The information presented here is an overview of the Snohomish County economy. Its primary purpose is to support a comparative evaluation of our community as a location for new business ventures; the data also has value for those considering an expansion of an operating business. It is recognized that a deeper dive requires additional information. Please contact Matt Smith to request project-specific support.

Economic Indicators

Previous Versions

EASC is tracking key economic indicators to measure activity, employment, and overall vitality throughout the county. Click on the links below to view the statistics.

Workforce

Snohomish County is a blend of urban and suburban, white and blue collar.

Northern Snohomish County is the manufacturing center of Washington State. Twenty-two percent of our workforce is associated with manufacturing; over twice the State average. The assembly of commercial aircraft is significant in our local economy with over 44,000 jobs in both The Boeing Company and the associated supply chain. This supply chain, representing both products and services, is not limited to Boeing: many are doing business with Airbus while looking for opportunities with the growing list of single-aisle airframe manufacturers. Additionally, these suppliers have diversified to serve multiple markets including shipbuilding, defense, energy generation, and more.

Southern Snohomish County, with its proximity to Seattle, has a concentration of knowledgeable workers and life science companies. T-Mobile has an engineering technology center with a staff of 600 and Google has a facility in Bothell with 800 workers. On the life science side, we have a cluster of medical device companies with a specific focus in ultrasound diagnostics. Philips Healthcare and Sonosite have a combined workforce of 2,500. On the pharmaceutical side and smaller in scale, CMC Biologics has 300 scientists researching and producing pharmaceuticals on a contract basis. Juno Therapeutics has a facility to develop cell therapy technology for cancer treatment.

Snohomish County houses some of the best education systems in Washington State. The Washington State University Medical School at North Puget Sound provides first class medical training locally for students. Washington Aerospace Training and Research (WATR) Center offers shortened, fast-paced programs for students that prepare them for entry-level positions in the aerospace industry. Boeing is a main employer of these students after graduation. Everett Community College’s Advanced Manufacturing Training and Education Center (AMTEC) and the WATR Center are training their students in cutting-edge composite manufacturing and skills.

 

There is a noteworthy migration of workers between King County (Seattle) and Snohomish County on a daily basis.

Breakdown of our employed workforce, based on SOC codes.

SOC Standard Occupational Code (SOC) Description Employment
00-0000 Total All Occupations 254,030
43-0000 Office and Administrative Support Occupations 32,747
51-0000 Production Occupations 28,310
41-0000 Sales and Related Occupations 26,348
35-0000 Food Preparation and Serving-Related Occupations 19,908
17-0000 Architecture and Engineering Occupations 18,939
13-0000 Business and Financial Operations Occupations 15,651
53-0000 Transportation and Material Moving Occupations 13,766
25-0000 Education, Training and Library Occupations 12,821
47-0000 Construction and Extraction Occupations 12,292
11-0000 Management Occupations 10,431
49-0000 Installation, Maintenance, and Repair Occupations 10,235
29-0000 Healthcare Practitioners and Technical Occupations 9,917
39-0000 Personal Care and Serve Occupations 8,525
15-0000 Computer and Mathematical Occupations 7,768
37-0000 Building and Grounds Cleaning and Maintenance Occupations 7,541
31-0000  Healthcare Support Occupations 5,511
33-0000 Protective Service Occupations 5,317
21-0000 Community and Social Services Occupations 2,732
27-0000 Arts, Design, Entertainment, Sports and Media Occupations 2,215
19-0000 Life, Physical and Social Science Occupations 2,109
23-0000 Legal Occupations 886
45-0000 Farming, Fishing and Forestry Occupations 249

 

source - WA ESD 2014, utilizing 2013 survey data

 

Demographics

Sources- U.S. Census, WA ESD, Sperling's Best Places | Updated 2015

 Population, 2014 Estimate 759,583
Persons under 18 years 23.40%
Persons 65 years and over 11.70%
Persons 18-64 years 64.90%
Foreign born persons 14.30%
High school graduate or higher 91.10%
Bachelor's degree or higher 28.90%
Home ownership rate 66.80%
Housing units in multi-unit structures 25.30%
 Median home value $292,500
Median household income $68,381
Persons below poverty-level 10.40%
 Private business establishments 19,939
 Labor force (2015) 403,660
 Total employed (2015) 382,190
 Mean travel time to work, minutes 29.5
 Cost of living index (US average is 100) 127

 

Education & Training

Economic Alliance Snohomish County works closely and is co-located with Workforce Snohomish (Formerly Workforce Development Council). Workforce Snohomish oversees the implementation, local planning and management of the federal Workforce Investment Act in Snohomish County. Visit the Workforce Snohomish website for more information.
Snohomish County is home to numerous institutions offering a wide array of choices and diversity in degree programs—all aimed toward equipping today’s students with the skills and education necessary for prospering in the competitive and ever-advancing economy of tomorrow. Graduation statistics for any of the following institutions is available from EASC.

