Thurston County Ranked Among Nation’s Best for Economic Growth and Equity
Great news for our region—Olympia, Lacey, and Tumwater have been recognized as the 8th best-performing economy in the nation, according to the?Milken Institute’s 2025 Best-Performing Cities Report!?This marks a climb from last year’s ranking at #9, reinforcing what many of us already know: Thurston County is a powerhouse for economic opportunity and innovation.?
The report highlights?strong wage growth (7th best in the U.S.)?and an economy that remains one of the?most equitable in the country (ranked 4th for income equality). That means not only is our economy growing, but it’s creating opportunities that benefit a broad range of people in our community.?
“The work of the region’s economic development has created a cohesive ecosystem that supports and imbues the region with innovation, market development, and a supportive environment to launch businesses,” says?Thurston EDC Executive Director, Michael Cade.?
So, what’s driving this success? The report credits our?expanding professional and business services sector?and?strong job growth in information technology, both of which have outpaced national trends. And of course, Olympia’s role as the state capital continues to provide a stable employment base.?
But challenges remain. The?housing shortage is a growing concern, with the report ranking Olympia-Lacey-Tumwater?second to last among top-tier cities?for affordable housing. Currently, our region is?6.4% below what’s needed to meet local demand, making it harder for workers and families to find homes that fit their budgets.?
As we celebrate this recognition, it’s clear there’s still work to be done. At the?Thurston Economic Development Council, we remain committed to fostering an economy that continues to grow?while ensuring access to opportunity for everyone—including tackling critical issues like housing.??
This ranking is a testament to the resilience and innovation of our local businesses, workers, and leaders.
Here’s to another year of growth, collaboration, and building a thriving Thurston County together!?
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