Federal Way, WA cityscape

98023

Federal Way, WA

Total Population
50,778
Median Household Income
$98,057
Median Home Value
$479,100
Median Rent
$1,807

Quick Facts & Insights

Key metrics and how they compare

Household Income
$98,057
100.2% above state median
Home Value
$479,100
100.8% above state median
Rent
$1,807
100% above state median
Median Age
38.4 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

Federal Way, WA 98023

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Federal Way, WA

Median household income is 100% below state average, suggesting more affordable cost of living.

33.3% of adults hold bachelor's degrees or higher, comparable to national average.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$98,057
+30.5% vs US
vs State Median
+-100.2%
State: $-52,069,934
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.82 people

Total Households
17,917
Family Households
55.0%

Employment by Industry

Where residents work

#1 Industry
Education
25.9%
#2 Industry
Manufacturing
21.4%
#3 Industry
Finance
17.8%
Total Employed Residents:14,140

Commute Patterns

How residents get to work

Short Commute
1.0%
Under 10 minutes
Long Commute
13.5%
Over 60 minutes
Work From Home
1.6%
342 workers
Public Transit
6.9%
1,487 workers
Total Commuting Workers:21,473
Commute Insights

Labor Force Statistics

Employment Rate
94.6%
25,757 employed
Labor Force
27,293
1,469 unemployed
Median Age
38.4 years
Per Capita Income
$41,784
Poverty Rate
8.0%

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