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Federal Way, Washington

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
99,493
Population
$86,909
Median Income
$552,800
Home Value
37.4
Median Age

Demographics

Federal Way has a population of 99,493 with a median age of 37.4. Here is the racial and ethnic breakdown of the population:

White
36.9%
Hispanic
20.0%
Black
18.1%
Asian
15.4%
Other
9.6%
Demographic Value
Total Population99,493
Median Age37.4
White36.9%
Black or African American18.1%
Asian15.4%
Hispanic or Latino20.0%
Other / Two or More Races9.6%
Federal Way, Washington — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 36.9%Hispanic/Latino: 20.0%Black: 18.1%Asian: 15.4%Other: 9.6%99,493PopulationWhiteWhite36.9%Hispanic/LatinoHispanic/Latino20.0%BlackBlack18.1%AsianAsian15.4%OtherOther9.6%

Income & Economy

The median household income in Federal Way is $86,909, which is 7.8% above the national median of $80,610. The per capita income is $40,975. The poverty rate is 13.0%.

$86,909
Median Household Income
$40,975
Per Capita Income
13.0%
Poverty Rate

Employment

The unemployment rate in Federal Way is 4.7%, compared to the national rate of 4.1%.

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Education

In Federal Way, 89.0% of residents age 25+ have a high school diploma or higher, and 30.8% hold a bachelor's degree or higher (9.6% with a graduate or professional degree).

HS Diploma+
89.0%
Bachelor's+
30.8%
Graduate+
9.6%
Education Level % of Adults (25+)
High School Diploma or Higher89.0%
Bachelor's Degree or Higher30.8%
Graduate or Professional Degree9.6%

Housing

The median home value in Federal Way is $552,800, above the national median of $303,400. The median monthly rent is $1,797. The homeownership rate is 55.3%.

$552,800
Median Home Value
$1,797/mo
Median Rent
55.3%
Homeownership Rate
Housing Metric Value
Median Home Value$552,800
Median Monthly Rent$1,797
Homeownership Rate55.3%
Vacancy Rate4.7%

Salaries in Washington

Explore salary data for popular occupations in Washington:

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Frequently Asked Questions

What is the population of Federal Way, Washington?
The population of Federal Way, Washington is 99,493 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Federal Way, Washington?
The median household income in Federal Way, Washington is $86,909. This is 7.8% above the national median of $80,610.
What is the median home value in Federal Way, Washington?
The median home value in Federal Way, Washington is $552,800. The median monthly rent is $1,797.
What percentage of people in Federal Way have a college degree?
In Federal Way, Washington, 30.8% of adults age 25 and older hold a bachelor's degree or higher, and 89.0% have a high school diploma or higher.
Is Federal Way, Washington an affordable place to live?
The home price-to-income ratio in Federal Way, Washington is 6.4x (median home value $552,800 vs. median income $86,909), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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