Is Redmond, WA Expensive to Live?
By Tony Meier, Windermere Real Estate Northeast
National and Statewide Rankings
Redmond’s cost of living is 43% higher than the national average and 256% higher than Washington’s state average, placing it in the top 1% of the most expensive cities globally. It’s a premium suburb, rivaling metropolitan areas like Bellevue, Kirkland, and even parts of Seattle for overall expense.salary+2
Housing: The Main Driver
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Rent: As of October 2025, the average rent for a one-bedroom apartment in Redmond is $2,266—a full 39% above the national average rent of $1,630. Two-bedroom units run $2,854 to $3,000, while three-bedrooms frequently exceed $3,459 monthly. Annual rent increases have remained steady at about 0.5%.apartments+1
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Homes: The median price for homes is around $1.4 million, with buying a three-bedroom house incurring typical mortgage costs between $4,500 and $6,000 monthly. Demand drives fast sales and prices upward.zillow+1
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HOA Fees: Many newer neighborhoods require monthly fees of $200 to $500 for maintenance and amenities.indexyard
Utilities, Groceries, and Daily Expenses
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Utilities: Electricity, water, and gas typically total $220–$350 monthly, with seasonal variations for heating and cooling.indexyard
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Groceries: Redmond food prices are about 10-11% higher than the national average; expect a monthly grocery spend of around $400 per person, with staples like milk and bread at $3.50 each and chicken up to $6/lb.payscale+2
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Dining: Restaurant meals range from $15–$25 for casual fare, and fine dining can reach $60 or more per person.allreadymoving+1
Transportation and Personal Costs
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Transportation: Gas averages $4.39/gallon, and insurance costs are higher than statewide norms due to vehicle value and regional traffic.indexyard+1
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Miscellaneous: Items and services from clothing to household needs all command a premium over Washington averages.
Taxes and Fees
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Sales tax: 10.1% in Redmond, higher than nearby cities.
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Property tax: About 0.9%, so a $1 million home incurs roughly $9,000 annually.allreadymoving+1
Monthly Budget Example (2025)
| Expense | Cost (Single Adult) | Cost (Family of 4) |
|---|---|---|
| Housing (rent) | $2,266–$3,000 | $3,459+ |
| Utilities | $220–$350 | $270–$410 |
| Groceries | ~$400 per person | ~$1,100 |
| Transportation | $410–$750 | $850–$1,400 |
| Healthcare | $350 | $1,100 |
| Total | $3,532+ | $7,777+ |
Many Redmond residents need gross monthly incomes of $5,200+ just for a comfortable lifestyle as a couple or small family.salary+1
Why Do People Pay the Premium?
Residents accept higher costs for top-tier schools, safety, outdoor recreation, cultural diversity, and access to major employers—most notably Microsoft. Housing demand, low crime, community amenities, and healthy job prospects add further value for those who can afford the area’s premium rates.
Tony Meier’s Perspective
Tony Meier notes:
“Redmond offers an unmatched blend of community and opportunity, but the expense is real. Buyers and renters should be prepared for the practical costs behind the region’s desirability—and always budget with an eye toward long-term stability, investment, and quality of life.”
Conclusion
Redmond, WA is one of the most expensive cities in both Washington State and the United States. High housing costs, elevated daily expenses, and above-average salaries define the area’s cost landscape. Prospective residents should approach the market with careful planning and expert guidance—Tony Meier & Team remain ready to help you weigh the value and make informed decisions.
Author: Tony Meier
Windermere Real Estate Northeast
11411 NE 124th St #110
Kirkland WA 98052
Phone: 425-466-1000
Web: Eastsidehomes.com
