News

Report shows growth in Washington

By David Hotle, The JOURNAL


 


According to a recent report from Main Street Iowa, the City of Washington is continuing to grow in areas of population and housing, and projections indicate the growth will continue into the future.


The report shows that the population of Washington has increased from 7,094 in 2000 to 7,290 in 2018. The number of households has also increased from 2,931 to 3,075 in those years. The city?s median household income of $49,011, does fall below the national average of $58,100, however. The average per capita income is $26,315 while it is $31,950 for the country.


?It is numbers that are compiled by a series of codes,? Main Street Washington Director Sarah Grunewaldt said. ?They take all the numbers and compound them. They are adding together based on our population size and payroll dollars and IRS data and other things that are public information, they give us a number which tells us where we should be and tells us where we are.?


The number of households in the city is also increasing. In 2000 there were 2,931 households while that number has grown to 3,075 today. Of this number, 58 percent, or 1,973, are occupied by the owner and 32 percent, or 1,103 are rental properties. The study also shows 65 percent of the households have a mortgage while 34 percent are owned free and clear. The median home value for 2018 is $118,407.


There are also more women than men in the city, with 3,514 men recorded and 3,778 women.


According to the retail marketplace profile, in the area of motor vehicle and parts sales, the potential sales in 2017 were $18,336,350 while actual sales were $10,389,606. In home furnishings the recorded demand was $2,216,492 while actual sales were $3,380,123. Electronics and appliances came up short, with a potential of $2,709,621 while actual sales were $1,341,330. Building materials were way above average with a potential of $5,288,901 in sales and actual sales of $13,430,404. Food and beverage stores also showed a benefit with $16,248,869 in buying potential and $49,281,926 in actual sales. Health and personal care items potential was listed as $5,241,116 while the actual amount spent locally is $7,657,719.


Gas sales came up a bit short with a potential of $9,241,116 in sales and actual sales of $8,063,776. Clothing sales also came up short with a potential of $2,719,269 and actual sales of $2,286,449. Sporting goods and hobby equipment also showed lower sales than projected with projected sales of $2,014,531 and actual sales of $506,250.


General merchandise sales were booming in 2017 with projections of $14,202,230 and actual sales of $44,191,155. Miscellaneous retailers had a potential of $4,002,015 in sales and actual sales of $1,877,399. Food and drinking places had a potential of $7,742,315 and actual sales of $5,963,049.