Quick facts: Bainbridge island, WA

Quick Facts

115.1
Cost of Living
above US average
24,494
Population
14.82
Crime Rate per 1000
below US average
$151,290
Median Income
above US average
$799,000
Median House Price
above US average
$3778.75
Average Rent
above US average
5%
Poverty Rate
below US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $151,290.

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Income Needed to Buy

βœ— Stretch
$251k/year
Based on $799,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $251k vs median $151,290
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Income Needed to Rent

⚠ Stretch
$162k/year
Based on $3778.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $162k vs median $151,290
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bainbridge island, WA

Bainbridge Island, located in Washington State, is a picturesque island community situated in Puget Sound, just a short ferry ride from Seattle. Known for its stunning natural beauty, the island features lush forests, scenic waterfronts, and charming small-town atmospheres. The island boasts a rich history, evident in its well-preserved historical sites and vibrant cultural scene. Visitors can explore artisanal shops, local galleries, and waterfront parks, while enjoying outdoor activities like kayaking, hiking, and biking. The Bloedel Reserve, a stunning 150-acre garden and forest sanctuary, is a must-see for nature enthusiasts. Bainbridge Island also hosts a variety of events and festivals throughout the year, promoting local arts and community spirit. The Island's dining scene features fresh, locally-sourced cuisine with restaurants offering everything from casual eats to fine dining. With a blend of natural beauty, community charm, and proximity to Seattle, Bainbridge Island is a quintessential getaway for residents and visitors alike, making it a unique part of Washington State.

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