Private Universities & Colleges

CITY UNIVERSITY OF SEATTLE cityu.edu 1000 SE Everett Mall Way Everett, WA
COLUMBIA COLLEGE ccis.edu 2000 W Marine View Dr.

Everett, WA

EMBRY RIDDLE AERONAUTICAL UNIVERSITY
worldwide.erau.edu 2333 Seaway Blvd. Room 226 Everett, WA
EVEREST COLLEGE everest.edu 906 SE Everett Mall Way #600 Everett, WA

Public Universities & Colleges

CENTRAL WASHINGTON UNIVERSITY
-LYNNWOOD
cwu.edu/lynnwood 20000 68th Ave. W Lynnwood, WA
NORTHWEST INDIAN COLLEGE -TULALIP nwic.edu 7707 36th Ave NW Tulalip, WA
WASHINGTON STATE UNIVERSITY
NORTH PUGET SOUND AT EVERETT
everett.wsu.edu
Gray Wolf Hall 2000 Tower Street
-MS 45

Everett, WA

UNIVERSITY OF WASHINGTON BOTHELL uwb.edu 18115 Campus Way NE Bothell, WA
EVERETT UNIVERSITY CENTER

  • Eastern Washington University
  • The Evergreen State College
  • Hope International University
  • University Washington- Bothell
  • Washington State University
  • Western Washington Universit
everettuc.org 2000 Tower Street Everett, WA

Community & Technical Colleges

CASCADIA COLLEGE cascadia.edu 18345 Campus Way NE Bothell, WA
CENTER OF EXCELLENCE
FOR AEROSPACE & ADVANCED
MANUFACTURING
coeaerospace.com
9711 32nd Place West
Building C-80
Everett, WA
EDMONDS COMMUNITY COLLEGE edcc.edu 20000 68th Ave. W

Lynnwood, WA

EVERETT COMMUNITY COLLEGE everettcc.edu 2000 Tower Street Everett, WA
LAKE WASHINGTON 
TECHNICAL COLLEGE
lwtech.edu 11605 132nd Ave. NE Kirkland, WA


Information about specific workforce training initiatives and funding programs is available from the WA State Board for Community & Technical Colleges.

 

Taxes & Incentives

Washington State takes an atypical approach to taxation. Businesses in Washington (and Snohomish County) will pay:

  • No corporate income tax
  • No personal income tax
  • No unitary tax (VAT)
  • No inventory tax
  • No tax on interest, dividends or capital gains

Business and Occupation Tax (B&O)

In place of a corporate income tax, Washington levies a B&O tax on the gross receipts of business activity occurring in the State. The primary rate classifications are:

Classification Rate (applied to receipts)
Manufacturing (general) 0.484%
Manufacturing (aerospace - incl. parts, assemblies, and tooling) 0.2904%
Wholesaling 0.484%
Retailing 0.471%
Aerospace Product Development 0.9%
Services 1.5%

Complete information on the B&O tax and additional rate categories can be found through the Department of Revenue.


Property Tax

Property taxes are assessed and collected by the County government. Taxes are distributed to the County, cities, school districts, hospital district, libraries and the State.

Real Property Tax Rate 2015 county average
$12.02 per $1000 of assessed value, at 100% of market value.

Personal Property Tax Rate 2015 county average
$12.02 per $1000 of assessed value, at 100% of market value. Detailed property tax information is available through the Snohomish County Assessor.


Leasehold Tax

Businesses operating on public property (e.g. airport property, municipal property) pay a leasehold tax in lieu of property tax. The tax rate is 12.84% of the rent paid.


Retail Sales and Use Tax

The Retail Sales Tax is Washington’s principal tax source. Businesses making retail sales in Washington collect sales tax from their customer. A retail sale is the sale of tangible personal property. It is also the sale of services such as installation, repair, cleaning, altering, improving, construction, and decorating. Major exemptions to the sales tax include purchases for resale, groceries and prescription drugs, interstate and foreign sales, and manufacturing/processing equipment.

