Bellevue, WA

Estimated Annual Costs

Bellevue has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 250 (where 100 equals the national median), Bellevue residents can expect to pay median rent of $2,505/month while earning a median household income of $161,300/year.

The median home value in Bellevue, WA is $1,203,100, with typical monthly owner costs around $2,586 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.6% 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 Bellevue.