Zip 98051 (Ravensdale, WA) Economy


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Ravensdale, WA 98051 is a small community located in King County. It has an approximate population of 3,000 people and is known for its scenic views and outdoor activities. The median two bedroom rent in Ravensdale is $2,060, which is higher than the US median two bedroom rent of $1,430. Additionally, the Grocery Cost Index in Ravensdale is 105 versus 100 in the US. This means that groceries cost slightly more in Ravensdale than they do nationally on average.
The area offers plenty of amenities for residents; local companies include All Service Glass LLC, DooDah's Ice Cream & Espresso Bar, and Tusslewood Creek Llama Farm. All Service Glass LLC provides installation services for windows for residential and commercial buildings while DooDah's Ice Cream & Espresso Bar offers sweet treats like ice cream and espresso drinks to enjoy with friends or family. Finally, Tusslewood Creek Llama Farm allows visitors to take a tour of their facility where they can learn about llamas and even adopt one if they choose!

Ravensdale (zip 98051) has an unemployment rate of 5.4%. The US average is 6.0%.

Ravensdale (zip 98051) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.

Tax Rates for Ravensdale (zip 98051)
- The Sales Tax Rate for Ravensdale (zip 98051) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Ravensdale (zip 98051) 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 Ravensdale (zip 98051)
- The average income of a Ravensdale (zip 98051) resident is $39,919 a year. The US average is $37,638 a year.
- The Median household income of a Ravensdale (zip 98051) resident is $98,049 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRavensdale, WashingtonUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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