Olympia, Washington Income Statistics
Olympia Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Olympia Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Olympia | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,402 | $98,224 | $80,455 |
| Median Personal Income | $70,568 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.0% | 5.6% | 4.8% |
| Six-Figure Earners | 14.6% | 19.3% | 13.9% |
| $200k+ Households | 9.6% | 18.5% | 13.2% |
The median household income in Olympia is about 16% lower than in Washington. Income has been growing slower in Olympia (5.0%/yr) than in Washington (5.6%/yr).
About 15% of adults in Olympia earn six figures ($100,000 or more) a year, lower than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Olympia, Washington grew by 56.0% from 2009 to 2024, reaching $82,402 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Olympia
| Metric | Olympia | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.534 | 0.552 |
| Male Median Income | $80,011 | $86,137 | $69,667 |
| Female Median Income | $71,140 | $68,506 | $56,850 |
| Gender Pay Gap | 11.1% | 20.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Olympia, it is 0.518, lower than Washington's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Olympia, Washington. Over a 35-year career, a 12% wage gap accumulates to roughly $310,485 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Olympia, Washington has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 22% in 2020, and was narrowest at 10% in 2019. In dollar terms, the gap has narrowed by $8 since 2009.
Employment
| Metric | Olympia | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.0% | 5.2% |
| Working from Home | 25.5% | 19.8% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,945 people are unemployed in Olympia, Washington.
The average commute time in Olympia is 16 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Olympia, Washington has risen from 6.7% to 6.9% in 2024. Over that period the rate peaked at 8.9% in 2014 and fell as low as 5.5% in 2019.
Olympia, WA Wealth Compared With Nearby Cities
How Olympia, WA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Olympia, WA | 51,739 | $82,402 #3/3 | 5.0%/yr #2/3 | 6.9% #3/3 | 0.518 #3/3 |
| Tumwater, WA | 23,169 | $86,749 | 5.0%/yr | 5.9% | 0.494 |
| Lacey, WA | 50,062 | $91,612 | 5.9%/yr | 4.4% | 0.506 |
Conclusion
Considering all these factors, Olympia, Washington has an overall wealth index grade of C, making it about on par with Washington, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Olympia, Washington.
How Wealthy Is Olympia, Washington?
Olympia has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $82,402, about 16% lower than the Washington average of $98,224.
Are incomes growing in Olympia, Washington?
Between 2009 and 2024, the median household income in Olympia, Washington rose 56%, from $52,827 to $82,402. Over the same years, income here lagged behind Washington as a whole: +56% against +73%.
What was the median household income in Olympia in 2023?
In 2023, the median household income in Olympia, Washington was $79,251, up 6% from $74,844 in 2022. The Washington median that year was $95,216.
What was the median household income in Olympia in 2020?
In 2020, the median household income in Olympia, Washington was $63,272. By 2024 it had risen 30% to $82,402.
Is it hard to find a job in Olympia, Washington?
Unemployment in Olympia, Washington is 6.9%, well above the Washington rate of 5.0%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Olympia, Washington?
The Gini coefficient in Olympia is 0.518. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Olympia, Washington?
Since 2009, the income gap between men and women in Olympia, Washington has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 22% in 2020, and was narrowest at 10% in 2019. In dollar terms, the gap has narrowed by $8 since 2009.
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