King County, Washington, is a dynamic and diverse region that serves as the economic and cultural hub of the Pacific Northwest. This report provides an in-depth analysis of the county's demographics, economic landscape, key industries, and socio-economic indicators.
Demographics
As of July 1, 2023, King County's population was estimated at 2,271,380, making it the most populous county in Washington State. The population has grown by 0.1% since April 2020. The median age is 38.4 years, with a gender distribution of approximately 50.71% male and 49.29% female. The county is ethnically diverse:
- White (non-Hispanic): 54.2%
- Asian (non-Hispanic): 19.8%
- Hispanic or Latino: 10.7%
- Black or African American (non-Hispanic): 6.5%
- Two or more races: 6.8%
- Other races: 2%
Approximately 25.1% of residents are foreign-born, and 30.1% speak a language other than English at home.
Economic Overview
King County boasts a robust economy with a Gross Domestic Product (GDP) of approximately $406.2 billion in 2022, reflecting a 2.8% growth from the previous year. The county's GDP per capita stands at $180,173, significantly higher than the state average of $96,000 and the national average of $77,754. The economy is predominantly service-oriented, with 84.3% of the GDP derived from service-providing sectors.
Key Industries
The leading employment sectors in King County include:
- Government: Employing approximately 173,135 individuals.
- Health Care and Social Assistance: 160,135 employees.
- Professional, Scientific, and Technical Services: 154,638 employees.
- Information: 134,548 employees.
- Accommodation and Food Services: 107,610 employees.
The average annual wage in the county is $120,463, with the Information sector leading at $251,151.
Employment Trends
King County's employment growth has outpaced many peer counties and the national average since 2001, with a total employment increase of 17.9% from 2001 to 2020. This growth is attributed to the expansion of the Information, Manufacturing, and Professional and Business Services sectors.
Income and Poverty
The median household income in King County is $122,148, with a per capita income of $71,062. The poverty rate stands at 8.8%.
Housing and Cost of Living
The median value of owner-occupied housing units is $811,200, with a median gross rent of $2,035. Approximately 18% of residents experience severe housing problems, including overcrowding and high housing costs.
Health and Environment
King County residents benefit from high access to healthcare services, with a lower uninsured rate and high flu vaccination rates. However, the area faces challenges such as higher levels of fine particulate matter pollution and significant childcare costs.
