Hoquiam, WA is a charming city of 9,850 with a low cost of living. The two bedroom rent for the area is $1,020 which is substantially lower than the national average of $1,430. Additionally,the Grocery Cost Index in Hoquiam is 96 versus 100 that is seen nationally.
Hoquiam is full of local businesses that promote community and growth in the area. Notable companies include Thomas Logging, Grays Harbor Paper Co., Quigg Brothers Inc., and Pioneer Lumber Co. These companies employ many local citizens and continue to promote stable economic growth in Hoquiam.
Hoquiam (zip 98550) has an unemployment rate of 8.8%. The US average is 6.0%.
Hoquiam (zip 98550) 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 (zip 98550)
- The Sales Tax Rate for Hoquiam (zip 98550) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Hoquiam (zip 98550) 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 (zip 98550)
- The average income of a Hoquiam (zip 98550) resident is $28,164 a year. The US average is $37,638 a year.
- The Median household income of a Hoquiam (zip 98550) resident is $48,361 a year. The US average is $69,021 a year.