Edmonds, WA

Very High · 180

Washington · Population 42,783 · Updated March 2026

$1,850
Median Rent / Month
$116,095
Median Income
$840,200
Median Home Value
$1,991
Owner Costs / Month

Affordability

How far your income goes in Edmonds

19.1%
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

$22,200
Annual Rent
$0
State Income Tax
$7,730
Property Tax (est.)

Cost of Living Overview

Edmonds has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 180 (where 100 equals the national median), Edmonds residents can expect to pay median rent of $1,850/month while earning a median household income of $116,095/year.

The median home value in Edmonds, WA is $840,200, with typical monthly owner costs around $1,991 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.1% 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 Edmonds.

Frequently Asked Questions

Common questions about living costs in Edmonds

What is the cost of living in Edmonds, WA?
The cost of living index in Edmonds, WA is 180 (US average = 100). Median monthly rent is $1,850, median household income is $116,095/year, and the median home value is $840,200.
Is Edmonds, WA affordable?
No, Edmonds is more expensive than the national average with a cost index of 180. The rent-to-income ratio is 19.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Edmonds, WA?
The median gross rent in Edmonds, WA is $1,850 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,200.
What is the median household income in Edmonds?
The median household income in Edmonds, WA is $116,095 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.