Olympia, WA — income, home value, property tax, and sales tax.
In ZIP code 98589, near Olympia, homes carry a median value of $438,700 while households earn a median of $83,855, and per-capita income sits at $42,724. At the county's 0.88% effective property tax rate, a home at that median value generates roughly $3,860 in annual taxes — a meaningful sum against local earnings. Combined with an 8.40% sales tax, the overall cost of living leans on higher home prices. Buyers here weigh elevated property values against steady incomes, and the tax rate, while not steep, still shapes what owning a home truly costs each year.
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