Hoquiam, WA Economy


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Hoquiam, WA is a small city located in the state of Washington. It has a population of 8,726 and is known for its beautiful beaches and outdoor lifestyle. The 2 bedroom rent in Hoquiam is about $1,030 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hoquiam is 96 versus 100 in the US, making it an affordable place to live. There are various local businesses such as Hoquiam Hardware & Building Supply, Coho Coffee Company and several small shops selling organic produce. Hoquiam also has some great restaurants such as The Lighthouse Bar & Grill and Malia's Cafe and Bakery. With its stunning scenery and local amenities, Hoquiam is a great place to live.

Hoquiam has an unemployment rate of 8.8%. The US average is 6.0%.

Hoquiam has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Hoquiam
- The Sales Tax Rate for Hoquiam is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Hoquiam is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hoquiam
- The average income of a Hoquiam resident is $26,932 a year. The US average is $37,638 a year.
- The Median household income of a Hoquiam resident is $44,840 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoquiam, WashingtonUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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