The Use Tax is applied on taxable items purchased in another state if that state did not collect sales tax. Use Tax rates are the same as Sales Tax.

  • Local Tax
    1.2% - 3.0%
  • State Tax
    6.5% 
  • Total
    7.7% - 9.5% 

Complete information on the Sales and Use Tax can be found through the Department of Revenue.


Local Taxes

Snohomish County cities use the issuance of the business license as their taxing vehicle. These license fees are not consistent from city to city. Some are a flat fee, some are assessed based on the number of employees or employee hours worked during the calendar year. The City of Everett uses the local option Business and Occupation Tax, assessed on gross revenues earned at the rate of 0.10%. There is no license required on businesses located in unincorporated Snohomish County. Please contact EASC for additional information or refer to specific City websites.


State Tax Incentive Programs Deferrals, Exemptions, and Credits

Washington State has an extensive assortment of tax incentives which are difficult to present here. We highlight below those that are most frequently of interest to business located in Snohomish County. This link directs you to a pdf with a complete overview of what is available at the Washington State Department of Revenue.

Aerospace firms incentives:
  • Reduced B&O Tax rate for aerospace manufacturing.
  • Credit against the B&O Tax for preproduction development expenditures.
  • Credit against the B&O Tax for property/leasehold taxes paid on aerospace manufacturing facilities.
  • Sales & Use Tax exemption for computer hardware/software and peripherals.

 

High technology firms incentives:
  • Manufacturers of solar energy systems/components can take advantage of a reduced B&O Tax rate. Additionally, installed equipment for the generation of alternative energy is exempt from the Sales Tax.

 

Agriculture & food processing incentives:
  • B&O Tax exemption/deduction for manufacturers of fresh fruits and vegetables, seafood, and dairy products.

 

There are two primary programs providing financial support for job training:
  • The Job Skills Program offers customized training through the Community College system with 50% cost share by the State.
  • The Customized Employment Training Program provides a credit against the B&O Tax for 50% of training costs.

All manufacturing equipment is exempt from Sales Tax.

Industry & Major Employers

Industry Sectors in Snohomish County - With Employment Levels

Total Employment (non-farm)
280,100
Total Private 241,800
Goods Producing 83,700
Mining, Logging, Construction 20,300
Manufacturing 63,400
Aerospace 43,900
Service Providing 196,400
Trade, Transportation, Utilities 46,000
Information 5,800
Financial Activities 12,400
Professional / Business Services 24,600
Education and Health Services 33,300
Leisure and Hospitality  25,700
Other Services 10,300
Government 38,300

Source: WA ESD, July 2015, preliminary

Snohomish County's Largest Employers

Snohomish County is home to over 20,000 businesses, ranging from small family farms specializing in organic foods, to the world’s largest advanced manufacturing facility producing state-of art aerospace equipment. The fifty largest employers account for over 100,000 jobs, or about 35% of the County’s total employment.

A full list of the 2015 Fifty (50) Largest Employers in Snohomish County can be found HERE

The table below shows the Top 20 private and public sector employers in Snohomish County as of 2015.

Rank Company Business Line Total 2015 Private / Public
1  The Boeing Company Aircraft Manufacturing 38,000 Private
2  Naval Station Everett U.S. Navy Base 6,500 Public
3  Washington State (includes colleges) State Government 5,400 Public
4  Providence Regional Medical Center Medical Services 3,500 Private
5  Tulalip Tribes Enterprises Gaming, Real Estate, Gov't Services 3,200 Private/Public
6  Snohomish County Government County Government 2,700 Public
7   Premera Blue Cross Heath Insurer 2,400 Private
8   Everett Clinic Heath Care 2,150 Private
9  Walmart Retail 2,056 Private
10  Everett School District School District 2,025 Public
11   Edmonds School District School District 1,865 Public
12   Swedish Edmonds Hospital Health Care 1,850 Private
13  Philips Medical Systems Ultrasound Technology 1,800 Private
14  Marysville School District School District 1,693 Public
15  Fred Meyer Retail - Grocery 1,650 Private
16  Safeway Retail- Grocery 1,350 Private
17  City of Everett City Government 1,327 Public
18  Fluke Corp. (Danaher) Electronic Test & Measurement 1,200 Private
19  Monroe Correctional Complex State Gov't - Corrections 1,000 Public
20  Aviation Technical Services Aircraft Repair/Maintenance/Parts 1,000 Private

