Seattle–TacomaMetropolitan AreaEconomic-Demographic OverviewMay 2013
ABOUT THE DATAMETRO INSIGHTThe	  data	  for	  this	  report	  comes	  from	  a	  variety	  of	  publically	  available	  s...
POPULATION	  The	  Sea>le-­‐Tacoma	  Metropolitan	  Area	  is	  a	  three	  county	  area	  along	  the	  Puget	  Sound	  ...
POPULATION	  The	  Sea>le-­‐Tacoma	  Metro	  Area’s	  popula:on	  of	  3.5	  million	  makes	  it	  the	  15th	  largest	 ...
68%	  5%	  12%	  6%	  9%	  Sea8le-­‐Tacoma	  MSA	  WhiteNH	  BlackNH	  AsianNH	  OtherNH	  Hispanic	   63%	  12%	  5%	  3%...
INCOMEThe	  median	  household	  income	  in	  the	  Sea>le	  area	  is	  $64,085,	  well	  above	  the	  na:onal	  median...
POPULATION DENSITYAlthough	  the	  Sea>le-­‐Tacoma	  Metropolitan	  Area	  technically	  covers	  a	  large	  area,	  the	...
Educational AttainmentThe	  Sea>le-­‐Tacoma	  Metro	  Area	  has	  a	  significantly	  higher	  level	  of	  educa:onal	  a...
ECONOMYLoca:on	  quo:ents	  measure	  the	  level	  of	  specializa:on	  a	  region	  has	  in	  a	  given	  industry.	  A...
EconomyThe	  Health	  and	  Private	  Educa:on	  industry	  	  saw	  the	  greatest	  increase	  in	  employment	  in	  th...
SnohomishKingPierceKingKingDowntown	  Sea>le	  Bellevue	  ECONOMYEmployment DensityMETRO INSIGHTLess	  than	  100	  100	  ...
NEED MORE?There	  is	  a	  lot	  more	  data	  out	  there.Let	  MetroInsight	  help	  you	  get	  the	  answers	  you	  n...
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Seattle Tacoma Demographic and Economic Snapshot

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Economic and demographic data for the Seattle Tacoma Metropolitan Area.

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Seattle Tacoma Demographic and Economic Snapshot

