Economic and demographic data for the Seattle Tacoma Metropolitan Area.

1. Seattle–Tacoma
Metropolitan Area
Economic-Demographic Overview
May 2013

2. ABOUT THE DATA
METRO INSIGHT
The
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. 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.
Snohomish
King
Pierce
2012 Population Estimates
King 2,007,440
Pierce 811,681
Snohomish 733,036
MSA Total 3,552,157

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%
1960's
1970's
1980's
1990's
2000's
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. 68%
5%
12%
6%
9%
Sea8le-­‐Tacoma
MSA
WhiteNH
BlackNH
AsianNH
OtherNH
Hispanic
63%
12%
5%
3%
17%
U.S.
POPULATION BY RACE
METRO INSIGHT
Sea>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. INCOME
The
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 INSIGHT
Sea>le
Bellevue
Kent
Tacoma

7. POPULATION DENSITY
Although
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. Educational Attainment
The
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. ECONOMY
Loca: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 Quotient
Source:
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. Economy
The
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 Change
Mining 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. Snohomish
King
Pierce
King
King
Downtown
Sea>le
Bellevue
ECONOMY
Employment Density
METRO INSIGHT
Less
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

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