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Cost of Living in Bellevue

Is it better to rent or buy in Bellevue? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$75,922
$911/mo

Median in area: $911

$184,295

Median in area: $184,295

$36,859

If you Rent

🔑
$1,156 /mo
Base Rent$911
Est. Utilities$245
% of Income18.3%
Pre-tax Residual$5,171

If you Buy

🏠
$1,653 /mo
P&I (7.116%)$992
Taxes & Ins$416
Est. Utilities$245
% of Income26.1%
Pre-tax Residual$4,673

Cost of Living FAQs

Is it cheaper to rent or buy in Bellevue?›

Based on median housing data, renting is currently more affordable on a monthly basis in Bellevue. The estimated all-in monthly cost for renting is $1,156, while owning a median-priced home with a 20% down payment is roughly $1,653 per month (a difference of $497).

How much do utilities cost in Bellevue?›

The average monthly utility cost (electricity and natural gas) for a typical home in Bellevue is approximately $245. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Bellevue?›

To comfortably afford the median rent and utilities in Bellevue without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $46,240 per year.