Tuesday, August 19, 2008
Profile & Demographics: Area Economic Profile Print E-mail

2007 Area Economic Profile


 

Forest Grove

Wash County

Metro Region

Oregon

Population

July 1, 2006

20,380

500,585

2,121,910

3,690,160

% population growth 00-06

15.1%

12.4%

10.1%

7.9%

% population growth 1990-06

50.3%

60.7%

39.2%

29.8%

Population projection 2030

31,561

673,425

3,015,000

4,654,230

Median age 2000

31.3

33

34.9

36.3

Area size

(square miles)

4.99

727 sq mi.

397 –UGB

5,102-6 counties

96,002 sq. mi.

Labor Force

2004 Annual

9,600

264,193

1,092,507

1,856,237

Labor Force

10 mi radius

80,000

264,193

--

--

Unemployment Rate Jan 2007

8.6%

4.7%

5.1 %

5.0%

Unemployment Rate

2006 annual

8.1%

4.5%

5.1%

5.4%

Jobs in Community 2000

--

224,016

--

1,606,600

Jobs in Community 2004

6,271

224,216

946,100 (MSA)

1,593,700

% jobs manufact. 2004

34%

20%

13%

(PMSA OR portion)

12.5%

Jobs

Projection 2012

--

--

--

--

% Job Growth

03-04

1.3%

2.3%

1.6%

2.0%

% Job Growth

1990-2001

--

--

--

27.2%

Per Capita Income 2004

n/a

$34,300 (est.)

$35,215

$32,174

Median HH Income 2000

$40,135

$52,122

$47,077

$40,916

Median HH Income 1990

$24,162

$40,135

$32,425

$27,250

% Median HH Income growth 1990-2000

66%

47%

49%

50%

Median Family Income 2000

$47,733

$61,499

$55,669

$48,680

Median wage earnings 2000

Full Time

Male $36,139

Female $25,703

Male $43,304

Female $31,704

Male $40,214

Female $30,394

Male $35,588

Female $26,980

Average Wage

Annual 2005

$31,406##

$46,784

$41,719

$36,950

Avg.manufacturing Wage Annual 04

$40,599

$68,448

$54,414

$46,889

Avg. Wage increase

2003-2004

4.7%

5.8%

3.9%

3.4%

Poverty Rate

2000

14.3%

7.4%

9.5%

11.6%

% High School Diploma 2000

77.6

88.9

87.1

85.1

% 4-yr College degree 2000

21.2

34.5

30.3

25.1

Inflation Rate

2nd half 2006

2.5%

2.5%

2.5%

--

Housing Units

2000

6,702

178,913

793,837

1,452,709

% housing units

owner-occup.

2000

54.9%

60.6%

63%

64.3%

% housing units

rented

2000

45.1%

39.4%

37%

35.7%

Median Home Sales Price

2006

$250,000#

--

$274,200

--

Average home

Sales Price

2006

$288,000#

--

$318,000

--

12 month avg. appreciation

15.5%

--

17.7%

--

Median Home

Sales Price 2005

$183,000

$219, 579

$237,500

--

2005 median price appreciation

--

--

16.1%

--

Average Home

Sales Price 2005

243,500

--

$282,900

--

2005 avg price appreciation

17%

22%

15%

--

Median Condo

Price 2004

$60,500

$129,000

--

--

Median Rental cost

2000

$614

$720

$670

$620

Notes: Metro Region is PMSA , except where indicated.
† Data from Oregon Department of Employment/OLMIS Sept. 2005/mrch
†† Estimated. # 97116 zip code.