Quick facts: Edmonds, WA

Quick Facts

110.3
Cost of Living
above US average
42,593
Population
28.71
Crime Rate per 1000
above US average
$110,057
Median Income
above US average
$1,175,000
Median House Price
above US average
$2468.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
4.7%
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 $110,057.

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Income Needed to Buy

βœ— Stretch
$369k/year
Based on $1,175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $369k vs median $110,057
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Income Needed to Rent

βœ“ Affordable
$106k/year
Based on $2468.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($110,057) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Edmonds, WA

Edmonds, Washington, is a charming waterfront city located along the Puget Sound, just north of Seattle. Known for its picturesque views, Edmonds boasts a vibrant arts community, with numerous galleries and theaters, along with a bustling downtown area featuring unique boutiques, restaurants, and cafes. The city is famous for its beautiful beaches, such as Edmonds Beach Park and Brackett's Landing, which offer opportunities for swimming, picnicking, and beachcombing. Outdoor enthusiasts can explore numerous parks and hiking trails, including the scenic Willow Creek Park and the expansive Yost Park, which features tranquil forested areas and walking trails. Edmonds is also home to the Edmonds-Kingston Ferry, providing easy access to the Kitsap Peninsula and facilitating travel for both residents and visitors. The city hosts various community events throughout the year, such as the Edmonds Arts Festival and the Edmonds Waterfront Festival, showcasing local talent and culture. With its strong community spirit, rich history, and stunning natural scenery, Edmonds is a delightful place to live or visit, offering a perfect blend of small-town charm and urban amenities.

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