Zip 98117 (Seattle, WA) Economy


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98117 Seattle, WA is a great place to live. The 2 bedroom rent for this area is $2,490 which is much higher than the US average of $1,430. This makes sense due to local businesses such as Amazon and Microsoft that can drive up rent prices by creating more job opportunities in the area. Additionally, grocery costs are also higher with an index of 109 versus 100 in the US. This higher cost of living reflects the convenience of being close to excellent job opportunities and other necessary services which make 98117 Seattle a great place to call home.

Seattle (zip 98117) has an unemployment rate of 4.8%. The US average is 6.0%.

Seattle (zip 98117) 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 98117)
- The Sales Tax Rate for Seattle (zip 98117) is 10.1%. The US average is 7.3%.
- The Income Tax Rate for Seattle (zip 98117) 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 98117)
- The average income of a Seattle (zip 98117) resident is $45,900 a year. The US average is $28,555 a year.
- The Median household income of a Seattle (zip 98117) resident is $146,887 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%
  $74,563$37,638
  $146,887$69,021
  $180,033$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  5.2%6.8%
  5.6%10.0%
  2.1%2.5%
  11.5%11.0%
  3.1%4.8%
  0.5%0.8%
  5.4%1.9%
  3.4%4.7%
  1.9%1.9%
  21.0%7.6%
  0.3%0.1%
  2.3%4.2%
  11.0%9.3%
  11.6%14.0%
  2.0%2.1%
  4.3%7.0%
  4.8%4.8%
  3.6%4.7%
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Ballard has an unusually mild climate in Seattle due to its proximity to Puget Sound. Even when it is raining inland like Bellevue, Redmond, Kirkland, it can be sunny  More

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