| | Greater Wichita Facts-at-a-Glance
|
Wichita MSA Metro Quick Facts
|
|
|
Population
|
612,683
|
|
Civilian Labor Force
|
316,388 |
|
Unemployed
|
26,669 |
|
Unemployment Rate
|
8.4% |
| Manufacturing Employment (Percent of Total) |
53,600 (19%) |
|
Over double the national manufacturing percentage of 9%.
According to Industry Week magazine (April 2001): Wichita Ranks #1
in manufacturing among metro areas with populations under one million,
and 13th overall among the top manufacturing cities in the United States.
Much of the workforce is accustomed to shift work due to the industrial
history of the area.
|
|
| Average Annual Pay - All Sectors |
$38,350 |
| $3,920 or 9.3% below the national average of $42,270 |
|
Population Source: U.S. Census Bureau (July 2009)
Civilian Labor Force, Unemployed, Unemployment Rate Source: Kansas Dept. of Labor, four-county MSA (July 2010)
Manufacturing Employment Source: Federal Bureau of Labor Statistics, four-county MSA (July 2010)
Average Annual Pay Source: Federal Bureau of Labor Statistics (May 2008)
Educational Attainment
Nearly 89% of residents age 25 and over are high school graduates. About 7% hold associate degrees, 19% hold bachelor's degrees and 9% have advanced degrees. Another 27% have some college credit. Wichita public schools were among the first in the U.S. to incorporate workplace skill standards into curriculum development and graduation requirements. In April 2000, Wichita voters approved (by a 2-to-1 margin) a $284 million school bond issue to fund new school buildings, modernization and expansion of existing schools and enhanced student computer facilities. The funding also provided for installation of air conditioning in every school facility. As of August 2001, all bond projects were substantially completed. On November 4, 2008, voters approved a $370 million bond issue to add 275 new classrooms, 6 new schools, and 60 storm shelters. In addition, the money will pay for upgrades to technical education programs and renovations to athletic and fine arts facilities.
Source: U.S. Census Bureau (2008)
|
Quick Facts
|
|
| Median Age |
35.4 |
| Kansas Corporate Income Tax -- Marginal Rate (TY 2010) |
7.05% |
| Typical Wichita Commercial Property Tax |
3.009% |
|
Percent of appraised market value
($30.09 per $1,000 of appraised value)
|
|
| Combined State & Local Sales Tax (Sedgwick County) |
6.30% |
| Kansas Manufacturing Worker's Comp Cost Index |
0.923 |
| Nearly 8% below the national average of 1.000 |
|
| Economical and Reliable Utilities |
99.976% |
|
Wichita area electric power is extremely reliable (99.976% uptime).
Large commercial-industrial rates are generally in the 4.0 - 6.0 cent
per kwh range. Large volume natural gas customers purchasing open
market commodity gas can obtain transportation (delivery) rates in the
range of $0.06 to $0.08 per Therm ($0.59 to $0.78 per MCF). Combined
water/sewer charges run as low as $2.08 per 1,000 gallons. It is not
necessary to qualify for economic development incentives
to obtain such rates.
|
|
| EPA Air Quality Attainment Area |
YES |
|
South Central Kansas is an EPA air quality attainment
area in which environmental regulation does not exceed
federal EPA requirements.
|
|
| Overall Cost of Living Index |
90.8 |
| About 9% below the national urban area average of 100 |
|
| Existing (Previously Owned) Single-Family Home Median Sale Price |
$115,200 |
| $57,700 or 33% below the national median price of $172,900 |
|
| Newly-Built Single-Family Home Median Sale Price |
$189,898 |
| $23,402 or 11% below the national median price of $213,300 |
|
| Two-Bedroom Apartment Average Rent |
$646 |
|
$171 or 21% lower than the national average of $817
(Unfurnished 950 sq ft, 11⁄2 or 2 bath, stove, refrigerator,
water/sewer in rent)
|
|
| Violent Crime Rate (City of Wichita -- per 100,000 population) |
446 |
| Property Crime Rate (City of Wichita -- per 100,000 population) |
2,506 |
| Average One-Way Commute Time |
18.7 minutes |
|
Approximately 27% shorter than the national average
of 25.5 minutes
|
|
Median Age Source: U.S. Census Bureau (2008)
Kansas Corporate Income Tax Source: Kansas Dept. of Revenue
Typical Wichita Commercial Property Tax Source: Sedgwick County Clerk
Combined State & Local Sales Tax Source: Kansas Dept. of Revenue
Kansas Manufacturing Worker's Comp Cost Index Source: Actuarial & Technical Solutions (2008)
Economical and Reliable Utilities Source: Utility Providers
EPA Air Quality Attainment Area Source: Kansas Dept. of Health & Environment
Overall Cost of Living Index Source: ACCRA Cost of Living Survey (Q3-2009)
Existing Single-Family Home Median Sale Price Source: National Association of Realtors (Q4-2009)
Newly-Built Single-Family Home Median Sale Price Source: National Association of Realtors (2009) and Wichita Area Association of Realtors (2009)
Two-Bedroom Apartment Average Rent Source: ACCRA Cost of Living Survey (Q3-2009)
Crime Rate Source: FBI Uniform Crime Report (Preliminary January through June 2009)
Commute Time Source: U.S. Census Bureau (2008)
| Wichita Area Office Space |
|
| Vacancy Rate -- Overall |
20.6% |
| Vacancy Rate -- CBD |
25.9% |
| Vacancy Rate -- Suburban |
16.4% |
| Vacancy Rate -- Overall Class A |
9.4% |
| Vacancy Rate -- Overall Class B |
26.3% |
| |
|
| Asking Rent -- CBD Class A |
$15.26 |
| Asking Rent -- CBD Class B |
$10.77 |
| Asking Rent -- Suburban Class A |
$19.99 |
| Asking Rent -- Suburban Class B |
$13.87 |
| Wichita Area Industrial Space |
|
| Vacancy Rate -- Overall |
6.1% |
| Asking Rent -- General Manufacturing |
$4.38 |
| Asking Rent -- Warehouse / Distribution |
$3.61 |
| Asking Rent -- R&D / Flex |
$7.18 |
Source: Grubb & Ellis|Martens Commercial Group (Area-weighted average rate/square foot/year) -- Q2/2010
| Commercial Construction Cost Index |
|
| Wichita Commercial Construction Cost Index |
85.0 |
|
Includes materials and installation – 15% below national average of 100.0
|
|
Source: Means Construction Cost Indexes (July 2010)
| | |
