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Seattle city, WA
ZIP 98116 — 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 (98116)
Median Income
$130,504
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,509
Wealth inflow
Population
28,091
Unemployment
3.9%
0.2pp above US avg
IRS migration statistics show a net inflow of about 1,509 for ZIP 98116 (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.
Historical Trends in 98116 (2020–Present)
Since 2020, population declined 2.1%, median income fell 9.1% (inflation-adjusted), home values increased 7.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $130,504 |
| Unemployment | 3.9% |
| Establishments | 827 |
| Employees | 6,402 |