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.

    November 2021

    Employment Levels
    Employment Levels

    109,382

    Increased by:

    9,730
    Up Arrow
    9.8%

    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
    • 11
    • 12
    • 97,439

      01
    • 98,232

      02
    • 101,485

      03
    • 102,993

      04
    • 104,737

      05
    • 104,853

      06
    • 107,221

      07
    • 105,318

      08
    • 106,574

      09
    • 107,608

      10
    • 109,382

      11

    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.

    November 2021

    Home Price
    Median Home Price

    $375,000

    Increased by:

    $65,500
    Up Arrow
    21.2%

    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
    • 11
    • 12
    • $315,000

      01
    • $325,000

      02
    • $341,750

      03
    • $356,500

      04
    • $375,500

      05
    • $380,000

      06
    • $395,000

      07
    • $389,728

      08
    • $380,000

      09
    • $375,000

      10
    • $375,000

      11

    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.

    December 2021

    Building Permits
    Building Permits

    284

    Increased by:

    21
    Down Arrow
    8.0%

    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
    • 269

      01
    • 286

      02
    • 461

      03
    • 511

      04
    • 455

      05
    • 550

      06
    • 478

      07
    • 434

      08
    • 413

      09
    • 451

      10
    • 335

      11
    • 284

      12

    2020

    2021

    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.

    November 2021

    Unemployment Rate
    Unemployment Rate

    3.3%

    Decreased by:

    -3.5
    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%
    • 11
    • 12
    • 7.2%

      01
    • 7.3%

      02
    • 6.6%

      03
    • 5.7%

      04
    • 4.8%

      05
    • 5.0%

      06
    • 4.5%

      07
    • 4.6%

      08
    • 3.6%

      09
    • 3.9%

      10
    • 3.3%

      11

    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.

    Second Quarter 2021

    Average Annual Wage
    Average Annual Wage

    $56,115.80

    Increased by:

    $2,214
    Up Arrow
    11.8%

    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
    • $56,116

      Q2

    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

    October 2021

    Passengers at GEG
    Passengers at GEG

    301,085

    Increased by:

    130,086
    Up Arrow
    76.1%

    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%
    • 10
    • 11
    • 12
    • 142,415

      01
    • 151,515

      02
    • 213,543

      03
    • 247,032

      04
    • 286,750

      05
    • 339,816

      06
    • 405,890

      07
    • 363,653

      08
    • 294,710

      09
    • 301,085

      10

    2020

    2021

    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