01 - Taxes
Retirement Tax Treatment
Washington levies no state income tax, so Social Security, pension, and retirement account withdrawals are fully exempt at the state level.
Source · Tax Foundation
79
Fact text
- The entire city of Bainbridge Island IS the island, city limits cover every square inch of it.
- A 3,000-foot-thick glacier carved out Puget Sound around the island roughly 13,000 years ago, which feels like a lot of effort.
- The island's highest point is a 425-foot hill delightfully named Toe Jam Hill.
- Every February, cyclists brave the island's hills for a ride called the Chilly Hilly, the name alone earns points.
- The ferry ride from Bainbridge Island to downtown Seattle takes just 35 minutes, making it one of the most scenic commutes in America.
Your
Bainbridge Island
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
24,859
+
Total Population
$
125,861
Median Income
$
783,600
Median Home
26
%
Age 65+
Retirement Suitability
How
Bainbridge Island
ranks for retirees?
59
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
79
Affordability
14
Healthcare
82
Climate
45
Results
Bainbridge Island
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
14
03 - Healthcare
Hospital Access & Quality
The area has
1
Medicare-certified hospitals, averaging a
4
/5 CMS quality rating.
Source · CMS Hospital Compare
4
04 - Climate
Weather & Comfort
A
Temperate
climate — summers peak near
74
°F, winters dip to about
35
°F, with roughly
4
″ of snow a year.
Source · NOAA Climate Normals
Temperate
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively Moderate
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Frequently Asked Questions
Does Washington state tax my Social Security or pension income in retirement?
Washington has no state income tax, which means Social Security benefits, pension payments, and retirement account withdrawals face no state-level taxation. This can meaningfully stretch a fixed retirement income. Retirees on Bainbridge Island keep their full federal distributions without any additional Washington state deduction, making the tax environment relatively straightforward for retirement planning purposes.
What is the cost of housing like on Bainbridge Island for someone thinking about retiring there?
Housing on Bainbridge Island is expensive. The median home value is $783,600, reflecting a well-established, affluent community where more than a quarter of residents are already 65 or older. Anyone planning a retirement move here should factor elevated housing costs into their long-term budget, as real estate prices are well above national averages.
Is there a hospital near Bainbridge Island that accepts Medicare?
One Medicare-certified hospital serves the Bainbridge Island area, and it holds a 4.0 out of 5 star rating from the Centers for Medicare and Medicaid Services. That rating reflects a solid quality benchmark. Retirees relying on Medicare should confirm which specific services are available locally, as a single facility may have limitations in specialty care.
What is the weather like on Bainbridge Island, and are there major natural disaster risks to know about?
Bainbridge Island has a temperate climate with mild summers averaging around 74°F and winters that stay above freezing, dipping to about 35°F. Annual snowfall averages roughly 4 inches. FEMA classifies the county’s overall natural-disaster risk as Relatively Moderate on its National Risk Index, so extreme weather events are not absent but are not among the highest-risk categories nationally.
Why do retirees on Bainbridge Island consider a multi-year guaranteed annuity for steady income?
More than a quarter of Bainbridge Island’s roughly 24,859 residents are 65 or older, and Washington’s lack of a state income tax means retirement withdrawals face no state-level bite — making predictable income especially efficient here. A multi-year guaranteed annuity locks in a fixed interest rate for a set term, so essential expenses stay covered regardless of market swings. Specific rates shift frequently, so check our current annuity rates page for today’s figures.