Federal Way has a population of 99,614 with a median age of 37.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 99,614 |
| Median Age | 37.4 |
| White | 42.2% |
| Black or African American | 16.4% |
| Asian | 15.0% |
| Hispanic or Latino | 18.4% |
| Other / Two or More Races | 8.0% |
The median household income in Federal Way is $80,360, which is 6.9% above the national median of $75,149. The per capita income is $37,674. The poverty rate is 11.8%.
The unemployment rate in Federal Way is 5.5%, compared to the national rate of 5.4%.
In Federal Way, 90.2% of residents age 25+ have a high school diploma or higher, and 30.6% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.2% |
| Bachelor's Degree or Higher | 30.6% |
| Graduate or Professional Degree | 9.5% |
The median home value in Federal Way is $454,300, above the national median of $281,900. The median monthly rent is $1,660. The homeownership rate is 55.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $454,300 |
| Median Monthly Rent | $1,660 |
| Homeownership Rate | 55.4% |
| Vacancy Rate | 5.0% |
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