Salary & Cost of Living in Redmond, WA
Redmond, WA: $115,000 median salary, cost of living index 160, $16.66/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$115,000
$55/hr
Cost of Living
160
US avg = 100
Minimum Wage
$16.66
per hour
Unemployment
2.2%
rate
Redmond, WA Overview
Population
73,256
Median Salary
$115,000
Average Salary
$128,000
Avg Commute
26 min
Median Home Price
$950,000
Median Rent
$2,700/mo
Job Growth
+3.2%
Sales Tax
10.25%
Redmond is located in Washington with a population of 73,256. The median household salary is $115,000 per year ($55/hour), which is $55,616 above the national median of $59,384. The average commute time is 26 minutes, and the city has a job growth rate of +3.2%.
Redmond Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Redmond, WA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$89,289
$7,440.71/month · $3,434.17/biweekly · Effective Rate: 22.4%
Gross Pay
$115,000
Federal Tax
-$16,914
State Tax
$0
Local Tax
$0
FICA
-$8,798
Net Pay
$89,289
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $9,583.33 | $115,000.00 |
| Federal Income Tax | -$1,409.50 | -$16,914.00 |
| Washington State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$594.17 | -$7,130.00 |
| Medicare (1.45%) | -$138.96 | -$1,667.50 |
| Net Take-Home Pay | $7,440.71 | $89,288.50 |
Salary Comparison: Redmond vs Other Cities
See how Redmond's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Redmond, WA | $115,000 | 160 | $71,875 |
| National Average | $59,384 | 100 | $59,384 |
| San Jose, CA | $117,000 | 195 | $60,000 |
| San Francisco, CA | $112,500 | 180 | $62,500 |
| Bellevue, WA | $110,000 | 160 | $68,750 |
| Irvine, CA | $105,000 | 175 | $60,000 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Redmond
Redmond's cost of living index is 160 (national average = 100). Living in Redmond is 60% more expensive than the national average.
Median Home Price
$950,000
Median Monthly Rent
$2,700
Annual Rent Cost
$32,400
Your Salary's Purchasing Power
Your $89,289 annual take-home pay in Redmond has the purchasing power of approximately $55,805 in an average-cost US area. You would need to earn $184,000 in Redmond to match a $115,000 salary in an average-cost city.
Top Industries in Redmond
Redmond's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $115,000.
Salary Tips for Redmond Workers
- Negotiate for cost of living. Redmond has a cost of living 60% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- No state income tax advantage. Washington has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Redmond's top industries include Technology, Gaming, Aerospace. Targeting roles in these sectors can help you earn above the $115,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Redmond, WA?
The median salary in Redmond, WA is $115,000 per year, or $55 per hour. The average salary is $128,000. This is $55,616 above the national median of $59,384.
What is the cost of living in Redmond, WA?
Redmond's cost of living index is 160 (national average = 100), meaning it is 60% more expensive compared to the national average. The median home price is $950,000 and the median monthly rent is $2,700.
What are the best industries in Redmond?
The top industries in Redmond, WA include Technology, Gaming, Aerospace. The city has a job growth rate of 3.2% and an unemployment rate of 2.2%. Workers in these industries often earn above the city's median salary of $115,000.
How does Redmond's salary compare to other cities?
Redmond's median salary of $115,000 is 93.7% above the national median of $59,384. However, when adjusted for cost of living (index: 160), the real purchasing power is approximately $71,875.
What is the minimum wage in Redmond, WA?
The minimum wage in Redmond, WA is $16.66 per hour. This equals approximately $34,653 per year for a full-time worker (40 hours/week). This is $9.41 above the federal minimum wage of $7.25/hour.