15 Richest Cities in Washington State

By PropertyClub Team
May 9th 2024
With a median household income of $90,325, Washington boasts some of the most affluent communities in the Pacific Northwest. But which cities truly reign supreme in terms of wealth? Dive into our blog to explore the wealthiest cities in Washington State.

hash-mark15 Richest Cities in Washington State

  1. Clyde Hill
  2. Mercer Island
  3. Sammamish
  4. Yarrow Point
  5. Cottage Lake
  6. Snoqualmie
  7. Redmond
  8. Bainbridge Island
  9. Newcastle
  10. Bellevue
  11. Issaquah
  12. Woodinville
  13. Kirkland
  14. Bothell
  15. Seattle

hash-mark1. Clyde Hill

Clyde Hill is the richest city in Washington state. It is known for its stunning views of Lake Washington, Mount Rainier, and the Olympic Mountains. With a population of 3,092, it boasts a median household income exceeding $409,000 and a median home price of $3,977,755.

hash-mark2. Mercer Island

Mercer Island, a city in King County, Washington, is known for its affluent community. With a median household income of $261,547 and a median home price of $2,241,153, it's no surprise that Mercer Island ranks among the wealthiest areas in the state. Despite its small population of 25,748, Mercer Island boasts one of the highest per-capita incomes in Washington, reflecting the prosperity and high standard of living enjoyed by its residents.

hash-mark3. Sammamish

Sammamish is the third richest city in Washington state. It is nestled 20 miles east of Seattle, offering residents a tranquil escape from city life. With a population of 67,455, it boasts a median household income of $215,047 and a median home price of $1,604,612. The city offers residents ample green space with ten parks to enjoy outdoor activities and leisure.

hash-mark4. Yarrow Point

Yarrow Point, ranked number 4 among the wealthiest cities in Washington, spans around 231 acres with 4.32 miles of streets. It boasts approximately 405 homes, where about 1,134 people reside. The median household income here stands at $187,500, while the median home price is a staggering $4,243,007.

hash-mark5. Cottage Lake

Next on our list of richest cities in Washington is Cottage Lake, a census-designated place (CDP) in King County. With a median household income of $186,402 and a median home price of $861,579, it's no wonder it attracts attention. Despite its small population of 23,233, it's considered the fastest-growing suburb in America.

hash-mark6. Snoqualmie

Snoqualmie is another rich city in Washington, known for the amazing Snoqualmie Falls. Around 14,121 people call it home. People here earn about $186,353 per household, and homes cost around $1,076,408. Snoqualmie also hosts the Boeing Classic, a big golf tournament on the PGA Tour Champions.

hash-mark7. Redmond

Redmond, ranked seventh on our list, is famous as the headquarters of Microsoft and Nintendo of America. With a population of about 77,490, it boasts a median household income of $155,287 and a median home price of $1,354,280. Redmond offers a high quality of life, featuring good schools, a robust economy, and a well-maintained parks system.

hash-mark8. Bainbridge Island

Bainbridge Island is a peaceful place, just a short 35-minute ferry ride away from Seattle. With a population of 24,494, it offers stunning views of the snow-capped Olympic Mountains in the west and majestic Mount Rainier in the east. The median household income here is $151,290, and the median home price stands at $1,190,552.

hash-mark9. Newcastle

Newcastle, a small residential community nestled between Bellevue, Renton, and Issaquah in the Seattle area, was once a thriving coal mining town in northwestern Washington before Washington became a state. Now, it stands as one of the richest cities in the region. With a median household income of $151,007 and a median home price of $1,305,782, Newcastle boasts a population of 12,902 residents.

hash-mark10. Bellevue

Bellevue, number ten on our list, is the fifth largest city in Washington. Around 154,600 people call it home. The median household income is $149,551, and the median home price is $1,433,982. It's the high-tech and retail hub of the Eastside, bustling with over 160,000 jobs and a downtown skyline filled with shiny skyscrapers.

hash-mark11. Issaquah

Issaquah, nicknamed Trailhead City, is a vibrant community nestled in the heart of Washington state. With a population of 39,344, it boasts a strong economy, with a median household income of $143,006 and a median home price of $1,121,747. 

Notably, it is home to the headquarters of the multinational retail company Costco Wholesale Corporation. Each October, Issaquah comes alive as more than 150,000 visitors flock to the city for the annual Salmon Days celebration, showcasing its rich cultural heritage and community spirit.

hash-mark12. Woodinville

Next on our list of richest cities in Washington is Woodinville. With a median household income of $142,500 and a median home price of $1,326,267, it's home to a population of 13,069. Woodinville charms with its waterfront parks along the Sammamish River, vast winery and brewery grounds, and lush wooded areas.

hash-mark13. Kirkland

Kirkland is a suburb just east of Seattle. It's home to about 92,151 people. People there usually make around $135,608 in their households. If you want to buy a house, it might cost you about $1,205,929. Kirkland's downtown waterfront is lively, with lots of restaurants, art galleries, and a performing arts center for entertainment.

hash-mark14. Bothell

Located in the heart of Washington, Bothell is the penultimate city on our list. It's a place where you can enjoy fantastic parks, top-notch schools, yummy restaurants, and cool shops. With a median household income of $127,944, folks here live comfortably. 

The median home price is $1,053,100, but the community of 49,017 residents makes it feel cozy. Bothell thrives in industries like biotech and biomedical, making it a hub for innovation and progress.

hash-mark15. Seattle

Seattle, the biggest city in Washington, is snugly nestled between Puget Sound and Lake Washington. It's the 15th richest city in Washington, with a median household income of $116,068 and a median home price of $879,412. With a population of 737,015, it's a bustling hub of activity. Notably, Microsoft calls this region home, having set up its headquarters here.