Fairwood CDP-King County Washington Income Charts

This section shows the Fairwood CDP-King County Washington economy using the most recent economic analysis from the 2020 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Fairwood CDP-King County depicts it has a Median earnings of $63,247 which is in the center range of other places in the surrounding region. The place with the highest median earnings per worker in the area is Maple Heights-Lake Desire CDP which shows a median earnings of $93,179 (47.3% larger). Comparing median earnings per worker to the United States average of $49,041, Fairwood CDP-King County is 29.0% larger. Also, in comparison with the state of Washington, median earnings per worker of $56,651, Fairwood CDP-King County is 11.6% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $97,398 which is in the intermediate range of other places in the area. The place with the highest median household income in the area is Shadow Lake CDP which shows a median income of $110,625 (13.6% larger). Comparing median household income to the United States average of $62,843, Fairwood CDP-King County is 55.0% larger. Also, benchmarked against the state of Washington, median household income of $73,775, Fairwood CDP-King County is 32.0% larger.

The next section examines a variety of different income statistics for the Fairwood CDP-King County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings less than $10,000 at 6.1% of the total and is ranked #1.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.0 which is the second smallest when sorted by average hours of all the other places in the greater region. The place with the highest average hours in the area is Shadow Lake CDP which depicts an average hours of 39.8 (only about 4.7% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $32.01 which is the third most of all other places in the metropolitan area. The place with the highest average hourly earnings in the area is Maple Heights-Lake Desire CDP which indicates an average hourly earnings of $46.30 (44.7% larger). Comparing average hourly earnings to the United States average of $24.31, Fairwood CDP-King County is 31.7% larger. Also, measured against the state of Washington, average hourly earnings of $28.22, Fairwood CDP-King County is 13.4% larger.

Figure 7 examines the number of self employed people in the Fairwood CDP-King County metro area based on the number of people who reported any self employment income. Fairwood CDP-King County shows it has a Self Employed of 10.5% which is the smallest when ranked by percentage of people self employed of all the other places in the local area. The place with the highest percentage of people self employed in the area is Shadow Lake CDP which depicts a percentage self employed of 25.4% (approximately 2.4 times bigger).

Turning our attention to Figure 8, the median household income by age group, has the percentage of median income-under 25 years in the center range of other places in the local area at $96,644 of the total. Second, it has one of the largest proportions of median income-25 to 44 years at $115,863 of the total and is ranked #3. Only #2 East Renton Highlands CDP ($116,071), and #1 Maple Heights-Lake Desire CDP ($124,231) are larger. Third, it has the largest proportion of median income-45 to 64 years at $70,859 of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.6% which is in the middle range of other places in the local area. The place with the highest households with retirement income in the area is Shadow Lake CDP which depicts a households with retirement income of 29.7% (59.2% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the mid point range of other places in the surrounding region at $114,419 of the total. Second, it has the largest proportion of white family income at $84,250 of the total and is ranked #1. Third, it has in the mid range of other places in the area when sorted by american indian family income at $108,125 of the total. Also, it has one of the largest proportions of hawaiian family income at $108,661 of the total and is ranked #2. The only larger place being Maple Heights-Lake Desire CDP with $210,446.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Fairwood CDP-King County shows it has the hightest cost of 185.7 for the cost of housing classification.

Fairwood CDP-King County Washington Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the Coronavirus Pandemic the monthly unemployment rate went from 8.7% to 2.6% in February 2020. This represents a decrease in the monthly unemployment rate of 70.1%. Since that time, the monthly unemployment rate has gone to 5.5% This represents an increase in the monthly unemployment rate of 111.5%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous COVID Pandemic the monthly labor force participation went from 52,421 to 60,061 in February 2020. This represents an increase in the monthly labor force participation of 14.6%. Since that time, the monthly labor force participation has gone to 58,336 This represents a decrease in the monthly labor force participation of 2.9%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Fairwood CDP-King County shows it has a Unemployment Rate of 4.0% which is at the top of all other places in the greater Fairwood CDP-King County region. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Fairwood CDP-King County shows it has a Labor Force Participation of 68.6% which is the second most participation rates of all the places in the greater Fairwood CDP-King County region.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Fairwood CDP-King County has the largest proportion of employed at 4.0% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Fairwood CDP-King County depicts full time employees approximately 3.5 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Fairwood CDP-King County area. Fairwood CDP-King County depicts it has a Single Earner Families of 26.9% which is less than most other places in the local area. The place with the highest families with a single earner in the area is Bryn Mawr-Skyway CDP which depicts a single earners rate of 32.7% (21.6% larger). The percentage of families with no one working is depicted in Figure 22. Fairwood CDP-King County depicts it has a Families with No One Working of 14.2% which is in the center range of other places in the greater region. The place with the highest families with no one working in the area is Shadow Lake CDP which depicts a families with no worker of 17.5% (23.4% larger).

