x |
| Lynnwood, WA | 40,953 | 143 | 0.7x |
| SeaTac, WA | 31,143 | 132 | 0.7x |
| Bainbridge Island, WA | 24,607 | 185 | 1.0x |
| Union Hill-Novelty Hill, WA | 23,272 | 204 | 1.1x |
| Cottage Lake, WA | 23,170 | 200 | 1.0x |
| Tukwila, WA | 21,479 | 129 | 0.7x |
