Bainbridge Island, WA

Very High · 221

Washington · Population 24,607 · Updated March 2026

$2,081
Median Rent / Month
$159,882
Median Income
$1,076,200
Median Home Value
$2,464
Owner Costs / Month

Affordability

How far your income goes in Bainbridge Island

15.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Washington

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.5%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$24,972
Annual Rent
$0
State Income Tax
$9,901
Property Tax (est.)

Cost of Living Overview

Bainbridge Island has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 221 (where 100 equals the national median), Bainbridge Island residents can expect to pay median rent of $2,081/month while earning a median household income of $159,882/year.

The median home value in Bainbridge Island, WA is $1,076,200, with typical monthly owner costs around $2,464 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Washington has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.5% sales tax rate and 0.92% effective property tax rate, the overall tax environment helps keep costs manageable in Bainbridge Island.

Frequently Asked Questions

Common questions about living costs in Bainbridge Island

What is the cost of living in Bainbridge Island, WA?
The cost of living index in Bainbridge Island, WA is 221 (US average = 100). Median monthly rent is $2,081, median household income is $159,882/year, and the median home value is $1,076,200.
Is Bainbridge Island, WA affordable?
No, Bainbridge Island is more expensive than the national average with a cost index of 221. The rent-to-income ratio is 15.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bainbridge Island, WA?
The median gross rent in Bainbridge Island, WA is $2,081 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,972.
What is the median household income in Bainbridge Island?
The median household income in Bainbridge Island, WA is $159,882 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Washington?
Washington has a top income tax rate of 0%, a sales tax of 6.5%, and an effective property tax rate of 0.92%. Notably, there is no state income tax.