Zip 98118 (Seattle, WA) Economy


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The Seattle neighborhood of 98118 is a bustling area with plenty of amenities to enjoy. Rent for a two-bedroom apartment in the area is $2,100, which is roughly 46 percent higher than the national average of $1,430. The cost of groceries in the area is also higher than the national average, with an index reading of 106 compared to 100 in the US.
Local businesses and amenities in 98118 include popular restaurants like Big Mario's Pizza, Japonessa Sushi Restaurant & Bar, and Musang. There are also plenty of retail stores and outdoor attractions such as Woodland Park Zoo, Gasworks Park, and Golden Gardens Beach Park. All these places provide visitors to the 98118 neighborhood with lots of activities and entertainment options.

Seattle (zip 98118) has an unemployment rate of 4.8%. The US average is 6.0%.

Seattle (zip 98118) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.

Tax Rates for Seattle (zip 98118)
- The Sales Tax Rate for Seattle (zip 98118) is 10.1%. The US average is 7.3%.
- The Income Tax Rate for Seattle (zip 98118) 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 Seattle (zip 98118)
- The average income of a Seattle (zip 98118) resident is $27,319 a year. The US average is $28,555 a year.
- The Median household income of a Seattle (zip 98118) resident is $94,790 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySeattle, WashingtonUnited States
  4.86
  -5.2%-6.2%
  43.8%33.5%
  10.1%6.2%
  0.0%4.6%
  $48,632$37,638
  $94,790$69,021
  $113,606$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  3.8%6.8%
  8.4%10.0%
  1.3%2.5%
  9.7%11.0%
  5.6%4.8%
  0.7%0.8%
  3.1%1.9%
  2.2%4.7%
  1.9%1.9%
  14.2%7.6%
  0.8%0.1%
  4.6%4.2%
  9.3%9.3%
  14.2%14.0%
  2.5%2.1%
  8.2%7.0%
  5.0%4.8%
  4.1%4.7%
Health