Did you know that Tacoma, Washington is the most diverse city in the state? Or that almost half of all residents are between the ages of 20 and 44?
Did you know that Tacoma is home to the largest refugee population in the state, or that it’s one of only 15 U.S. cities with a population over 100,000 that has an African-American majority? Probably not… because Tacoma doesn’t get much media attention.
The City of Destiny was once home to more than 40 lumber mills and was known as “the sawmill capital of the world.” But those mills closed and left behind empty buildings and a legacy of hard work that endures today.
That doesn’t mean there aren’t plenty of great things happening in Tacoma. Here are some interesting facts about this dynamic city:
The diversity of Tacoma
One of the most interesting aspects of the city is its incredible ethnic diversity. More than 30% of the population is Hispanic, and nearly 10% is African-American. Over 35% of the population is Asian, and another 25% is Caucasian.
The city has a robust and thriving cultural scene, and nine different languages are offered at the public library. The city has a strong connection to Asia, thanks in part to the Port of Tacoma, which is one of the busiest in the country and the third-busiest on the West Coast.
The Asian population is expected to grow substantially in the next decade, which should create demand for more goods and services in the area.
A young and growing city
Tacoma is one of the fastest-growing cities in the state, and it’s expected that the population will nearly double over the next 30 years.
The state demographers expect the city to add more than 100,000 people between now and 2049, with most of that growth occurring in the Latino, Asian and African-American communities.
Thanks to its strong economic situation and relatively affordable housing, Tacoma is the place to be in Puget Sound. It has the fastest growth rate in Washington, with the population increasing by nearly 4% between 2017 and 2018.
There’s a high demand for housing and employment in the area, and that’s expected to continue growing as the city grows in population.
The economic strength of Tacoma
Tacoma boasts a robust economy that’s driven by trade and logistics, health care and technology. Major industries include aerospace, health care, biotechnology and renewable energy, along with shipping and trade.
At the same time, the cost of living is relatively low and below the state average. The median home price of $269,000 is about $100,000 less than the state average.
In addition to having a strong local economy, Tacoma has direct connections to Asia and other parts of the world through its port. More than 50% of all goods that come into Washington travel through the Port of Tacoma, which is the third-busiest port on the West Coast.
What drives people to Tacoma?
Tacoma has been attracting people for years for a number of reasons. It’s a short drive from Seattle, it’s a great place to raise a family, and it has a low cost of living. It has a strong economy and is a hub for healthcare, technology and trade.
The city boasts a thriving arts and cultural scene, a strong sense of community and an outdoor lifestyle that’s ideal for families.
It’s a safe place to live, and people are drawn to the sense of pride and shared identity that comes from Tacoma being the most diverse city in the state.
A word about housing in Tacoma
Tacoma is one of the few places in the country where the average home price is less than the average rental rate.
Newer homes are in higher demand, but there are plenty of older homes that can be purchased for less than $200,000. Tacoma is a great place to buy a starter home, and it’s an even better place to build a new home.
There are a number of builders creating custom homes in Tacoma, and they’re offering all sorts of different floor plans that suit a wide range of needs and lifestyles.
Prices vary depending on the style and the size of the home, but the average cost of a new home in Tacoma is around $350,000.
Tacoma is an exciting and dynamic city with a diverse population and an economy driven by trade and logistics. It’s experiencing rapid growth, and people are drawn to the city for a number of reasons.
With a low cost of living and lots of open space, Tacoma is a great place to buy a new home or start a new business.
Frequently Asked Questions
What is Tacoma known for?
Tacoma is known for its gorgeous views of Mount Rainier, its vibrant and eclectic downtown, and its strong sense of community. The city is also home to a number of excellent museums, including the Museum of Glass, and is a popular destination for outdoor enthusiasts, with its proximity to the Puget Sound and the Olympic National Park. Tacoma is also home to a number of major corporations, including Amazon, Boeing, and Microsoft.
What Is the Main Industry in Tacoma?
According to the Tacoma-Pierce County Economic Development Board, the main industry in Tacoma is manufacturing. Major manufacturing employers in the city include Weyerhaeuser, Daewoo Shipbuilding & Marine Engineering, Simpson Timber Company, and Harnischfeger Corporation. In addition to these large employers, there are many smaller manufacturing businesses in the city.