The ZIP Code 98406 is associated with the city of Tacoma in Washington in Pierce County. The median household income is at $82,111, while an estimated 3% of the population in this ZIP is living below the poverty line. The median age in 98406 is estimated to at 38.3 years, and about 21.4% of residents are aged 62 years and older. It is estimated that about 45.8% of residents in this Washington region hold a bachelor's degree or higher, while the per capita income is approximately $43,220. The current population estimate is 23,354.
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The median household income in ZIP Code 98406 is $82,111, while the region's mean household income is $100,800. Breaking income down further, per capita income in the region is $43,220. The per capita income in ZIP Code 98406 of $43,220 is approximately 11.06% more than the per capita income in Washington overall of $38,915. An estimated 2.8% of the population is living below the poverty line in this region. This rate is approximately 70.53% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 20.2% of the population in 98406 earn $100,000 to $149,999 per year, while an estimated 15.4% earn $50,000 to $74,999 per year, and 2.5% of 98406 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 3.3% |
| $10,000 to $14,999 per year | 2.5% |
| $15,000 to $24,999 per year | 6.4% |
| $25,000 to $34,999 per year | 6.9% |
| $35,000 to $49,999 per year | 11.6% |
| $50,000 to $74,999 per year | 15.4% |
| $75,000 to $99,999 per year | 14.4% |
| $100,000 to $149,999 per year | 20.2% |
| $150,000 to $199,999 per year | 11.8% |
| $200,000 or more per year | 7.5% |
In ZIP Code 98406, 95.0% of the population graduated high school, while 45.8% have a bachelor's degree or higher. In this region, 1.5% achieved an education level less than 9th grade, while 18.9% hold a graduate or professional degree. Approximately 17.8% in this Pierce County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.5% |
| 9th to 12th grade, no diploma | 3.4% |
| High school graduate (includes equivalency) | 17.8% |
| Some college, no degree | 21.0% |
| Associate's degree | 10.3% |
| Bachelor's degree | 27.0% |
| Graduate or professional degree | 18.9% |
Looking at race in the population that makes up ZIP Code 98406, 93.3% is one race, while 6.7% are two or more races. Approximately 6.5% of 98406 residents are hispanic or Latino (of any race). The most common race in 98406 (race alone or in combination with one or more other races), is White (86.6%), followed by Black or African American (9.2%) .
| Industry | Percent |
|---|---|
| White | 86.6% |
| Black or African American | 9.2% |
| American Indian and Alaska Native | 2.6% |
| Asian | 7.4% |
| Native Hawaiian and Other Pacific Islander | 0.7% |
| Some other race | 1.1% |
The median home value in ZIP Code 98406 in January 2025 comes in at $604,495. The January 2025 value is approximately 2% higher than the $595,322 median value in August 2024, and 3% higher than the $585,654 median value in February 2024. Regarding the age of homes in ZIP Code 98406, an estimated 26.6% of homes were built in 1939 or earlier. Additionally, 14.3% of homes in the region were built between 1980 and 1989, while an estimated 0.1% of homes were built in 2014 or later in this Pierce County region.
