Redmond, WA is a vibrant and growing city located east of Seattle. It is known as the “Bicycle Capital of the Northwest” for its extensive network of bike trails and paths. Redmond has an average two-bedroom rent of $2,670, which is almost double the national average of $1,430. It is also more expensive to shop here since Redmond has a Grocery Cost Index of 110 compared to 100 in the US. A few notable companies in Redmond are Microsoft, Nintendo, Eddie Bauer, and Expedia Group. These companies contribute significantly to the economy of Redmond and offer many job opportunities for locals and visitors alike.
Redmond has an unemployment rate of 4.1%. The US average is 6.0%.
Redmond has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 44.2%, which is higher than the US average of 33.5%.
Tax Rates for Redmond
- The Sales Tax Rate for Redmond is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Redmond is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Redmond
- The average income of a Redmond resident is $50,787 a year. The US average is $28,555 a year.
- The Median household income of a Redmond resident is $147,006 a year. The US average is $69,021 a year.