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.

    January 2021

    Employment Levels
    Employment Levels

    97,616

    Decreased by:

    7,119
    Down Arrow
    -6.8%

    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
    • 01
    • 02
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 97,616

      01

    2020

    2021

    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.

    February 2021

    Home Price
    Median Home Price

    $325,000

    Increased by:

    $55,100
    Up Arrow
    20.4%

    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
    • 02
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • $315,000

      01
    • $325,000

      02

    2020

    2021

    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.

    October 2020

    Building Permits
    Building Permits

    448

    Increased by:

    14
    Up Arrow
    3.2%

    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
    • 10
    • 11
    • 12
    • 257

      01
    • 285

      02
    • 266

      03
    • 187

      04
    • 319

      05
    • 507

      06
    • 433

      07
    • 443

      08
    • 404

      09
    • 448

      10

    2019

    2020

    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.

    January 2021

    Unemployment Rate
    Unemployment Rate

    7.2%

    Increased by:

    1.0
    Up 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%
    • 01
    • 02
    • 03
    • 04
    • 05
    • 06
    • 07
    • 08
    • 09
    • 10
    • 11
    • 12
    • 7.2%

      01

    2020

    2021

    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

    December 2020

    Passengers at GEG
    Passengers at GEG

    170,127

    Decreased by:

    196,206
    Down Arrow
    -53.6%

    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%
    • 12
    • 304,561

      01
    • 297,207

      02
    • 174,741

      03
    • 23,889

      04
    • 51,032

      05
    • 103,397

      06
    • 160,945

      07
    • 179,225

      08
    • 159,920

      09
    • 170,999

      10
    • 159,315

      11
    • 170,127

      12

    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