Tacoma city, WA

ZIP 98404 — Economy & Jobs

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

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Tacoma city, WA (98404)

Median Income

$79,562

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,924

Wealth inflow

Population

35,829

Unemployment

5.3%

1.6pp above US avg

IRS migration statistics show a net inflow of about 1,924 for ZIP 98404 (Tacoma 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

5.3%+44% vs US avg

Self-Employed

2.5%-59% vs US avg

SNAP Benefits

25.4%+117% vs US avg

393

Establishments

5,446

Employees

~14 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

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

Occupation

Industry

Agriculture, forestry, mining1.0%
Construction10.5%
Manufacturing10.4%
Wholesale trade3.2%
Retail trade12.9%
Transportation, utilities7.6%
Information1.3%
Finance, insurance, real estate4.5%
Professional, scientific, management9.2%
Education, health care, social19.3%
Arts, entertainment, food services8.8%
Other services5.4%
Public administration5.8%

Household Income

Historical Trends in 98404 (2020–Present)

Since 2020, population declined 2.5%, median income rose 16.9% (inflation-adjusted), home values increased 30.9%.

Median Income

$79,562

+6% vs US avg

Unemployment Rate