Cost of Living in Bainbridge Island, WA

With a cost of living index of 189, Bainbridge Island, WA is one of the most expensive cities in the United States. Living here is 89% more expensive than the national average and 70% above the Washington state average of 119. Bainbridge Island is a smaller community of 24,607 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Bainbridge Island's cost of living. The median monthly rent is $2,081 (58% above the US median of $1,319), and the median home value sits at $1,076,200 (253% above the national median of $304,900). At current prices, the median home costs roughly 6.7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Bainbridge Island is $159,882, which is 113% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Bainbridge Island. The area sees an average annual temperature of 53.2°F, with summers averaging 65°F and winters around 43°F. Annual rainfall totals 37.8 inches spread over roughly 163 days.

Everyday prices in the Bremerton-Silverdale-Port Orchard, WA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.