Zip 98851 (Soap Lake, WA) Economy


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Soap Lake, Washington is a small town located in Grant County. The population of 98851 inhabitants have access to a variety of amenities including local businesses, schools, and landmarks. The average two-bedroom rent in Soap Lake is $1,000 which is lower than the national average of $1,430. Grocery cost index in Soap Lake is 95 compared to 100 across the US. Local businesses in Soap Lake include Holmberg Farms Market & Deli, Farmers Insurance - Jessie Huebner Agency, and Elite Home Maintenance & Construction LLC. Schools within Soap Lake include Grand Coulee Dam School District and Harbor Christian Academy. Popular area landmarks include Alexander's Porch Winery & Vineyard and Moses Coulee State Park.

Soap Lake (zip 98851) has an unemployment rate of 7.1%. The US average is 6.0%.

Soap Lake (zip 98851) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.

Tax Rates for Soap Lake (zip 98851)
- The Sales Tax Rate for Soap Lake (zip 98851) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Soap Lake (zip 98851) 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 Soap Lake (zip 98851)
- The average income of a Soap Lake (zip 98851) resident is $22,991 a year. The US average is $28,555 a year.
- The Median household income of a Soap Lake (zip 98851) resident is $59,443 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySoap Lake, WashingtonUnited States
  7.16
  -1.6%-6.2%
  26.9%33.5%
  7.9%6.2%
  0.0%4.6%
  $25,341$37,638
  $59,443$69,021
  $70,568$85,028
  Population by Occupation
  19.8%1.2%
  0.0%0.5%
  6.5%6.8%
  3.2%10.0%
  0.6%2.5%
  11.9%11.0%
  6.1%4.8%
  4.7%0.8%
  1.0%1.9%
  3.1%4.7%
  2.1%1.9%
  1.3%7.6%
  0.0%0.1%
  2.3%4.2%
  6.4%9.3%
  12.3%14.0%
  1.2%2.1%
  7.2%7.0%
  5.0%4.8%
  5.2%4.7%
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