Economic Indicators

There are many factors to consider when choosing to start or expand a business or make a lifestyle change. Employment rates, average wages, visitor and real estate information are just a few of the pillars that make up a vibrant economic community. The information below is a diverse body of regional data intended to assist you in seeking opportunities and making important decisions.

  • More Info Included are all persons in the City of Spokane who, (a) did any work as paid employees, worked in their own business, or worked 15 hours or more as unpaid workers in a family business, or (b) were not working but who had jobs from which they were temporarily absent.

    April 2022

    Employment Levels
    Employment Levels

    107,770

    Increased by:

    4777
    Up Arrow
    4.6%

    City-wide data

    More Info Included are all persons in the City of Spokane who, (a) did any work as paid employees, worked in their own business, or worked 15 hours or more as unpaid workers in a family business, or (b) were not working but who had jobs from which they were temporarily absent.
    • 120,000
    • 90,000
    • 60,000
    • 30,000
    • 0
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 107,454

      01
    • 108,816

      02
    • 109,570

      03
    • 107,770

      04

    2021

    2022

    Employment Levels

  • More Info Median sales prices represent that price at which half the sales that take place in the Spokane County are at higher prices and half at lower prices.

    May 2022

    Home Price
    Median Home Price

    $450,000

    Increased by:

    $74,500
    Up Arrow
    19.8%

    County-wide data

    More Info Median sales prices represent that price at which half the sales that take place in the Spokane County are at higher prices and half at lower prices.
    • 600,000
    • 450,000
    • 300,000
    • 150,000
    • 0
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • $380,000

      01
    • $400,000

      02
    • $430,000

      03
    • $425,000

      04
    • $450,000

      05

    2021

    2022

    Median Home Price

  • More Info This measures all building permits issued by the City of Spokane, including commercial, industrial, and new construction residential and remodel permits.

    May 2022

    Building Permits
    Building Permits

    547

    Decreased by:

    92
    Up Arrow
    20.2%

    City-wide data

    More Info This measures all building permits issued by the City of Spokane, including commercial, industrial, and new construction residential and remodel permits.
    • 600
    • 450
    • 300
    • 150
    • 0
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 296

      01
    • 350

      02
    • 466

      03
    • 486

      04
    • 547

      05

    2021

    2022

    Buidling Permits

  • More Info This measures the unemployed percent of the civilian labor force, [i.e (unemployment count/civilian labor force)] for those living in the City of Spokane.

    April 2022

    Unemployment Rate
    Unemployment Rate

    4.3%

    Decreased by:

    -1.4
    Down Arrow
     

    City-wide data

    More Info This measures the unemployed percent of the civilian labor force, [i.e (unemployment count/civilian labor force)] for those living in the City of Spokane.
    • 20%
    • 15%
    • 10%
    • 5%
    • 0%
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 5.5%

      01
    • 5.6%

      02
    • 5.4%

      03
    • 4.3%

      04

    2021

    2022

    Unemployment Rate

  • More Info The average annual wage measures the total wages in industries covered by unemployment insurace divided by total employment in those same industries in Spokane County.

    Third Quarter 2021

    Average Annual Wage
    Average Annual Wage

    $56,093.63

    Increased by:

    $5,885
    Up Arrow
    6.7%

    City-wide data

    More Info The average annual wage measures the total wages in industries covered by unemployment insurace divided by total employment in those same industries in Spokane County.
    • $60,000
    • $45,000
    • $30,000
    • $15,000
    • 0
    • $48,747

      Q1
    • $49,479

      Q2
    • $49,937

      Q3
    • $52,766

      Q4
    • Q1
    • Q2
    • Q3
    • Q4
    • $54.981

      Q1
    • $56,071

      Q2
    • $56,093

      Q3

    2019

    2020

    2021

    Average Annual Wage

  • More Info This measures the proportion of the inventory zoned for office space that is vacant within the Spokane Central Business District.

    First Half 2021

    Office Vacancy Rate
    Office Vacancy Rate

    14.2%

    Increased by:

    14.2%
    Up Arrow
     

    City-wide data

    More Info This measures the proportion of the inventory zoned for office space that is vacant within the Spokane Central Business District.
    • 20%
    • 15%
    • 10%
    • 5%
    • 0%
    • 15.9%

      S1
    • 16.4%

      S2
    • S1
    • S2
    • 14.2%

      S1

    2018

    2019

    2021

    Office Vacancy Rate

  • More Info This estimate measured the net employment outlook, the share of employers anticipating an increase in hiring activity subtracting the percentage of employers expecting a decrease in hiring activity based in the Spokane MSA.

    Second Quarter 2020

    Share of Companies Hiring
    Share of Companies Hiring

    16%

    Increased by:

    2%
    Up Arrow
     

    County-wide data

    More Info This estimate measured the net employment outlook, the share of employers anticipating an increase in hiring activity subtracting the percentage of employers expecting a decrease in hiring activity based in the Spokane MSA.
    • 40%
    • 30%
    • 20%
    • 10%
    • 0%
    • Q1
    • Q2
    • Q3
    • Q4
    • 9%

      Q1
    • 16%

      Q2

    2019

    2020

    Share of Companies Hiring

  • More Info This measures the total number of passengers flying in and out of Spokane International Airport

    March 2022

    Passengers at GEG
    Passengers at GEG

    313,053

    Increased by:

    99,510
    Up Arrow
    46.6%

    County-wide data

    More Info This measures the total number of passengers flying in and out of Spokane International Airport
    • 500,000
    • 375,000
    • 250,000
    • 125,000
    • 0%
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 240,929

      01
    • 246,640

      02
    • 313,053

      03

    2021

    2022

    Passengers at GEG

  • More Info This measures the percent of vacant building area (square feet) of zoned industrial space within the County.

    First Half 2021

    Industrial Vacancy Rate
    Industrial Vacancy Rate

    3.2%

    Increased by:

    3.23%
    Up Arrow
     

    City-wide data

    More Info This measures the percent of vacant building area (square feet) of zoned industrial space within the County.
    • 6%
    • 4.5%
    • 3%
    • 1.5%
    • 0%
    • 2.0%

      S1
    • 2.4%

      S2
    • S1
    • S2
    • 3.2%

      S1

    2018

    2019

    2021

    Industrial Vacancy Rate