Fairwood CDP-King County Washington Poverty Charts

The next section details economy analysis about poverty for residents of the Fairwood CDP-King County community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Fairwood CDP-King County shows it has a Total In Poverty of 1,260 which is in the mid point range of other places in the local area. The place with the highest total people earning less than the poverty level in the area is Kent which shows a total people earning less than the poverty level of 17,308 ( considerably bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Fairwood CDP-King County shows it has a Percent of Population In Poverty of 6.3% which is less than most other places in the metro area. The place with the highest percent of people earning less than the poverty level in the area is Kent which shows a percent of people in poverty of 13.4% (about twice as large).

In Figure 25 people who are in poverty are broken out by age group. Fairwood CDP-King County has the largest proportion of person in poverty under 12 years at 20% of the total and is ranked #1. Second, it has less than most other places in the local area as measured by person in poverty 55 to 64 years at 9% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Fairwood CDP-King County has the percentage of hawaiian poverty rate the second smallest when ranked by white poverty rate of all the other places in the metro area at 3% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Fairwood CDP-King County has the largest proportion of married with children and in poverty at 35% of the total and is ranked #1. Second, it has one of the largest proportions of unmarried with children and in poverty at 43% of the total and is ranked #2. The only larger place being Maple Heights-Lake Desire CDP with 100%. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Fairwood CDP-King County has the largest proportion of people who are in poverty and employed at 7.5% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Fairwood CDP-King County depicts it has a Public Assistance Percent of 7.6% which is in the center range of other places in the surrounding region. The place with the highest households with public assistance in the area is Kent which shows a households with public assistance of 18.7% (approximately 2.4 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Fairwood CDP-King County depicts it has a Gini Index of 37.6% which is the second smallest when sorted by the gini index of all the other places in the local area.

Fairwood CDP-King County Washington Work Commute Charts

In Figure 35 is shown a frequency distribution of the time that people leave for work. Fairwood CDP-King County has the smallest proportion of people who leave for work between 6am to 630am at 9% of the total. Second, it has the smallest proportion of people who leave for work between 7am to 730am at 7% of the total. Third, it has the largest proportion of people who leave for work between 8am to 830am at 7% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Fairwood CDP-King County has the percentage of people with commute time of less than 5 minutesutes less than most other places in the greater region at 2% of the total. Second, it has less than most other places in the metropolitan area as measured by people with commute time between 5 to 9 minutes at 4% of the total. Third, it has the smallest proportion of people with commute time between 30 to 34 minutes at 3% of the total. Also, it has the largest proportion of people with commute time between 35 to 39 minutes at 7% of the total and is ranked #1.

The average commute time is shown in Figure 37. Fairwood CDP-King County depicts it has a Avg Commute Time of 36 which is the third most average commute time of all other places in the greater Fairwood CDP-King County region. Figure 38 shows the difference between male versus female commuting time. Fairwood CDP-King County depicts average commute time in minutes for men 12.3% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Fairwood CDP-King County has the percentage of no vehicle available in the middle range of other places in the greater region at 16% of the total. Second, it has the second smallest as measured by no vehicle available of all the other places in the metro area as measured by 3 vehicles available at 8% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Fairwood CDP-King County depicts it has a Work in city or place where live of 10% which is less than most other places in the greater region. The place with the highest people who both work and live in the same city in the area is Kent which depicts a people who both work and live in the same city of 25% (approximately 2.6 times bigger). Comparing people who both work and live in the same city to the United States average of 42%, Fairwood CDP-King County is approximately a quarter the size. Also, compared to the state of Washington, people who both work and live in the same city of 37%, Fairwood CDP-King County is approximately a quarter the size.

Fairwood CDP-King County Washington Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Fairwood CDP-King County shows it has the hightest median earnings of $136,146 for the earnings-protective service occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and Fairwood CDP-King County shows it has the hightest median earnings of $85,114 for the earnings-computer, engineering, and science occupations category. The table in Figure 48, shows Fairwood CDP-King County employment data in terms of job categories and salary data.

Fairwood CDP-King County Washington Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Fairwood CDP-King County shows it has the hightest entrepreneurs of 42% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Fairwood CDP-King County shows it has the hightest entrepreneurs of 33% for the self employed in professional, scientific, management, administrative services group.

In Figure 51 the average annual self employment/entrepreneur income is shown. Fairwood CDP-King County depicts it has a Self Employment Income of $63,739 which is the largest of all places in the surrounding region. Comparing average annual self employment income to the United States average of $39,154, Fairwood CDP-King County is 62.8% larger. Also, compared to the state of Washington, average annual self employment income of $39,075, Fairwood CDP-King County is 63.1% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Fairwood CDP-King County shows total number of self-employed men 13.0% larger as the total number of self-employed women.