King County Income Charts

This section shows the 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, King County depicts it has a Median earnings of $71,340 which is the most of all counties in the metro area. Comparing median earnings per worker to the United States average of $49,041, King County is 45.5% larger. Also, measured against the state of Washington, median earnings per worker of $56,651, King County is 25.9% 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 $94,974 which is the largest of all counties in the greater King County region. Comparing median household income to the United States average of $62,843, King County is 51.1% larger. Also, benchmarked against the state of Washington, median household income of $73,775, King County is 28.7% larger.

The next section examines a variety of different income statistics for the King County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.8% of the total. Second, it has the smallest proportion of earnings between $10,000 and $14,999 at 4.2% of the total. Third, it has the smallest proportion of earnings between $15,000 and $19,999 at 24.4% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 23.5% 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 39.0 which is the second most average hours of all the counties in the greater King County region. The county with the highest average hours in the area is Kitsap County which depicts an average hours of 41.2 (only about 5.6% 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 $35.18 which is the largest of all counties in the greater King County region. Comparing average hourly earnings to the United States average of $24.31, King County is 44.7% larger. Also, in comparison with the state of Washington, average hourly earnings of $28.22, King County is 24.6% larger.

Figure 7 examines the number of self employed people in the King County metro area based on the number of people who reported any self employment income. King County shows it has a Self Employed of 13.3% which is the second most of all the counties in the local area. The county with the highest percentage of people self employed in the area is Kittitas County which shows a percentage self employed of 13.6% ( only slightly larger).

Turning our attention to Figure 8, the median household income by age group, it has the largest proportion of median income-under 25 years at $105,837 of the total and is ranked #1. Second, it has the largest proportion of median income-25 to 44 years at $110,999 of the total and is ranked #1. Third, it has one of the largest proportions of median income-45 to 64 years at $58,202 of the total and is ranked #3. Only #2 Island County ($58,393), and #1 Kitsap County ($58,875) are larger.

Figure 9 breaks down the source of income and King County has the smallest proportion of investment and retirement income at 3.7% of the total. Second, it has the smallest proportion of social security at 0.3% of the total.

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 15.4% which is the smallest when sorted by households with retirement income of all the other counties in the local area. The county with the highest households with retirement income in the area is Island County which depicts a households with retirement income of 35.4% (approximately 2.3 times bigger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has the largest proportion of overall family income at $128,352 of the total and is ranked #1. Second, it has the second smallest as measured by overall family income of all the other counties in the area when ranked by white family income at $55,942 of the total. Third, it has the second smallest as measured by overall family income of all the other counties in the local area when sorted by black family income at $56,893 of the total. Also, it has the largest proportion of american indian family income at $125,521 of the total and is ranked #1. In addition, it has less than most other counties in the local area in order of asian family income at $73,457 of the total. Furthermore, it has one of the largest proportions of hawaiian family income at $66,488 of the total and is ranked #3. Only #2 Snohomish County ($70,343), and #1 Kitsap County ($70,941) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. King County shows it has the hightest cost of 208.9 for the cost of housing grouping.

King County 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 Wuhan virus Pandemic the monthly unemployment rate went from 9.5% to 2.4% in February 2020. This represents a decrease in the monthly unemployment rate of 74.7%. Since that time, the monthly unemployment rate has gone to 4.7% This represents an increase in the monthly unemployment rate of 95.8%. 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 shows that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 1,110,610 to 1,310,240 in February 2020. This represents an increase in the monthly labor force participation of 18.0%. Since that time, the monthly labor force participation has gone to 1,263,930 This represents a decrease in the monthly labor force participation of 3.5%.

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 King County depicts it has a Unemployment Rate of 3.0% which is in the mid range of other counties in the metro area. The county with the highest unemployment rate in the area is Thurston County which shows a rate of 3.9% (31.3% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. King County shows it has a Labor Force Participation of 70.3% which is the largest of all counties in the local area.

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). King County has the smallest proportion of unemployed at 29.7% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. King County depicts full time employees approximately 3.6 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 King County area. King County depicts it has a Single Earner Families of 28.3% which is the second smallest when sorted by families with a single earner of all the other counties in the metro area. The county with the highest families with a single earner in the area is Pierce County which depicts a single earners rate of 30.4% (7.3% larger). The percentage of families with no one working is depicted in Figure 22. King County depicts it has a Families with No One Working of 11.1% which is the smallest when ranked by families with no one working of all the other counties in the local area. The county with the highest families with no one working in the area is Island County which shows a families with no worker of 27.0% (approximately 2.4 times bigger).

