Redmond, Washington Income Statistics
Redmond Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Redmond Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Redmond | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $160,130 | $98,224 | $80,455 |
| Median Personal Income | $124,417 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.6% | 4.8% |
| Six-Figure Earners | 41.0% | 19.3% | 13.9% |
| $200k+ Households | 38.3% | 18.5% | 13.2% |
The median household income in Redmond is about 63% higher than in Washington. Income has been growing slower in Redmond (5.4%/yr) than in Washington (5.6%/yr).
About 41% of adults in Redmond earn six figures ($100,000 or more) a year, higher than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Redmond, Washington grew by 86.2% from 2009 to 2024, reaching $160,130 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Redmond
| Metric | Redmond | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.534 | 0.552 |
| Male Median Income | $133,589 | $86,137 | $69,667 |
| Female Median Income | $109,646 | $68,506 | $56,850 |
| Gender Pay Gap | 17.9% | 20.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Redmond, it is 0.490, lower than Washington's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Redmond, Washington. Over a 35-year career, a 22% wage gap accumulates to roughly $838,005 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Redmond, Washington has narrowed from about 38% to 18% in 2024. Over that period the gap was widest at 45% in 2013. In dollar terms, the gap has narrowed by $7,526 since 2009.
Employment
| Metric | Redmond | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.0% | 5.2% |
| Working from Home | 37.8% | 19.8% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 2,049 people are unemployed in Redmond, Washington.
The average commute time in Redmond is 18 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Redmond, Washington has fallen from 5.1% to 4.9% in 2024. Over that period the rate peaked at 6.0% in 2013 and fell as low as 3.4% in 2019.
Redmond, WA Wealth Compared With Nearby Cities
Redmond, WA is the 3rd largest of the 5 cities compared here, 71,994 residents against a local median of 56,084. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Redmond, WA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 10% above the local median at 4.9% against 4.4%. Redmond, WA has the 4th lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Redmond, WA | 71,994 | $160,130 #4/5 | 5.4%/yr #3/5 | 4.9% #4/5 | 0.490 #2/5 |
| Cottage Lake, WA | 24,620 | $200,961 | 5.1%/yr | 3.7% | 0.516 |
| Union Hill-Novelty Hill, WA | 23,529 | $184,178 | 5.2%/yr | 6.4% | 0.519 |
| Bellevue, WA | 149,047 | $166,003 | 6.5%/yr | 4.2% | 0.504 |
| Kirkland, WA | 87,547 | $152,899 | 5.6%/yr | 4.6% | 0.485 |
Conclusion
Considering all these factors, Redmond, Washington has an overall wealth index grade of A+, making it notably better than Washington, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Redmond, Washington.
How Rich Is Redmond, Washington?
Redmond has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $160,130, about 63% higher than the Washington average of $98,224.
How has median household income changed in Redmond, Washington?
Between 2009 and 2024, the median household income in Redmond, Washington rose 86%, from $85,979 to $160,130. Over the same years, income here outpaced Washington as a whole: +86% against +73%.
What was the median household income in Redmond in 2023?
In 2023, the median household income in Redmond, Washington was $160,011, up 6% from $151,461 in 2022. The Washington median that year was $95,216.
What was the median household income in Redmond in 2020?
In 2020, the median household income in Redmond, Washington was $128,634. By 2024 it had risen 24% to $160,130.
Is Redmond, Washington a high-income area?
Yes. 41% of adults in Redmond, Washington earn $100,000 or more a year (about 1 in 2), against 19% (about 1 in 5) in Washington. 38% of households have a combined income of $200,000 or more, compared with 18% in Washington.
What is the Gini coefficient in Redmond, Washington?
The Gini coefficient in Redmond is 0.490. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Redmond, Washington?
Since 2009, the income gap between men and women in Redmond, Washington has narrowed from about 38% to 18% in 2024. Over that period the gap was widest at 45% in 2013. In dollar terms, the gap has narrowed by $7,526 since 2009.
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