Buying the median home in Bellevue means financing $1,100,000. Against the area's $140,000 median household income, that works out to a 7.9x price-to-income ratio.
At a 0.9% effective rate, Bellevue property taxes add $825 to the monthly payment on the median home, $9,900 a year in total.
No state income tax in Washington means the $140,000 median household income stretches further than the same salary would in an income-tax state, which matters directly against a $6,987/month payment.
Day-to-day expenses in Bellevue track at 165 against the national 100 baseline, above average once you look past the mortgage payment itself.
Bellevue's median home price runs 41% higher than nearby Seattle: $780,000 there versus $1,100,000 here.