Our metropolitan area is the headquarters for firms with national and worldwide recognition, including:

COMAPNY INDUSTRY
Alaska Airlines Airline
Amazon.com Online Shopping
Coinstar/ Redbox Vending Equipment
Costco Retail
Expedia.com Online Travel
Microsoft Hardware / Software
Nintendo Video Gaming
Nordstrom Retail
Recreational Equipment Inc. (REI) Outdoor clothing/equipment
Starbucks Coffee

Information about companies by industry is available. Please contact Matt Smith at 425.248.4214.

Infrastructure

Transportation

  • PORTS

    The region has multiple deep-water port facilities offering service to destinations worldwide. The Port of Everett is located in the center of Snohomish County. Container, break-bulk and barge facilities are available for cargo movement. The Port operates Foreign Trade Zone #85 and is the largest recreational marina on the US West Coast. The Ports of Seattle and Tacoma (located 25 and 55 miles south respectively) have numerous scheduled liner services. Seattle handles 2.1 Million TEU’s annually; Tacoma handles 1.9 Million TEU’s. The Port of Edmonds in South Snohomish County offers marina facilities for the recreational boater.

  • AIR SERVICE

    Seattle-Tacoma International Airport (SeaTac) is the primary airport serving the region; it offers commercial passenger and cargo service worldwide and is approximately 40 miles south of Everett.  Snohomish County Airport Paine Field is a full-service general aviation airport adjacent to the Boeing Everett plant that accommodates the largest aircraft.  Scheduled commercial passenger service is not currently available but is under review.

  • HIGHWAYS

    The Interstate 5 Freeway runs north/south from the Canadian border to Mexico. It traverses Snohomish County, providing direct trucking links throughout the West Coast. Seattle is the western terminus for Interstate 90, the major east/west freeway for the northern U.S. that takes you to Boston. For Fiscal Years 2012-15, $435 million in Snohomish County highway projects are funded.

  • RAIL

    The Burlington Northern/Santa Fe Railroad owns the freight rail network in Snohomish County. The Union Pacific brings freight as far as their Seattle yard. Sound Transit offers commuter rail service connecting Everett in the north through Seattle to the City of Tacoma in the south. The Sound Transit regional light rail system is under construction; when complete the system will take a traveler from Everett to the SeaTac Airport.

  • FERRY SERVICE

    The Washington State Ferry System is an extension of the state highway system and is the largest of its kind in the world.  On a daily basis, it transports thousands of workers in and out of Snohomish County from residential communities across the water.

  • BUS SERVICE

    Community Transit, Everett Transit and Sound Transit are the three main transit authorities serving Snohomish County.

Utilities

  • ELECTRICITY
    Electricity in the county is provided by Snohomish County Public Utility District No. 1 (PUD). The PUD is publicly-owned by the residents of the county. The PUD purchases 80% of its power from the Bonneville Power Administration (BPA), an entity of the US Department of Energy.  BPA power is generated by hydroelectric dams, a renewable resource. The PUD has power purchase agreements for biomass and wind-generated electricity.  It is evaluating investments in tidal, geothermal and other sources of renewable, sustainable power.  86% of the power supplied by the PUD comes from renewable resources. General Service – Medium Load (Schedule 20) rates range from $0.06-08/kWh. Snohomish County PUD Rate Schedule
  • GAS
    Distribution of natural gas in Snohomish County is provided by Puget Sound Energy (PSE), a regional, investor-owned utility. Natural gas comes primarily from Canada. PSE is taking an active interest in renewable power for distribution in counties where they also provide electricity.  They operated three wind farms which generate 773 megawatts of electricity. A 500 kW solar project is located at one of the windfarms. Gas rates are based on a variable cost of gas plus a delivery charge of $0.31527 per therm (Commercial Industrial General Service No. 31). PSE Rate Schedule
  • WATER/ WASTEWATER
    Water and wastewater service in most of Snohomish County is provided through the City of Everett, supplemented by local resources. The City’s systems were originally developed to serve a pulp and paper industry that is no longer present. Significant capacity is available. City of Everett Water Service Rate

Industrial Property Listings

 

Use this tool to search for industrial land and buildings currently listed in Snohomish County.