Zip 98501 (Olympia, WA) Economy


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Olympia, WA is a great city to live in. The 98501 zip code has an average two-bedroom rent of $1,480, which is slightly higher than the U.S. average of $1,430. Grocery costs are also slightly higher in Olympia, WA with a Grocery Cost Index of 101 versus the national 100. Employment opportunities are abundant in Olympia as there are many local companies that offer jobs such as Tumwater School District, Capital Medical Center, State Farm Insurance Companies, Providence Health and Services and Nisqually Indian Tribe. These employers provide a wide variety of positions for residents who wish to work in Olympia.

Olympia (zip 98501) has an unemployment rate of 5.6%. The US average is 6.0%.

Olympia (zip 98501) 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 (zip 98501)
- The Sales Tax Rate for Olympia (zip 98501) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Olympia (zip 98501) 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 (zip 98501)
- The average income of a Olympia (zip 98501) resident is $33,666 a year. The US average is $28,555 a year.
- The Median household income of a Olympia (zip 98501) resident is $84,353 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOlympia, WashingtonUnited States
  5.66
  -2.3%-6.2%
  42.5%33.5%
  8.9%6.2%
  0.0%4.6%
  $40,217$37,638
  $84,353$69,021
  $102,143$85,028
  Population by Occupation
  1.3%1.2%
  0.1%0.5%
  7.6%6.8%
  3.0%10.0%
  1.3%2.5%
  8.6%11.0%
  3.2%4.8%
  0.5%0.8%
  1.6%1.9%
  4.7%4.7%
  1.8%1.9%
  6.7%7.6%
  0.0%0.1%
  2.7%4.2%
  10.1%9.3%
  13.6%14.0%
  2.4%2.1%
  5.4%7.0%
  5.2%4.8%
  20.0%4.7%
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