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2023/10/04 Council Agenda Packet
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2023/10/04 Council Agenda Packet
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10/5/2023 9:53:55 AM
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Council Agenda Packet
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10/4/2023
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So What? <br />•86.5% (71.2k) of City’s Workforce Lives Elsewhere (2020) <br />•81.9% (50.6k) in 2002 <br />•Difference of 20,500, percentage offset by increasing City population* <br />•Impact on economic productivity, GHG reduction goals, healthcare <br />•Increasing inflation pressure that affects all households <br />•Unquantifiable costs –less time with children, participating in community <br />“You Must be This Tall to <br />Ride” <br />This Many Workers <br />ARE NOT** <br />“Have You Tried Marriage?” <br />(Req. Income ÷2) <br />1 Bedroom $74,800/yr (3x rent)1,199,460 191,320 <br />2 Bedroom $85,480/yr (3x rent)1,412,280 457,000 <br />3 Bedroom $100,400/yr (3x rent)1,514,500 791,210 <br />Townhome/Condo $82,334/yr (10% DPMT)1,332,830 446,790 <br />Single Family Home $130,270/yr (10% DPMT)1,788,980 1,038,900 <br />* Source: US Census Bureau LEHD OnTheMap <br />** Source: US Bureau of Labor Statistics Seattle-Tacoma-Bellevue Occupational Employment & Wage Survey, May 2022
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