Moving to Spokane, Washington, may be one of the best decisions you can make, whether it’s for education, work, or to plant roots in a new place. Spokane is Washington’s second-largest city, and you’re sure to appreciate the big-city amenities of the area while enjoying its small-town feel. Just a few of the features that make this a great place to live are amazing food, fantastic colleges, buzzing nightlife, and a thriving arts and culture scene.
Moving to Spokane, Washington?
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You’ll easily fall in love with Spokane if you’re an outdoor enthusiast. All within a quick drive are stunning lakes and rivers, thick forests, and breathtaking mountains with prime ski resorts, making it easy to enjoy the year-round outdoors. You will enjoy beautiful parks, cycling, and hiking trails throughout the area.
Although nature is a huge part of the appeal of the area, a major draw is also the designated historic downtown and family-friendly, close-knit communities. Compared to other metropolitan cities, those who have recently relocated to the region appreciate the slower speed. In Spokane, you await hospitality, prosperity, education, and special, exciting experiences!
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For buyers, the housing market is incredibly hot right now. Over the past year, home prices have seen remarkable growth of 11.7 percent, with a forecast growth of 7.5 percent in the coming year. Zillow.com lists the median home value at $221,600 as of September 2019, and the median rental price is $1,300. Just 40 percent of the Spokane population is occupied by homeowners, and a mere 2 percent of apartments or homes are available for rental. The suburbs with the lowest cost of living, according to niche.com, include Medical Lake, Millwood, and Deer Park.
In the US, Bestplaces.net reports an average cost of living index score of 100; any score lower than 100 means that the cost is lower than the average, and a higher number means that it is more costly. For Spokane, the average cost of living is 97.1, quite a bit lower than the Washington State index of 131.1. In Spokane, expenditures that appear to be more expensive include accommodation and travel, both with index values of over 100. Health and services, which come in at 82 and 78.2, respectively, are less costly expenses.
The median household in Spokane estimated at $42,814 annual income. A family of four needs at least $5,975 a month, or $71,704 a year, to live comfortably in Spokane, the Family Budget Calculator estimates. To satisfy this standard of living, many households would need two incomes.
Over the past year, the labor market has seen an average downturn of 0.6 percent. Spokane has a 5.9 percent unemployment rate, higher than the 3.5 percent national average . Over the next ten years, growth is projected to be 33.4 percent, on par with the 33.5 percent overall US growth. The area’s top industries include logistics, manufacturing, agribusiness, aerospace, and IT/engineering, according to advantagespokane.com. In the financial and technology fields, the region is seeing an expansion.
Just a few of the major employers in Spokane are Clearwater Paper, URM Shops, Pyrotek, and Rosauers Supermarkets. Individuals searching for jobs should reach out to different recruiters, check online job boards, use networking, and ensure that they have a competent, polished portfolio.