Thinking about moving to Spokane?
You’ll be in good company. Between 2010 and 2016, more than 7,057 people have moved to Spokane, an increase of 3.4%. New residents are attracted to Spokane’s affordable housing, scenic views, breweries, and wineries.
Spokane is home to 215,973 Spokanites. With an area of 59.2 square miles, Spokane has a population density of 3,648 persons per square mile, which makes it less dense than many other cities of comparable size.
The Spokane-Spokane Valley, WA Metropolitan Statistical Area boasts a population of 556,634 people, of which Spokane proper’s population makes up 39%.
One of Spokane’s greatest strengths is its relatively affordable housing market. The median home value in Spokane is $175,100, -13% below the US median value, according to Zillow. The median price per square foot in Spokane is $143. Over the past 5 years, home values in Spokane have increased by 6%.
Renters in Spokane will also have an easy time finding affordable housing. The median rent in Spokane is $1,117 per month, which is 22% lower than the US median. Over the past year, rental rates in Spokane have increased by 5.9%.
Spokane’s economy has been a bit sluggish over the past few years. The Spokane metro area’s GDP grew by 13% between 2011 and 2016, from $21.2 billion in 2011 to $23.9 billion in 2016, a total increase of $2.7 billion. The metro area has a per capita GDP of $43,075. According to the US Census Bureau, the median household income in Spokane is $49,042, 17% lower than the national median. Spokane’s unemployment rate is 5.1%.