Economy & Workforce
Improving Everett's economy, supporting local workers and businesses, and providing a good quality of life for all residents are key priorities for the City of Everett. Current work to improve these areas include:
- Offering strong workforce development programs and pipelines by supporting our local schools and colleges
- Providing internship opportunities through local colleges and Everett Career Link
- Updating the consolidated plan and housing strategy
- Continuing to champion supportive housing projects and housing for individuals at all income levels
- Actively working to bring new business opportunities and growth to the area to create jobs
Per Capita Income
Average money income received in the past 12 months for every adult and child in a geographic area. Life satisfaction is strongly correlated with per capita income. This is particularly true among disadvantaged countries, regions, and communities, because income gains in these places are associated with greatest increases in life satisfaction. Per Capita Income data was retrieved from the US Census Bureau's American Community Survey.
How is Everett trending?
Per capita income has trended higher in Everett by 47.5% since 2013 and has grown approximately 5% annually. The trend is higher than the United States per capita income growth of 36%, and slightly lower than the Washington State per capita income growth of 50.5%. The Per Capita Income Visualization shows the differences in per capita income within Everett.
Unemployment
Unemployed individuals are those without jobs who are able, available and actively seeking work. The unemployment rate is the number of unemployed people as a percentage of the total labor force (the total number of employed and unemployed non-institutionalized individuals 16 or older). The unemployment rate is seen as a lagging indicator for the strength of the economy, both national and regional. Unemployment data was retrieved from the US Census Bureau's American Community Survey.
How is Everett trending?
Unemployment is trending lower in Everett, and is lower than Washington state and the United States. The Unemployment Rate Visualization shows differences in unemployment within Everett.
Housing Affordability Index
The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home. A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. Lack of access to affordable housing can increase commute times (leading to lower quality of life) and higher rates of eviction. Housing affordability data was retrieved from the University of Washington Runstad Department of Real Estate Studies.
How is Snohomish County trending?
Housing affordability has been trending lower since 2013,
and the affordability index in Snohomish County is on par with the Washington state average. The Median Housing Price by Year Visualization shows the
increase in real estate prices since 2013.
Children in Poverty
Children in poverty is defined as the number of children under 18 living below the federally defined poverty line, expressed as a percentage of all children under 18. Childhood poverty is strongly and negatively correlated with children's mental, emotional, and behavioral health in childhood and long-term life opportunities. Children in low socioeconomic status households are less likely to graduate from high school and more likely to experience developmental and academic difficulties. Children in poverty data was retrieved from the US Census Bureau's American Community Survey.
How is Everett Trending?
Children living below the poverty line in Everett has decreased since 2013 and is lower than Washington State. The Children in Poverty Visualization shows differences in children living in poverty within Everett.