Competitive Review


competitive

Strengths

  • Situated in an emerging growth corridor for King County
  • Serves the young and affluent through strong retail core
  • Provides an excellent location for businesses
  • Creates an opportunity for secondary employers
  • Offers a competitive position within the market area  
  • Includes land for future development
  • Parks and outdoor recreation opportunities

Weaknesses

  • Suffers from traffic congestion from the Kent-Kangley / SR 516 Highway corridor
  • Lack of family wage jobs
  • Limited shovel-ready development opportunities

 

 

Covington

Kent

Auburn

Maple Valley

Renton

Tukwila

Population- April 1, 2015

18,520

122,900

65,950

27,700

98,470

19,300

Avg. Prop Tax/$1,000 AV

$12.94

$13.20

$15.63

$15.79

$14.25

$13.04

Electric Utility

6%

6%

6%

6%

6%

6%

Cable TV

6%

5% Franchise;
6% Utility

5% Franchise; 1% Utility

5% Franchise;
3% Utility

6%

6%

B&O

N/A

Varies 0.046%-0.152%

N/A

N/A

0.05% Retail; 0.085% Other

N/A

Admissions

N/A

5%

5%

N/A

5%

5%

Business License Fees

$60/ year

Varies

$50/ year

Varies $10-$100

Varies, $110 minimum

Varies, $67 minimum

Renewals- Business

 

Varies

 

 Varies

 Varies

 Varies

Owner-Occupied Housing Units

85%

53.5%

59.4%

80.3%

49.2%

43%

 

Sources:  2015 King County Assessor’s data; Survey of Area Cities; 2015 Population Report, State of Washington Office of Financial Management; U.S. Census; City of Covington; City of Kent; City of Auburn; City of Maple Valley; City of Renton; City of Tukwila