King County Economic Indicators
From 1995 until 2009, the King County Benchmark Program tracked various indicators to show the impact of policies and practices related to land use and development on the quality of life in King County. Organized around the structure of the King County Comprehensive Planning Policies, the program focused on five growth management issues: affordable housing, economy, environment, land use, and transportation. Unfortunately, staffing constraints within the Office of Performance, Strategy, and Budget have precluded any program updates since 2009.
The Office of Economic and Financial Analysis ("OEFA") has revived a portion of the Benchmark program, specifically that related to the King County economy. The countywide planning policies updated in 2012 describe the overarching goal for the King County economy as follows: People throughout King County have opportunities to prosper and enjoy a high quality of life through economic growth and job creation.
OEFA tracks a number of local economic indicators. Our intent is to provide periodic updates to the economic indicators covered in the previous Benchmark Program and also to expand the scope to include topical data analyzing King County's progress in achieving the goal of providing people throughout King County with opportunities to prosper through economic growth.
Educational Attainment in King County (Last updated: March 2017)
Household Income in King County (Last updated: June 2015)
Demographic Trends of King County (Last updated: October 2015)
Employment Trends in King County (Last updated: May 2016)
General Indicators for the King County Economy
Employment: Total employment in King County grew by 3.2% in 2015. The unemployment rate was 4.4% as of July 2016.
Average Wages: The average annual wage in King County in 2014 was $70,589. The median hourly wage was $27.82.
Median Household Income: Median household income in King County in 2014 was $75,834.
Poverty Status: The poverty rate for King County in 2014 was estimated at 11.2%.
Educational Attainment: 48.6% of King County residents age 25 or older held a bachelor’s degree or higher in 2014.
Data for total employment, unemployment, annual wages, and hourly wages taken from Washington State Employment Security Department.
Data for household income by race/ethnicity, poverty status by race/ethnicity, and educational attainment taken from the American Community Survey via the US Census Bureau.