salaryRent is higher than in 87% of U.S. cities. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 6.7 years of household income, so buying is hard for most locals. Most households rent (57%), so there are plenty of rental options. It is a highly educated city: 75.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $102,960 a year. That is $50 an hour at a full-time job.
Is rent cheaper than other Washington cities?
No. Rent here is more expensive than in most of Washington. It is number 161 of 192 cities from cheapest to most expensive.
How much do households earn in Redmond?
Share of households by yearly income. 62.2% of households earn $100,000 or more.
Rent by apartment size in Redmond
| Size | Redmond | U.S. average |
|---|---|---|
| Studio | $2,301 | $1,338 |
| 1 bedroom | $2,327 | $1,324 |
| 2 bedrooms | $2,819 | $1,509 |
| 3 bedrooms | $3,460 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Redmond overall?
Everyday prices in the Seattle-Tacoma-Bellevue metro area are 11% above the U.S. average (index 111.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Redmond
Life in Redmond
What jobs pay in Redmond
| Job | Median pay | Rent / pay |
|---|---|---|
| Physician Assistant | $167,290 | 18.5% |
| Software Developer | $167,280 | 18.5% |
| Lawyer | $164,980 | 18.7% |
| Pharmacist | $162,870 | 19.0% |
| Nurse Practitioner | $160,090 | 19.3% |
| Operations Manager | $146,030 | 21.2% |
| Dental Hygienist | $133,740 | 23.1% |
| Computer Systems Analyst | $133,690 | 23.1% |
| Registered Nurse | $128,260 | 24.1% |
| Civil Engineer | $116,480 | 26.5% |
| Police Officer | $115,120 | 26.8% |
| Elementary School Teacher | $102,920 | 30.0% |
| Market Research Analyst | $102,170 | 30.2% |
| Electrician | $101,780 | 30.3% |
| Firefighter | $101,090 | 30.6% |
| Accountant | $99,370 | 31.1% |
| Plumber | $95,230 | 32.4% |
| Licensed Practical Nurse | $85,690 | 36.0% |
| HVAC Technician | $80,100 | 38.6% |
| Carpenter | $76,410 | 40.4% |
| Truck Driver | $71,240 | 43.4% |
| Medical Assistant | $61,500 | 50.2% |
| Server (Waiter/Waitress) | $57,280 | 53.9% |
| Customer Service Representative | $53,550 | 57.7% |
| Nursing Assistant | $51,990 | 59.4% |
| Warehouse Worker | $47,740 | 64.7% |
| Restaurant Cook | $47,730 | 64.7% |
| Cashier | $44,210 | 69.9% |
| Retail Salesperson | $42,080 | 73.4% |
Is it cheaper to rent or buy in Redmond?
Renting is cheaper right now: about $5,529 a month less.
Owning assumes a typical $1,167,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $116,780 for the down payment.
Frequently asked questions
What is the average rent in Redmond, WA?
Renting in Redmond costs a median of about $2,574 a month in 2026, including utilities. The Washington median is $2,025.
How much do I need to make to live in Redmond?
To keep rent under 30% of income, you need about $102,960 a year, or $50 an hour at a full-time job.
Is Redmond cheap or expensive?
Redmond is rated Cheap: rent takes 17.6% of the typical household income of $175,321. It ranks 161st cheapest of 192 Washington cities we track.
How much are property taxes in Redmond?
The median homeowner in Redmond pays $8,711 a year in property taxes, about 0.75% of the median home value.
Is Redmond more expensive than the national average?
Overall prices in the metro area are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Redmond?
The median home value in Redmond is $1,167,800, about 6.7 times the typical yearly household income.
77,353 people live in Redmond. Numbers are typical (middle) values.