Economy in Olympia, Washington

Olympia is a city located in Washington state USA, and it offers many great amenities for its residents. The median two-bedroom rent in Olympia is $1,460, which is slightly higher than the US average of $1,430. In addition to housing costs, the Grocery Cost Index in Olympia is 101 versus 100 in the US, suggesting that grocery items in Olympia tend to have a slightly higher cost than those nationwide. \nThe city of Olympia serves as an attractive destination for businesses due to its access to resources such as timber and water. Major companies based out of Olympia include Tumwater Trucking Company, South Puget Sound Community College and Olympia Federal Savings & Loan Association. Despite having slightly higher living costs than other areas across the US, the city of Olympia has a vibrant economy and offers many opportunities for employment.

Olympia has an unemployment rate of 5.6%. The US average is 6.0%.

Olympia has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.

Tax Rates for Olympia
- The Sales Tax Rate for Olympia is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Olympia 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 Olympia
- The average income of a Olympia resident is $30,206 a year. The US average is $28,555 a year.
- The Median household income of a Olympia resident is $67,975 a year. The US average is $69,021 a year.