Olympia, WA 98516 is a popular place to live in the Pacific Northwest due to its close proximity to Seattle and many outdoor recreation activities. The average 2 bedroom rent in Olympia is $1,740 while the US average is $1,430. Grocery cost index is also higher in Olympia than in the US; coming in at 102 versus 100. With a higher cost of living than other parts of Washington State, there are still plenty of local companies here that help make it more affordable. Popular employers include Providence Health & Services, The Evergreen State College, and Capital Medical Center. You can also find lower priced grocery stores like Safeway and Fred Meyer for all your needs.
Olympia (zip 98516) has an unemployment rate of 6.6%. The US average is 6.0%.
Olympia (zip 98516) 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 43.4%, which is higher than the US average of 33.5%.
Tax Rates for Olympia (zip 98516)
- The Sales Tax Rate for Olympia (zip 98516) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Olympia (zip 98516) 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 98516)
- The average income of a Olympia (zip 98516) resident is $34,513 a year. The US average is $28,555 a year.
- The Median household income of a Olympia (zip 98516) resident is $85,437 a year. The US average is $69,021 a year.