Cottage Lake, Washington Income Statistics
Cottage Lake Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Cottage Lake Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cottage Lake | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $200,961 | $98,224 | $80,455 |
| Median Personal Income | $125,259 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.1% | 5.6% | 4.8% |
| Six-Figure Earners | 36.7% | 19.3% | 13.9% |
| $200k+ Households | 51.0% | 18.5% | 13.2% |
The median household income in Cottage Lake is about 105% higher than in Washington. Income has been growing slower in Cottage Lake (5.1%/yr) than in Washington (5.6%/yr).
About 37% of adults in Cottage Lake earn six figures ($100,000 or more) a year, higher than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cottage Lake, Washington grew by 63.1% from 2009 to 2024, reaching $200,961 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Cottage Lake
| Metric | Cottage Lake | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.534 | 0.552 |
| Male Median Income | $137,447 | $86,137 | $69,667 |
| Female Median Income | $106,750 | $68,506 | $56,850 |
| Gender Pay Gap | 22.3% | 20.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cottage Lake, it is 0.516, lower than Washington's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Cottage Lake, Washington. Over a 35-year career, a 29% wage gap accumulates to roughly $1,074,395 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cottage Lake, Washington has narrowed from about 41% to 22% in 2024. Over that period the gap was widest at 49% in 2011. In dollar terms, the gap has narrowed by $10,149 since 2009.
Employment
| Metric | Cottage Lake | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 5.0% | 5.2% |
| Working from Home | 34.1% | 19.8% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 442 people are unemployed in Cottage Lake, Washington.
The average commute time in Cottage Lake is 23 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cottage Lake, Washington has fallen from 5.6% to 3.7% in 2024. Over that period the rate fell as low as 3.2% in 2019.
Cottage Lake, WA Wealth Compared With Nearby Cities
How Cottage Lake, WA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cottage Lake, WA | 24,620 | $200,961 #1/3 | 5.1%/yr #3/3 | 3.7% #1/3 | 0.516 #2/3 |
| Redmond, WA | 71,994 | $160,130 | 5.4%/yr | 4.9% | 0.490 |
| Union Hill-Novelty Hill, WA | 23,529 | $184,178 | 5.2%/yr | 6.4% | 0.519 |
Conclusion
Considering all these factors, Cottage Lake, Washington has an overall wealth index grade of A+, making it far better than Washington, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cottage Lake, Washington.
How Rich Is Cottage Lake, Washington?
Cottage Lake has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $200,961, about 105% higher than the Washington average of $98,224.
Are incomes growing in Cottage Lake, Washington?
Between 2009 and 2024, the median household income in Cottage Lake, Washington rose 63%, from $123,241 to $200,961. Over the same years, income here lagged behind Washington as a whole: +63% against +73%.
What was the median household income in Cottage Lake in 2023?
In 2023, the median household income in Cottage Lake, Washington was $197,960, up 5% from $188,780 in 2022. The Washington median that year was $95,216.
What was the median household income in Cottage Lake in 2020?
In 2020, the median household income in Cottage Lake, Washington was $160,284. By 2024 it had risen 25% to $200,961.
Is Cottage Lake, Washington a high-income area?
Yes. 37% of adults in Cottage Lake, Washington earn $100,000 or more a year (about 1 in 3), against 19% (about 1 in 5) in Washington. 51% of households have a combined income of $200,000 or more, compared with 18% in Washington.
How strong is the job market in Cottage Lake, Washington?
Unemployment in Cottage Lake, Washington is only 3.7%, well below the Washington rate of 5.0%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Cottage Lake, Washington?
The Gini coefficient in Cottage Lake is 0.516. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cottage Lake, Washington?
Since 2009, the income gap between men and women in Cottage Lake, Washington has narrowed from about 41% to 22% in 2024. Over that period the gap was widest at 49% in 2011. In dollar terms, the gap has narrowed by $10,149 since 2009.
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