Aerospace Industry in Federal Way

Data updated 4/30/23

Federal Way is a hotspot for this kind of talent. The national average for an area this size is 148* employees, while there are 338 here.

Earnings per job are above the national average. The national average salary for your industries in an area this size is $141,363, while in your area it is $174,652. Earnings per jobs is the total industry earnings divided by the number of jobs in the industry.

Economy

$174k

Average Earnings Per Job

338

Industry Jobs

-16%

Past Growth (2017 - 2022)

-9%

Projected Growth (2022 - 2027)

Comparison to Other Areas

How Federal Way stacks up

Data


METHODOLOGY

This report includes totalling 125,450 data points from 30 measures, collected from 2 public sources (described below). We also estimated 21,627 data points based on our estimation and projection methodology.

Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.


SOURCES
  • American Community Survey

    Website: https://www.census.gov/programs-surveys/acs/data.html
    Data Year: 2029

    The American Community Survey (ACS) publishes a rolling 5-year average profile of American communities.

    Measures

    Population, Race, Median Household Income, Unemployed Population, Employed Population, Population Below Poverty Level, Population with High School Diploma, Population with College Degree, Households, Median Home Value, Median Rent, Rent as Percentage of Income, Median Age, Poverty Rate, Percentage with High School Diploma, Percentage with College Degree, Unemployment Percentage

    Populations

    Total, White alone, Black or African American alone, American Indian and Alaska Native alone, Asian alone, Native Hawaiian and Other Pacific Islander alone, Some other race alone, Two or more races:

  • Quarterly Census of Employment and Wages

    Website: https://www.bls.gov/cew/
    Data Year: 2029

    The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry.

    Measures

    Total Annual Wages, Taxable Annual Wages, Firms, Employment Level, Annual Contributions, Employment Growth (YoY Change), Firms (YoY Change), Wage Growth (YoY Change), Yearly Pay Growth (YoY Change), Average Industry Pay, Employment vs US Average, Wages vs US Average, Yearly Pay vs US Average

    Populations

    927 - Space Research and Technology, , 336411 - Aircraft Manufacturing, 336412 - Aircraft Engine and Engine Parts Manufacturing, 336414 - Guided Missile and Space Vehicle Manufacturing, 336415 - Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing, 336413 - Other Aircraft Parts and Auxiliary Equipment Manufacturing, 336419 - Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing