Seattle city, WA

ZIP 98118 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Seattle city, WA (98118)

Median Income

$109,085

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,662

Wealth inflow

Population

49,560

Unemployment

3.3%

0.4pp below US avg

IRS migration statistics show a net inflow of about 2,662 for ZIP 98118 (Seattle city, WA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.3%-11% vs US avg

Self-Employed

2.6%-57% vs US avg

SNAP Benefits

14.5%+24% vs US avg

966

Establishments

8,751

Employees

~9 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.7%
Construction3.6%
Manufacturing7.1%
Wholesale trade1.2%
Retail trade10.1%
Transportation, utilities6.1%
Information4.1%
Finance, insurance, real estate4.7%
Professional, scientific, management20.1%
Education, health care, social24.0%
Arts, entertainment, food services9.3%
Other services5.6%
Public administration3.4%

Household Income

Historical Trends in 98118 (2020–Present)

Since 2020, population declined 0.3%, median income rose 8.3% (inflation-adjusted), home values increased 10.9%.

Median Income

$109,085

+45% vs US avg

Unemployment Rate