Cost of Living in Redmond, WA
Population: 75,721 • 2026 Data
$162,099
Median Household Income
+109% vs national
$2,343
Median Monthly Rent
+74% vs national
$1,091,700
Median Home Value
+222% vs national
4.1%
Unemployment Rate
Housing in Redmond
The median home value in Redmond, WA is $1,091,700. Monthly rent for a typical unit averages $2,343, while total monthly housing costs (including utilities and insurance) average $2,425.
Rent-to-income ratio: 17.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Redmond, WA is $162,099. The unemployment rate stands at 4.1%, with a labor force of 43,745 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.