Zip 98402 (Tacoma, WA) Economy


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Tacoma, WA is a great place to live with an estimated population of 211,277 according to the 2019 US Census. The average two bedroom rent in Tacoma is $1,610 compared to the US average of $1,430. Grocery costs are slightly higher than the US average as well at 101 compared to 100 on a cost index basis. There are lots of options for housing in this city including several rental companies such as Tacoma Housing Authority, Rentals WA and Apartment Finders. Additionally there are plenty of local businesses and amenities such as Tacoma Mall, Murray Morgan Bridge Park and Chambers Bay Golf Course that make it a desirable place to live.

Tacoma (zip 98402) has an unemployment rate of 7.3%. The US average is 6.0%.

Tacoma (zip 98402) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Tacoma (zip 98402)
- The Sales Tax Rate for Tacoma (zip 98402) is 10.1%. The US average is 7.3%.
- The Income Tax Rate for Tacoma (zip 98402) 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 Tacoma (zip 98402)
- The average income of a Tacoma (zip 98402) resident is $43,726 a year. The US average is $37,638 a year.
- The Median household income of a Tacoma (zip 98402) resident is $55,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTacoma, 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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