City of Puyallup
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Trade Area Description
Transitioning to become more diversified
Puyallup benefits from two regional retail centers; Downtown and South Hill. The South Hill district has created a retail focus to this regional trade area by serving Pierce and Southern King Counties. The 2004 Editor & Publisher Market Guide indicates that the total disposable income estimates have increased 21.4% from 2000 to 2004. With an estimated trade area population of 308,609, E & P reports that total retail sales estimates have increased 46.2% from 1997 to 2004. The trade area data reflects the retail buing potential of the market area.
Regional growth benefits Puyallup
Recently, Boeing opened its new aircraft assembly facilities in the South Hill area of Puyallup to provide over 10,000 additional jobs in the next several years.
Intel, the computer chip microprocessing manufacturer, completed development of a new facility in nearby Dupont, Washington. The creation of over 8,500 new technology jobs over the next several years is likely with addition of the Dupont plant. While exisitng economic sectors continue to provide an even stronger economic base, the energetic growth in the sectors of microelectronics and trade-related industries will serve to enhance this overall growth pattern.
The Port of Tacoma is providing many new economic trade opportunities as its deep water facilities continue to expand. As a result of this economic growth, population shifts to Puyallup's South Hill market from the west (Tacoma) and from the North (Seattle and King County) will continue to intensify.
Ten largest employers in the area
|
|
24,400 |
|
McChord Air Force Base |
5,000 |
|
Tacoma Public Schools |
3,300 |
|
|
3,200 |
|
|
2,900 |
|
|
2,600 |
|
|
2,313 |
|
Franciscan Health System |
2,270 |
|
City of |
2,200 |
|
|
2,000 |
|
|
1,940 |
|
|
2,850 |
Other Important Employers
BoeingCostco
Fred Meyer (Kroger)
Milgard Manufacturing
Port of Tacoma
Russell Investment Group
State Farm Insurance
Unemployment Rates
Pierce County Unemployment 5.8%Puyallup Unemployment 5.1%
Washington State Unemploymnet 5.8%
Labor Force
Labor Force 16,135Employment 15,319
Median household income
Puyallup $47,269
Pierce County $45,204
Median Home Price
Seattle $389,000Pierce County $221,000
Puyallup $239,552
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- The City of Puyallup recognizes the importance of environmental stewardship, energy efficiency and conservation in every part of the organization.