labor market evaluation & community overview thurston county, wa august 2013

LABOR MARKET EVALUATION & COMMUNITY OVERVIEWThurston County, WA

August 2013

2

Table of Contents

General Demographic Comparison

Target Occupation Concentrations

Average Labor Rate Comparison

Educational Attainment Statistics

Household Income Distribution

Cost of Living Indicators

Regional Map

3

General Demographic Comparison

30-MINUTE DRIVE TIME 1

THURSTON COUNTY, WA

PIERCE COUNTY, WA

KING COUNTY, WA

NATIONAL AVERAGE

POPULATION 430,129 261,531 824,874 2,004,559 N/A

POPULATION GROWTH (2013-2018) 5.81% 6.12% 6.18% 6.26% 3.32%

LABOR FORCE 215,405 134,364 427,413 1,140,544 N/A

UNEMPLOYMENT RATE 7.3% * 7.3% 8.4% 4.3% 7.6%

AVERAGE HOUSEHOLD INCOME $66,025 $73,534 $70,473 $93,403 $69,637

COST OF LIVING 112.2 * 112.2 112.8 144.0 100.0

TOTAL COLLEGE & UNIVERSITY ENROLLMENT 33,007 15,423 63,872 196,602 N/A

1. The 30-minute drive time is from the intersection of I-5 & Hwy 101

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Target Occupation Concentrations

30-MINUTE DRIVE TIME 1

THURSTON COUNTY, WA

PIERCE COUNTY, WA

KING COUNTY, WA

NATIONAL AVERAGE

Healthcare Occupations

Total Employees 13,987 7,578 23,661 78,134 N/A

% of Labor Force 6.49% 5.64% 5.54% 6.85% 6.83%

Business & Financial Operations

Total Employees 7,134 3,802 12,378 64,732 N/A

% of Labor Force 3.31% 2.83% 2.90% 5.68% 4.05%

Transportation & Material Moving

Total Employees 11,334 5,119 20,055 69,092 N/A

% of Labor Force 5.26% 3.81% 4.69% 6.06% 5.32%

Production Occupations

Total Employees 5,586 3,292 13,300 60,047 N/A

% of Labor Force 2.59% 2.45% 3.11% 5.27% 5.38%

1. The 30-minute drive time is from the intersection of I-5 & Hwy 101

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Average Labor Rate Comparison

Production Laborer Production Helper Machinist$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$14.75$15.36

$24.22

$15.81$16.47

$26.17

$16.16$16.83

$26.86

$14.03 $14.59

$23.09

Production Occupations

Thurston County Pierce County King County National Average

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Average Labor Rate Comparison

Warehouse Worker Order Filler Forklift Operator$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

$15.61$14.83

$16.35$16.66

$15.45

$17.52$17.34$16.36

$17.88

$14.94$14.24

$15.46

Transportation & Material Moving Occupations

Thurston County Pierce County King County National Average

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Average Labor Rate Comparison

Customer Service Rep Accountant Financial Analyst$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

$18.83

$26.40

$34.88

$19.63

$27.80

$36.47

$20.58

$29.49

$38.42

$17.83

$27.10

$35.39

Business & Financial Operations Occupations

Thurston County Pierce County King County National Average

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Average Labor Rate Comparison

Healthcare Support & Practitioner Occupations

Medical Assistant Registered Nurse$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$17.61

$35.90

$18.21

$37.52

$19.17

$38.02

$16.52

$33.99

Thurston County Pierce CountyKing County National Average

Thurston County

Pierce County

King County

National Average

$175,000

$180,000

$185,000

$190,000

$195,000

$200,000

$205,000

$210,000

$199,087

$201,951

$206,831

$186,299

General Practicioner

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Educational Attainment Statistics

30-Minute Drive Time Thurston County, WA Pierce County, WA King County, WA United States0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

Less than 9th grade Some High School, no diploma High School Graduate (or GED)Some College, no degree Associate Degree Bachelor's DegreeMaster's Degree Professional School Degree Doctorate Degree

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Household Income Distribution

Less than $15,000

$15,000 to $24,999

$25,000 to $34,999

$35,000 to $49,999

$50,000 to $74,999

$75,000 to $99,999

$100,000 to

$124,999

$125,000 to

$149,999

$150,000 to

$199,999

$200,000 to

$499,999

$500,000 or more

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30-Minute Drive Time Thurston County, WA Pierce County, WA King County, WA United States

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Cost of Living Indicators

Thurston County Pierce County King County National Average0

20

40

60

80

100

120

140

160

112.2 112.8

144

100

Cost of Living

30-Minute Drive Time

Thurston County

Pierce County

King County National Average

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$53,030$61,270

$57,324

$68,214

$49,297

Median Household Income

30-Minute Drive Time

Thurston County

Pierce County

King County National Average

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

Median Housing Value

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Regional Map

For additional information please contact:

Site Selection Group, LLC8300 Douglas Ave.Suite 700Dallas, TX 75225(214) 271-0580www.siteselectiongroup.com