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.

    March 2020

    Employment Levels
    Employment Levels

    103,741

    Increased by:

    2.070
    Up Arrow
    2.0%

    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
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 105,404

      01
    • 105,777

      02
    • 103,741

      03

    2019

    2020

    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.

    April 2020

    Home Price
    Median Home Price

    $303,583

    Increased by:

    $48,608
    Up Arrow
    19.1%

    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.
    • 400,000
    • 300,000
    • 200,000
    • 100,000
    • 0
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • $273,418

      01
    • $269,900

      02
    • $289,900

      03
    • $303,583

      04

    2019

    2020

    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.

    December 2019

    Building Permits
    Building Permits

    209

    Increased by:

    16
    Up Arrow
    8.3%

    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
    • 12
    • 231

      01
    • 169

      02
    • 219

      03
    • 311

      04
    • 386

      05
    • 315

      06
    • 348

      07
    • 423

      08
    • 303

      09
    • 332

      10
    • 219

      11
    • 209

      12

    2018

    2019

    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.

    March 2020

    Unemployment Rate
    Unemployment Rate

    5.2%

    Decreased by:

    -1.6%
    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.
    • 10%
    • 7.5%
    • 5%
    • 2.5%
    • 0%
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 5.8%

      01
    • 5.8%

      02
    • 5.2%

      03

    2019

    2020

    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 2019

    Average Annual Wage
    Average Annual Wage

    $49,548

    Increased by:

    $2,139
    Up Arrow
    4.5%

    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
    • $47,036

      Q1
    • $45,156

      Q2
    • $46,224

      Q3
    • $47,908

      Q4
    • Q1
    • Q2
    • Q3
    • Q4
    • $50,038

      Q1
    • $49,236

      Q2
    • $49,548

      Q3

    2017

    2018

    2019

    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.

    Second Half 2019

    Office Vacancy Rate
    Office Vacancy Rate

    14.1%

    Decreased by:

    -2.3%
    Down 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%
    • 16.4%

      S1
    • 16.6%

      S2
    • S1
    • S2
    • 15.4%

      S1
    • 14.1%

      S2

    2017

    2018

    2019

    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%
    • 4%

      Q1
    • 23%

      Q2
    • 21%

      Q3
    • 9%

      Q4
    • Q1
    • Q2
    • Q3
    • Q4
    • 9%

      Q1
    • 16%

      Q2

    2018

    2019

    2020

    Share of Companies Hiring

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

    February 2020

    Passengers at GEG
    Passengers at GEG

    297,207

    Increased by:

    22,979
    Up Arrow
    8.4%

    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%
    • 02
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 304,561

      01
    • 297,207

      02

    2019

    2020

    Passengers at GEG

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

    Second Half 2019

    Industrial Vacancy Rate
    Industrial Vacancy Rate

    3.2%

    Increased by:

    0.8%
    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%
    • 3.5%

      S1
    • 2.2%

      S2
    • S1
    • S2
    • 2.5%

      S1
    • 3.2%

      S2

    2017

    2018

    2019

    Industrial Vacancy Rate