Spokane Valley, Washington Income Statistics
Spokane Valley 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
Spokane Valley Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spokane Valley | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,861 | $98,224 | $80,455 |
| Median Personal Income | $53,391 | $73,370 | $60,758 |
| Average Yearly Income Growth | 6.0% | 5.6% | 4.8% |
| Six-Figure Earners | 8.4% | 19.3% | 13.9% |
| $200k+ Households | 6.6% | 18.5% | 13.2% |
The median household income in Spokane Valley is about 25% lower than in Washington. Income has been growing faster in Spokane Valley (6.0%/yr) than in Washington (5.6%/yr).
About 8% of adults in Spokane Valley 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 Spokane Valley, Washington grew by 70.5% from 2009 to 2024, reaching $73,861 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Spokane Valley
| Metric | Spokane Valley | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.534 | 0.552 |
| Male Median Income | $63,317 | $86,137 | $69,667 |
| Female Median Income | $51,952 | $68,506 | $56,850 |
| Gender Pay Gap | 18.0% | 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 Spokane Valley, it is 0.503, 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 22% more than women's income in Spokane Valley, Washington. Over a 35-year career, a 22% wage gap accumulates to roughly $397,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spokane Valley, Washington has narrowed from about 24% to 18% in 2024. Over that period the gap was narrowest at 15% in 2020. In dollar terms, the gap has widened by $1,589 since 2009.
Employment
| Metric | Spokane Valley | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.0% | 5.2% |
| Working from Home | 14.1% | 19.8% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 2,375 people are unemployed in Spokane Valley, Washington.
The average commute time in Spokane Valley is 18 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spokane Valley, Washington has fallen from 10.0% to 5.0% in 2024. Over that period the rate peaked at 10.7% in 2013.
Conclusion
Considering all these factors, Spokane Valley, Washington has an overall wealth index grade of C, making it somewhat worse than Washington, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Spokane Valley, Washington.
How Rich Is Spokane Valley, Washington?
Spokane Valley 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 $73,861, about 25% lower than the Washington average of $98,224.
How has median household income changed in Spokane Valley, Washington?
Between 2009 and 2024, the median household income in Spokane Valley, Washington rose 71%, from $43,316 to $73,861. Over the same years, income here lagged behind Washington as a whole: +71% against +73%.
What was the median household income in Spokane Valley in 2023?
In 2023, the median household income in Spokane Valley, Washington was $70,003, up 6% from $65,917 in 2022. The Washington median that year was $95,216.
What was the median household income in Spokane Valley in 2020?
In 2020, the median household income in Spokane Valley, Washington was $55,432. By 2024 it had risen 33% to $73,861.
What is the Gini coefficient in Spokane Valley, Washington?
The Gini coefficient in Spokane Valley is 0.503. 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 Spokane Valley, Washington?
Since 2009, the income gap between men and women in Spokane Valley, Washington has narrowed from about 24% to 18% in 2024. Over that period the gap was narrowest at 15% in 2020. In dollar terms, the gap has widened by $1,589 since 2009.
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