500+
4,070
$79,280
0.75
Source: U.S. Bureau of Labor Statistics, May 2023 OEWS
Highest wages in the nation at $79,280 average
Tech industry drives data center and commercial demand
Mild climate reduces seasonal fluctuations
Energy efficiency focus creates upgrade opportunities
High barriers to entry protect established companies
Seattle's tech industry creates substantial data center and commercial demand. The mild climate means lower residential HVAC intensity, but high wages and tech growth offset this with premium service rates.
Seattle HVAC companies command premium valuations due to high wages and tech industry demand. Companies with data center experience are particularly sought after. Expect 5-7x EBITDA for quality operations.
Employment & Wage Data: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2024
Metropolitan Area Statistics: BLS Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
EBITDA Multiples: Industry estimates based on publicly reported M&A transactions and market analysis. Actual valuations vary based on company-specific factors.