Friday, June 19, 2009

Relatively wealthy (but perhaps not feeling so)

In case you missed the recent report in the Puget Sound Business Journal (PSBJ), you may be interested in learning that 98112 is the wealthiest zip code in Seattle.

In 10th position, ours is the only Seattle zip code making it to the top-ten list for the Puget Sound region, and it is one of only two Seattle zips in the top twenty (the other being 98177, which includes The Highlands and Blue Ridge). The Eastside rules the list, with Medina the perennial Number One, well ahead of the rest of the pack. A Redmond zip is Number Two, and rounding out the top ten there are two entries each for Sammamish and Woodinville, as well as one zip each for Mercer Island, Bellevue and Issaquah. There are 223 zip codes in the geographic region covered by the paper’s report.

The 98112 zip code comprises all of Madison Park (including Broadmoor and Washington Park), Montlake, Denny-Blaine and most of Capitol Hill. The PSBJ estimates that the average household net worth for our zip is $1,127,992. This compares to $2,272,662 for Medina and $860,838 for Auburn, which is 25th on the list. Average 2008 household income for 98112 was estimated at $138,623.

Madison Park comprises something more than a quarter of the 98112 zip code’s population of 20,043.

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