Quick facts: Bellevue, WA

Quick Facts

145.8
Cost of Living
above US average
152,767
Population
37.96
Crime Rate per 1000
above US average
$149,551
Median Income
above US average
$2,010,000
Median House Price
above US average
$25292.94
Average Rent
above US average
6%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $149,551.

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Income Needed to Buy

βœ— Stretch
$631k/year
Based on $2,010,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $631k vs median $149,551
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Income Needed to Rent

⚠ Stretch
$1084k/year
Based on $25292.94/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $1084k vs median $149,551
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bellevue, WA

Bellevue, Washington, located across Lake Washington from Seattle, is a vibrant city known for its thriving business district, beautiful parks, and diverse community. As one of the fastest-growing cities in the region, Bellevue boasts a strong economy driven by technology and retail, with major companies like Microsoft and T-Mobile having a significant presence. The city's downtown area features a blend of modern skyscrapers, shopping centers like Bellevue Square, and a variety of dining options. Residents and visitors enjoy easy access to green spaces, including the picturesque Bellevue Downtown Park and the expansive Kelsey Creek Park, which offer trails and recreational activities. Bellevue is also recognized for its top-rated schools and family-friendly atmosphere, attracting young professionals and families alike. Cultural events, art festivals, and the Bellevue Arts Museum contribute to its rich community life. With a well-connected public transportation system and proximity to Seattle, Bellevue serves as an ideal location for those seeking urban amenities without the congestion of a larger city. Overall, Bellevue combines a suburban feel with urban sophistication, making it a desirable place to live and work.

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