Zip 98407 (Tacoma, WA) Economy


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The city of 98407 Tacoma, WA offers an average two-bedroom rental cost of $1,830 and a grocery cost index at 102 compared to the US average. The city is well-known for its historical attractions such as Mt. Rainier National Park and Point Defiance Park. It also has many local businesses including Allenmore Golf Course, Harmon Tap Room & Brewery, and the Tacoma Dome. Tacoma prides itself on its cultural diversity and small business community which makes it a great place to live.

Tacoma (zip 98407) has an unemployment rate of 7.3%. The US average is 6.0%.

Tacoma (zip 98407) has seen the job market increase by 1.8% 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 98407)
- The Sales Tax Rate for Tacoma (zip 98407) is 10.1%. The US average is 7.3%.
- The Income Tax Rate for Tacoma (zip 98407) 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 98407)
- The average income of a Tacoma (zip 98407) resident is $40,518 a year. The US average is $28,555 a year.
- The Median household income of a Tacoma (zip 98407) resident is $94,912 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTacoma, WashingtonUnited States
  7.36
  -2.9%-6.2%
  39.9%33.5%
  10.1%6.2%
  0.0%4.6%
  $55,452$37,638
  $94,912$69,021
  $114,761$85,028
  Population by Occupation
  0.5%1.2%
  0.1%0.5%
  4.6%6.8%
  9.4%10.0%
  2.9%2.5%
  7.8%11.0%
  5.8%4.8%
  0.4%0.8%
  0.9%1.9%
  4.2%4.7%
  1.8%1.9%
  6.3%7.6%
  0.0%0.1%
  1.9%4.2%
  13.6%9.3%
  19.7%14.0%
  2.6%2.1%
  6.1%7.0%
  4.2%4.8%
  7.3%4.7%
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