Homes for Sale in Downtown Bellevue, Bellevue, WA

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How Much Does it Cost to Live in Bellevue?

Bellevue, Washington, nestled on the eastern shore of Lake Washington, is renowned for its stunning views, thriving job market, and exceptional quality of life. However, with such appeal comes a cost. Let’s delve into what it takes to live comfortably in this vibrant city.

1. Housing: Bellevue's real estate market is competitive, and housing costs are significant. The median home price hovers around $1.2 million. Renters can expect to pay an average of $2,400 per month for a one-bedroom apartment. The city offers a mix of housing options, from high-end condos to cozy family homes.

2. Utilities: Utilities for a standard 915-square-foot apartment average around $150 per month, covering electricity, heating, cooling, water, and garbage services.

3. Transportation: Bellevue promotes eco-friendly transportation, with an excellent public transit system. A monthly pass for public transportation costs approximately $100. If you own a car, be prepared for costs like gas, insurance, and parking, which add up to about $250 monthly.

4. Groceries: A typical grocery bill for a family of four can range from $800 to $1,000 per month, depending on dietary choices and shopping habits.

5. Healthcare: Bellevue is home to world-class medical facilities. Health insurance premiums for a family can cost around $1,500 monthly, with additional out-of-pocket expenses depending on your plan.

6. Education: Bellevue boasts excellent public and private schools. The cost of private education can vary widely, starting from $10,000 annually for preschool and going up significantly for higher grades.

7. Entertainment and Dining: Bellevue offers a range of entertainment options, from movies to fine dining. A night out for two at a mid-range restaurant might cost around $70-$80, excluding drinks. Entertainment expenses can add up, depending on your lifestyle choices.

8. Miscellaneous: Budgeting for miscellaneous expenses, including clothing, personal care, and unexpected costs, is crucial. An average monthly budget for these expenses could range from $300 to $500.

Living in Bellevue offers an unparalleled quality of life but comes at a price. The cost of living reflects the city’s amenities, job opportunities, and excellent schools. Planning your budget carefully is essential to enjoy all that this remarkable city has to offer without financial strain.