| Month | Home value |
|---|---|
| Jan 2025 | $604,495 |
| Dec 2024 | $602,952 |
| Nov 2024 | $600,754 |
| Oct 2024 | $598,325 |
| Sep 2024 | $596,415 |
| Aug 2024 | $595,322 |
| Jul 2024 | $596,143 |
| Jun 2024 | $596,918 |
| May 2024 | $596,397 |
| Apr 2024 | $592,959 |
| Mar 2024 | $588,752 |
| Feb 2024 | $585,654 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.1% |
| Built between 2010 and 2013 | 1.3% |
| Built between 2000 and 2009 | 2.5% |
| Built between 1990 and 1999 | 6.1% |
| Built between 1980 and 1989 | 14.3% |
| Built between 1970 and 1979 | 13.1% |
| Built between 1960 and 1969 | 12.3% |
| Built between 1950 and 1959 | 11.6% |
| Built between 1940 and 1949 | 12.2% |
| Built in 1939 or earlier | 26.6% |
Residents of ZIP Code 98406 are older than average. The median age of 38.3 years in ZIP Code 98406 is approximately 0.52% higher than the overall median age in the U.S. of 38.1 years. About 80.1% of residents are aged 18 years and older, and 21.4% of residents are 62 years and over. Approximately 17.6% of the population in 98406 falls in the age group 25 to 34 years, while an estimated 13.6% are aged 45 to 54 years. On the low end of the scale, 3.7% of 98406 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.4% |
| 5 to 9 years | 6.0% |
| 10 to 14 years | 4.2% |
| 15 to 19 years | 5.8% |
| 20 to 24 years | 6.7% |
| 25 to 34 years | 17.6% |
| 35 to 44 years | 10.2% |
| 45 to 54 years | 13.6% |
| 55 to 59 years | 6.3% |
| 60 to 64 years | 4.6% |
| 65 to 74 years | 10.2% |
| 75 to 84 years | 4.7% |
| 85 years and over | 3.7% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 98406 is current access to health insurance, as an estimated 94.6% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 98406 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 94.6% |
| Risk Behavior | Percent of adults* |
|---|
In 98406, 65.9% of the population is in the labor force. Recent estimates place 9.0% as working from home, while the total labor force in the region has a mean travel to time to work of 28.5 minutes. Approximately 31.5% of the employed population 16 years and over in 98406 work in educational services, and health care and social assistance, while an estimated 11.8% work in retail trade. On the lower end of the scale, just 0.5% of 98406 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.5% |
| Construction | 4.5% |
| Manufacturing | 7.0% |
| Wholesale trade | 1.6% |
| Retail trade | 11.8% |
| Transportation and warehousing, and utilities | 5.9% |
| Information | 1.7% |
| Finance and insurance, and real estate and rental and leasing | 6.2% |
| Professional, scientific, management, and administrative | 10.0% |
| Educational services, and health care and social assistance | 31.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 8.1% |
| Other services, except public administration | 4.4% |
| Public administration | 6.8% |
In ZIP Code 98406, 92.4% of the population lists "English only" as the language spoken in home, while 2.1% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 2.6% of homes, and other Indo-European languages are spoken in 2.9% of homes. Lastly, 0.1% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Pierce County region.
| Language Spoken | Percent |
|---|---|
| English only | 92.4% |
| Spanish | 2.1% |
| Other Indo-European languages | 2.6% |
| Asian and Pacific Islander languages | 2.9% |
| Other languages | 0.1% |
Regarding solar power potential, ZIP Code 98406 has an average daily solar radiation level of 4.15 kWh/m2/day. This is approximately 0.73% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 37.03% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 98406 | 8.14¢/kWh | 7.68¢/kWh | 4.13¢/kWh |
| Washington | 13.79¢/kWh | 10.99¢/kWh | 7.22¢/kWh |
| United States | 18.07¢/kWh | 14.06¢/kWh | 9.02¢/kWh |
| Month | ZIP Code 98406 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 1.9 | 1.9 | 5.84 |
| Feb | 3.11 | 3 | 6.31 |
| Mar | 3.69 | 3.65 | 7.02 |
| Apr | 5.24 | 5.13 | 7.3 |
| May | 5.43 | 5.17 | 7.13 |
| Jun | 5.91 | 5.72 | 6.95 |
| Jul | 6.31 | 6.22 | 6.51 |
| Aug | 5.97 | 6.08 | 6.65 |
| Sep | 5.24 | 5.15 | 7.02 |
| Oct | 3.27 | 3.32 | 6.92 |
| Nov | 2.07 | 2.33 | 5.99 |
| Dec | 1.63 | 1.78 | 5.46 |