  1. 1. Seattle–TacomaMetropolitan AreaEconomic-Demographic OverviewMay 2013
  2. 2. ABOUT THE DATAMETRO INSIGHTThe  data  for  this  report  comes  from  a  variety  of  publically  available  sources  such  as  the  Census  Bureau  and  Bureau  of  Labor  Sta:s:cs.  This  report  is  intended  to  give  a  brief  overview  of  the  general  demographics  and  economy  of  the  Sea>le-­‐Tacoma  Metropolitan  Area  as  defined  in  2012.  Most  of  the  data  is  updated  at  least  annually.  Some  of  the  employment  data  sources  do  update  on  a  monthly  basis,  but  to  avoid  seasonal  fluctua:ons,    the  data  used  here  is  the  most  current  annual  data.  
  3. 3. POPULATION  The  Sea>le-­‐Tacoma  Metropolitan  Area  is  a  three  county  area  along  the  Puget  Sound  in  Western  Washington.  King  County  is  the  largest  of  the  three  coun:es  with  a  popula:on  of  over  2  million.    SnohomishKingPierce2012 Population EstimatesKing 2,007,440Pierce 811,681Snohomish 733,036MSA Total 3,552,157
  4. 4. POPULATION  The  Sea>le-­‐Tacoma  Metro  Area’s  popula:on  of  3.5  million  makes  it  the  15th  largest  metro  in  the  country.    The  growth  has  been  rapid  over  the  past  50  years  outpacing  the  na:onal  growth  rate  over  that  :me.  0%  5%  10%  15%  20%  25%  30%  1960s   1970s   1980s   1990s   2000s  Popula(on  Growth  Rate  by  Decade  Sea>le  U.S.    -­‐          1,000,000      2,000,000      3,000,000      4,000,000    1960   1970   1980   1990   2000   2010  Total  Popula(on  METRO INSIGHT
  5. 5. 68%  5%  12%  6%  9%  Sea8le-­‐Tacoma  MSA  WhiteNH  BlackNH  AsianNH  OtherNH  Hispanic   63%  12%  5%  3%  17%  U.S.  POPULATION BY RACEMETRO INSIGHTSea>le’s  popula:on  is  racially  diverse  with  approximately  one  third  being  non-­‐white.  At  12  percent  of  the  total,  Sea>le  has  one  of  the  largest  Asian  popula:ons  in  the  U.S.  The  Hispanic  and  Black  popula:on’s  are  significantly  smaller  propor:onally  than  the  na:on.  NH  =Non-­‐Hispanic  Source:  U.S.  Census  Bureau,  2011  American  Community  Survey  
  6. 6. INCOMEThe  median  household  income  in  the  Sea>le  area  is  $64,085,  well  above  the  na:onal  median  of  $50,052.The  higher  incomes  are  concentrated  in  the  suburbs  east  of  Sea>le.  On  the  lower  income  level,  there  are  few  tracts  that  have  a  very  low  median  income  (less  than  $25,000).  There  are  concentra:ons  of  moderately  low  income  in  south  Sea>le  and  into  SeaTac  and  Kent.  No  Data  $100,000  or  More  $75,000  to  $99,999  $50,000  to  $74,999  $25,000  to  $49,999  Less  than  $25,000  METRO INSIGHTSea>le  Bellevue  Kent  Tacoma  
  7. 7. POPULATION DENSITYAlthough  the  Sea>le-­‐Tacoma  Metropolitan  Area  technically  covers  a  large  area,  the  popula:on  is  heavily  concentrated  along  the  Puget  Sound  crea:ng  a  dense,  urban  environment.  METRO INSIGHTNo  Data  Less  than  1,000  1,000  to  2,499  2,500  to  4,999  5,000  to  7,499  7,500  and  up  Popula:on  per  Square  Mile  Sea>le  Bellevue  Kent  Tacoma  
  8. 8. Educational AttainmentThe  Sea>le-­‐Tacoma  Metro  Area  has  a  significantly  higher  level  of  educa:onal  a>ainment  than  the  na:on.  38  percent  of  the  regions  popula:on  aged  25  and  over  have  at  least  a  bachelor’s  degree.  Na:onally  this  figure  is  only  29  percent.  0%  5%  10%  15%  20%  25%  30%  Less  than  HS   High  School   Some  College  No  Degree  Associates   Bachelors   Graduate  Educa(onal  A8ainment  (Popula(on  25+)  2011  US  Sea>le  METRO INSIGHT
  9. 9. ECONOMYLoca:on  quo:ents  measure  the  level  of  specializa:on  a  region  has  in  a  given  industry.  A  loca:on  quo:ent  over  1  indicates  that  the  region  specializes  in  this  industry  rela:ve  to  the  country  and  likely  exports  this  good  or  service.  A  loca:on  quo:ent  less  than  1  indicates  the  region  does  not  specialize  in  that  industry  rela:ve  to  the  country.  For  the  Sea>le  Metro,  it’s  all  about  Informa:on.  The  region’s  Informa:on  loca:on  quo:ent  is  an  amazing  2.58.  The  bulk  of  the  employment  within  Informa:on  is  in  Telecommunica:ons  and  Sofware  Publishing.  Location QuotientSource:  Bureau  of  Labor  Sta:s:cs,  Current  Employment  Sta:s:cs  2012  Annual  Data  0.13  0.82  0.83  0.83  0.89  0.91  0.92  0.93  0.94  0.94  0.98  1.02  1.02  1.10  2.58  0   0.5   1   1.5   2   2.5   3  Mining  and  Logging  Manufacturing  Health  and  (Private)  Educa:on  Local  Government  Retail  Financial  Ac:vi:es  Leisure  and  Hospitality  Construc:on  Transporta:on  and  U:li:es  Other  Services  Federal  Government  Wholesale  Prof.  and  Business  Svcs.  State  Government  Informa:on  Sea8le-­‐Tacoma  Loca(on  Quo(ent  METRO INSIGHT
  10. 10. EconomyThe  Health  and  Private  Educa:on  industry    saw  the  greatest  increase  in  employment  in  the  Sea>le  area  between  2000  and  2012.  The  region  also  saw  solid  growth  in  Professional  and  Business  Services,  Leisure  and  Hospitality  and  Informa:on.  Manufacturing  saw  a  decline  of  29,000  jobs  over  the  period.  Selected Major Employers• Boeing  • Microsof  • Weyerhauser  • Qwest  • University  of  Washington  • Clearwire  • Alaska  Air  Group  • Costco  • United  Parcel  Service  • Bank  of  America  Source:  Bureau  of  Labor  Sta:s:cs,  Current  Employment  Sta:s:cs  2012  Annual  Data  2000 Employment 2012 Employment Numeric Change Percent ChangeMining and Logging 2,600 1,000 (1,600) -61.5%Construction 99,100 82,000 (17,100) -17.3%Manufacturing 213,100 184,100 (29,000) -13.6%Wholesale 81,000 78,700 (2,300) -2.8%Retail 179,600 177,400 (2,200) -1.2%Transportation and Utilities 65,200 60,600 (4,600) -7.1%Information 79,400 89,500 10,100 12.7%Financial Activities 101,800 92,300 (9,500) -9.3%Prof. and Business Svcs. 220,400 238,400 18,000 8.2%Health and (Private) Education 166,800 217,700 50,900 30.5%Leisure and Hospitality 145,800 163,700 17,900 12.3%Other Services 57,800 66,600 8,800 15.2%Federal Government 34,600 35,800 1,200 3.5%State Government 66,000 71,800 5,800 8.8%Local Government 135,400 151,700 16,300 12.0%METRO INSIGHT
  11. 11. SnohomishKingPierceKingKingDowntown  Sea>le  Bellevue  ECONOMYEmployment DensityMETRO INSIGHTLess  than  100  100  to  499  500  to  999  1,000  to  2,499  More  than  2,500  Employees  With  nearly  200,000  workers,  downtown  Sea>le  is  far  and  away  the  metro’s  largest  employment  center.  Another  major  employment  center  lies  across  Lake  Washington  in  Bellevue.  Sea  Tac  
  12. 12. NEED MORE?There  is  a  lot  more  data  out  there.Let  MetroInsight  help  you  get  the  answers  you  need.  METRO INSIGHTFollow  our  blog.  www.metroinsight.com  Follow  us  on  Twi>er:  @metroinsight1  Google+  Facebook  E-­‐mail:  info@metroinsight.com  

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