Tacoma, Washington Income Statistics
Tacoma 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
Tacoma Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Tacoma | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,727 | $98,224 | $80,455 |
| Median Personal Income | $65,652 | $73,370 | $60,758 |
| Average Yearly Income Growth | 6.1% | 5.6% | 4.8% |
| Six-Figure Earners | 15.4% | 19.3% | 13.9% |
| $200k+ Households | 11.8% | 18.5% | 13.2% |
The median household income in Tacoma is about 12% lower than in Washington. Income has been growing faster in Tacoma (6.1%/yr) than in Washington (5.6%/yr).
About 15% of adults in Tacoma 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 Tacoma, Washington grew by 84.4% from 2009 to 2024, reaching $86,727 in 2024. That's an average of about 6.1% per year.
Income Inequality and the Gender Pay Gap in Tacoma
| Metric | Tacoma | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.534 | 0.552 |
| Male Median Income | $74,641 | $86,137 | $69,667 |
| Female Median Income | $66,576 | $68,506 | $56,850 |
| Gender Pay Gap | 10.8% | 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 Tacoma, it is 0.526, 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 Tacoma, Washington. Over a 35-year career, a 12% wage gap accumulates to roughly $282,275 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tacoma, Washington has narrowed from about 14% to 11% in 2024. Over that period the gap was widest at 18% in 2012, and was narrowest at 9% in 2020. In dollar terms, the gap has widened by $1,548 since 2009.
Employment
| Metric | Tacoma | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.0% | 5.2% |
| Working from Home | 16.0% | 19.8% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 6,496 people are unemployed in Tacoma, Washington.
The average commute time in Tacoma is 22 minutes, about the same as in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tacoma, Washington has fallen from 10.5% to 5.4% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 4.8% in 2020.
Conclusion
Considering all these factors, Tacoma, 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 Tacoma, Washington.
How Rich Is Tacoma, Washington?
Tacoma 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 $86,727, about 12% lower than the Washington average of $98,224.
How has median household income changed in Tacoma, Washington?
Between 2009 and 2024, the median household income in Tacoma, Washington rose 84%, from $47,033 to $86,727. Over the same years, income here outpaced Washington as a whole: +84% against +73%.
What was the median household income in Tacoma in 2023?
In 2023, the median household income in Tacoma, Washington was $85,014, up 7% from $79,422 in 2022. The Washington median that year was $95,216.
What was the median household income in Tacoma in 2020?
In 2020, the median household income in Tacoma, Washington was $65,642. By 2024 it had risen 32% to $86,727.
What is the Gini coefficient in Tacoma, Washington?
The Gini coefficient in Tacoma is 0.526. 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 Tacoma, Washington?
Since 2009, the income gap between men and women in Tacoma, Washington has narrowed from about 14% to 11% in 2024. Over that period the gap was widest at 18% in 2012, and was narrowest at 9% in 2020. In dollar terms, the gap has widened by $1,548 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →