ZIP Code 98406 Demographics

Pierce County, Washington  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 98406 compared to county averages.

Total Population

22,994

↓ 97.5% vs county

Median HH Income

$96,755

↑ +5.8% vs county

Median Home Value

$516,600

↑ +16.2% vs county

Median Age

41.5 yrs

↓ +13.7% vs county

Unemployment Rate

4.2%

↑ 11.8% vs county

Income & Housing Comparison

How ZIP 98406 compares to Pierce County and Washington overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 98406 $97k Pierce $91k Washington $90k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 98406 $517k Pierce $445k Washington $473k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

29.8%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

65.0%

of occupied housing units are owner-occupied

Median Gross Rent

$1,557

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 98406 using local Census metrics.

Median Home Value$516,600
Down Payment (20%)$103,320
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$3,280P&I: $2612 | Tax: $517 | Ins: $151
Rent (Local Median)
$1,557
Renting is CheaperRenting is estimated to save you $1,723/month compared to buying costs.

How Does 98406 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 98406 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 98406, sorted by distance.

98416 1.3 mi away pierce county 98465 1.3 mi away pierce county 98407 1.8 mi away pierce county 98405 2.1 mi away pierce county 98403 2.4 mi away pierce county 98466 2.7 mi away pierce county 98402 3.4 mi away pierce county 98409 3.7 mi away pierce county

About Pierce County

Pierce County is located in Washington and has a total population of 918,993. The county's median household income is $91,486 and median home value is $444,600. ZIP code 98406 is one of many ZCTAs within this county.

View all ZIP codes in Pierce County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.