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Why do you want to live here?
Washington State is one of only seven states that does not imposev a personal income tax. This state does not collect a corporate income tax or franchise tax either. According to Neighborhoodscout.com, in 2015 Washington ranked 14th in the nation with a total gross state product of $446 billion. The median household income as of early 2016 was $59,578, putting it in the top 15 wealthiest states and nearly $6,000 above the U.S. median. Washington also boasted 10 Fortune 500 companies in 2015, including Microsoft, Amazon, Costco, Starbucks, Nordstrom, Expedia, Weyerhaeuser and Alaska Air Group. There’s also Boeing, which is headquartered in Illinois but employs roughly 85,000 people across the state. Providing further economic drivers, Washington abounds in powerful rivers that have been dammed to provide hydroelectric power, a major contributor to the economy, while Seattle (#4) and Tacoma (#9) are among the top 10 busiest ports in the U.S.
Real estate in Washington State
Statewide, the median home value as of early 2016 was $304,694, roughly $120,000 above the U.S. median, while the median rental price was $1,349. In Seattle, the largest city with over 660,000 people within the city limits, the median home value was significantly higher at $539,541. Approximately 45 minutes south of Seattle, Tacoma (population 205,000+) had a more affordable median home value of $238,910. Finally, Spokane (population 212,000+), along the eastern border with Idaho, had an even lower median home value of $167,672. If you’re thinking of relocating to one of these cities, you’ll be interested to know that Washington is one of only seven states with no income tax. The state makes up for it with a higher sales tax and gasoline tax, however.
What is going on Washington state?
Year 2014 the total gross state product for Washington was $425.017 billion, placing it 14th in the nation. The per capita GDP in 2009 was $52,403, 10th in the nation. The famous businesses are located here, including the design and manufacture of aircraft (Boeing), automotive (Paccar), computer software development (Microsoft, Bungie, Amazon.com, Nintendo of America, Valve Corporation, ArenaNet), telecom (T-Mobile USA), electronics, biotechnology, aluminum production, lumber and wood products (Weyerhaeuser), mining, beverages (Starbucks, Jones Soda), real estate (John L. Scott, Colliers International, Windermere Real Estate, Kidder Mathews), retail (Nordstrom, Eddie Bauer, Car Toys, Costco, R.E.I.), and tourism (Alaska Airlines, Expedia, Inc.).
A Fortune magazine survey of the top 20 Most Admired Companies in the US has four Washington-based companies: Amazon.com, Starbucks, Microsoft, and Costco. The state has significant amounts of hydroelectric power generation at over 80%. Also, significant amounts of trade with Asia pass through the ports of the Puget Sound leading to a number 6 ranking of US ports (ranking combines Twenty-foot Equivalent Units moved and Infrastructure index). For more community reports on your dream neighborhood visit my website.
What Schools will Kids Attend?
If you buy a home for sale in Washington State get local schools score report and more information about schools, check out the Washington Local School Reports on my website.
Looking for a Home in Swantown Oak Harbor WA?
Interested in finding homes for sale in the Washington State? Click that link to find all the currently available homes in this area of Oak Harbor WA.
Are you now getting excited to experience Oak Harbor? I know you want to know more about this state. My website gives information about the Market Analysis, Community Report, Local Schools Report and Home Prices. If you are looking to buy a home, the property information is direct feed from the WA MLS or if you are looking to sell, get a FREE Home Valuation to see what your home is worth!
Low Down Payment Options
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RE/MAX- Acorn Properties 32800 State Route 20
Suite 2 Oak Harbor, Wa 98277
For more information on homes, communities, or anything else regarding your Real Estate needs it would be my pleasure to assist you. Please contact me