Housing costs in Redmond?
A typical home costs
$1,186,200, which is 250.8% more expensive than the national average of
$338,100 and 121.8% more expensive than the average Washington home, at
$534,700. Renting a two-bedroom unit in Redmond costs
$2,670 per month, which is 86.7% more than the national average of
$1,430 and 35.2% more than the state average of
$1,730.
Can I afford Redmond?
To live comfortably in Redmond, Washington, a minimum annual income of
$227,160 for a family, and
$91,600 for a single person is recommended.
What does A.I. say about Redmond?
Redmond, Washington has a cost of living index rating moderately higher than that if the nation at 112 due mostly to its somewhat high housing costs making up 38%, transportation at 16%, groceries (11%), utilities (8%) and healthcare making 7%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even above average providing citizens with an overall reasonable cost of living compared with almost everywhere else in America whilst having access similar amenities found citywide from whatever municipality they call home.