Why is Bellingham, WA so expensive?

Why is housing so expensive in Bellingham? There was a lag between population growth and home construction . Housing prices are driven by the regional as well as the local economy. Up and down the I-5 corridor, home values have increased as the region attracted high-paying jobs and subsequent population growth.

What is the vacancy rate in Bellingham WA?

Among Bellingham residents, there is a homeowner vacancy rate of 1.5% and a rental vacancy rate of 2.7% from a total of 37,673 units.

How expensive is it to live in Bellingham?

Category Expenditure Housing (Rent / Mortgage) $19,182 Other Housing $11,182 Miscllaneous $33,769 Total Annual Expenditure $108,264 4 more rows

What celebrities live in Bellingham?

Living in Bellingham AeTopus (Bryan Tewell Hughes), electronic music composer and producer (works and resides in Bellingham) Tim Alexander, drummer of the rock band Primus, 1989–1996, 2003–2010, 2013–present. Daniel Anderson, founding member of Idiot Pilot (born in and currently resides in Bellingham) More items...

What is the richest neighborhood in Bellingham WA?

Check Out The Top 10 Most Expensive Neighborhoods To Live In Bellingham: Sunnyland. With a median home price of $755,401 and a median rent of $1,332, Sunnyland is the most expensive neighborhood on our list. ... Sehome. ... Cornwall Park. ... Fairhaven. ... Columbia. ... City Center Bellingham. ... Birchwood. ... Whatcom Falls. More items... Jun 13, 2024

What is a good salary in Bellingham WA?

Bellingham Wa Salary Annual Salary Weekly Pay Top Earners $55,000 $1,057 75th Percentile $52,500 $1,009 Average $49,000 $942 25th Percentile $45,500 $875

What is the living wage in Bellingham WA?

Bellingham's living wage for an individual with no dependents is $23.52 per hour , working full time. For an individual with one dependent the living wage is $41.99 per hour.

What is the average household income in Bellingham WA?

What are the median and average incomes in Bellingham? Y-o-Y Change Average Household Income $80,709 9.7% Median Household Income $59,163 5.3% People below Poverty Level 16,843 -1.7% People above Poverty Level 68,715 0.5%

What is the nice area of Bellingham?

We're often asked about the best neighborhoods in Bellingham. Edgemoor, South Hill, Lake Whatcom and Barkley Village are all popular choices.

Is Bellingham as rainy as Seattle?

Bellingham receives an average annual rainfall of 34.84 inches (885 mm), which is slightly less than nearby Seattle .

Is Bellingham or Seattle more expensive?

The overall cost of living is 20.2% lower in Bellingham than Seattle .

What is a livable wage in Bellingham WA?

Bellingham's living wage for an individual with no dependents is $23.52 per hour , working full time. For an individual with one dependent the living wage is $41.99 per hour. With two dependents, it's $54.84 per hour, and $72.06 with three dependents.

Why are so many people moving to Bellingham?

One of the most compelling reasons to make Bellingham your home is its unparalleled natural beauty . Surrounded by the Salish Sea, the North Cascades, and the lush greenery of the Pacific Northwest, Bellingham offers stunning vistas at every turn.

What is the most expensive area in Washington state?

If you're curious about these communities, Reader's Digest revealed every state's most expensive neighborhood based on ZIP codes. The website said Washington State's priciest neighborhood is 81611, located in the Seattle suburb of Medina .

Cl Bellingham (2024)

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Category	Expenditure
Housing (Rent / Mortgage)	$19,182
Other Housing	$11,182
Miscllaneous	$33,769
Total Annual Expenditure	$108,264

	Annual Salary	Weekly Pay
Top Earners	$55,000	$1,057
75th Percentile	$52,500	$1,009
Average	$49,000	$942
25th Percentile	$45,500	$875

		Y-o-Y Change
Average Household Income	$80,709	9.7%
Median Household Income	$59,163	5.3%
People below Poverty Level	16,843	-1.7%
People above Poverty Level	68,715	0.5%

Cl Bellingham (2024)

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