King County Poverty Charts

The next section details economy analysis about poverty for residents of the 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. King County depicts it has a Total In Poverty of 193,603 which is the highest of all counties in the greater King County region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. King County depicts it has a Percent of Population In Poverty of 8.9% which is in the center range of other counties in the local area. The county with the highest percent of people earning less than the poverty level in the area is Kittitas County which depicts a percent of people in poverty of 18.0% (about twice as large).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. King County has the largest proportion of white poverty rate at 24% 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.) King County depicts it has a Public Assistance Percent of 9.2% which is the second smallest when sorted by households with public assistance of all the other counties in the surrounding region. The county with the highest households with public assistance in the area is Pierce County which shows a households with public assistance of 13.6% (47.0% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). King County shows it has a Gini Index of 46.7% which is the largest of all counties in the metro area.

King County Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the King County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) King County has the largest proportion of people who drive a car or motorcycle to work at 14% of the total and is ranked #1. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown King County or elsewhere.) King County has the smallest proportion of people who drove alone at 62% of the total. Second, it has the largest proportion of people who take the bus at 12% of the total and is ranked #1. Third, it has the largest proportion of people who take a Subway or elevated rail at 1% of the total and is ranked #1. Also, it has the largest proportion of people who take Light rail, streetcar or trolley at 0% of the total and is ranked #1. In addition, it has the largest proportion of people who bike at 2% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. King County has the smallest proportion of people who leave for work between 12am to 5am at 3% of the total. Second, it has the smallest proportion of people who leave for work between 5am to 530am at 4% of the total. Third, it has the largest proportion of people who leave for work between 730 am to 8am at 12% of the total and is ranked #1. Also, it has the largest proportion of people who leave for work between 8am to 830am at 8% of the total and is ranked #1. In addition, it has the largest proportion of people who leave for work between 830 am to 9am at 10% of the total and is ranked #1. Furthermore, it has the largest proportion of people who leave for work between 9am to 10am at 4% of the total and is ranked #1. Next it has the smallest proportion of people who leave for work between 11am to 12noon at 6% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. King County has the smallest proportion of people with commute time of less than 5 minutesutes at 6% of the total. Second, it has the smallest proportion of people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the largest proportion of people with commute time between 20 to 24 minutes at 7% of the total and is ranked #1. Also, it has the largest proportion of people with commute time between 25 to 29 minutes at 17% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 30 to 34 minutes at 4% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 35 to 39 minutes at 6% of the total and is ranked #1. Next it has the smallest proportion of people with commute time between 60 to 89 minutes at 2% of the total.

The average commute time is shown in Figure 37. King County depicts it has a Avg Commute Time of 30 which is in the middle range of other counties in the area. Figure 38 shows the difference between male versus female commuting time. King County shows average commute time in minutes for men 27.4% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and King County has the largest proportion of no vehicle available at 25% of the total and is ranked #1. Second, it has the smallest proportion of 2 vehicles available at 18% of the total. Third, it has the smallest proportion of 3 vehicles available at 7% of the total. Also, it has the smallest proportion of 4 vehicles available at 4% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) King County depicts it has a Work in city or place where live of 42% which is the second most people who both work and live in the same city of all the counties in the greater King County region. The county with the highest people who both work and live in the same city in the area is Kittitas County which depicts a people who both work and live in the same city of 63% (48.7% larger). Comparing people who both work and live in the same city to the United States average of 42%, King County is about the same size. Also, measured against the state of Washington, people who both work and live in the same city of 37%, King County is 14.3% larger.

King County 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. King County depicts it has the hightest median earnings of $123,857 for the earnings-computer, engineering, and science occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and King County depicts it has the hightest median earnings of $96,097 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows King County employment data in terms of job categories and salary data.

King County 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. King County shows it has the hightest entrepreneurs of 60% for the self employed management, business, science, and arts businesses classification.

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. King County depicts it has the hightest entrepreneurs of 31% for the self employed in professional, scientific, management, administrative services aggregate.

In Figure 51 the average annual self employment/entrepreneur income is shown. King County shows it has a Self Employment Income of $45,562 which is the largest of all counties in the greater King County region. Comparing average annual self employment income to the United States average of $39,154, King County is 16.4% larger. Also, compared to the state of Washington, average annual self employment income of $39,075, King County is 16.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) King County depicts total number of self-employed men 31.6% larger as the total number of self-employed women.