Last updated: 2024 BLS data · Page refreshed:
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:
| Demographic | Value |
|---|---|
| Total Population | 99,493 |
| Median Age | 37.4 |
| White | 36.9% |
| Black or African American | 18.1% |
| Asian | 15.4% |
| Hispanic or Latino | 20.0% |
| Other / Two or More Races | 9.6% |
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%.
The unemployment rate in Federal Way is 4.7%, compared to the national rate of 4.1%.
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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).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.0% |
| Bachelor's Degree or Higher | 30.8% |
| Graduate or Professional Degree | 9.6% |
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%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $552,800 |
| Median Monthly Rent | $1,797 |
| Homeownership Rate | 55.3% |
| Vacancy Rate | 4.7% |
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