Olympia, Washington (98506) is a great place to live for those looking for affordable housing. The average two bedroom rent in Olympia is only $1,250 compared to the national average of $1,430. Furthermore, grocery costs are relatively low with an index of 101 compared to the US index of 100. That means consumers in Olympia enjoy 1% more buying power than other cities across the nation.
Olympia is home to many great local companies and attractions including the Hands On Children's Museum, Oly Arts Magazine, Capital City Lanes Bowling Center and Renegade Brewing Company which all contribute to the vibrant community. Other businesses that have called Olympia home for many years include SDS Lumber Company, South Sound Running and Marianos Fireworks. With such a variety of businesses in one small area it’s no wonder that residents of Olympia love calling this city their home.
Olympia (zip 98506) has an unemployment rate of 5.6%. The US average is 6.0%.
Olympia (zip 98506) has seen the job market decrease by -2.3% 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 98506)
- The Sales Tax Rate for Olympia (zip 98506) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Olympia (zip 98506) 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 98506)
- The average income of a Olympia (zip 98506) resident is $44,416 a year. The US average is $37,638 a year.
- The Median household income of a Olympia (zip 98506) resident is $79,833 a year. The US average is $69,021 a year.