Edmonds, Washington Income Statistics
Edmonds 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
Edmonds Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,157 | $98,224 | $80,455 |
| Median Personal Income | $94,160 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.6% | 4.8% |
| Six-Figure Earners | 30.4% | 19.3% | 13.9% |
| $200k+ Households | 28.4% | 18.5% | 13.2% |
The median household income in Edmonds is about 24% higher than in Washington. Income has been growing faster in Edmonds (5.8%/yr) than in Washington (5.6%/yr).
About 30% of adults in Edmonds 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 Edmonds, Washington grew by 80.1% from 2009 to 2024, reaching $122,157 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Edmonds
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.534 | 0.552 |
| Male Median Income | $113,495 | $86,137 | $69,667 |
| Female Median Income | $92,297 | $68,506 | $56,850 |
| Gender Pay Gap | 18.7% | 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 Edmonds, it is 0.488, 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 23% more than women's income in Edmonds, Washington. Over a 35-year career, a 23% wage gap accumulates to roughly $741,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Edmonds, Washington has narrowed from about 28% to 19% in 2024. Over that period the gap was widest at 32% in 2021, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $3,139 since 2009.
Employment
| Metric | Edmonds | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.0% | 5.2% |
| Working from Home | 27.6% | 19.8% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 948 people are unemployed in Edmonds, Washington.
The average commute time in Edmonds is 25 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Edmonds, Washington has fallen from 6.3% to 4.0% in 2024. Over that period the rate peaked at 7.3% in 2013 and fell as low as 3.3% in 2019.
Edmonds, WA Wealth Compared With Nearby Cities
Edmonds, WA is typical in size for this group, 42,432 residents against a local median of 41,626, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Edmonds, WA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 12% above the local median at $122,157 against $109,079. Edmonds, WA has the highest median household income of the 4 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Edmonds, WA | 42,432 | $122,157 #1/4 | 5.8%/yr #3/4 | 4.0% #1/4 | 0.488 #1/4 |
| Mountlake Terrace, WA | 23,156 | $109,079 | 6.0%/yr | 4.3% | 0.489 |
| Lynnwood, WA | 41,626 | $81,645 | 5.3%/yr | 4.5% | 0.545 |
| Shoreline, WA | 59,587 | $119,355 | 6.5%/yr | 4.2% | 0.508 |
Conclusion
Considering all these factors, Edmonds, Washington has an overall wealth index grade of A, making it somewhat better than Washington, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Edmonds, Washington.
How Wealthy Is Edmonds, Washington?
Edmonds 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 residents are much better off than the U.S. average. The median household income is $122,157, about 24% higher than the Washington average of $98,224.
Are incomes growing in Edmonds, Washington?
Between 2009 and 2024, the median household income in Edmonds, Washington rose 80%, from $67,814 to $122,157. Over the same years, income here outpaced Washington as a whole: +80% against +73%.
What was the median household income in Edmonds in 2023?
In 2023, the median household income in Edmonds, Washington was $117,066, up 8% from $108,722 in 2022. The Washington median that year was $95,216.
What was the median household income in Edmonds in 2020?
In 2020, the median household income in Edmonds, Washington was $91,713. By 2024 it had risen 33% to $122,157.
How many people earn six figures in Edmonds, Washington?
Yes. 30% of adults in Edmonds, Washington earn $100,000 or more a year (about 1 in 3), against 19% (about 1 in 5) in Washington. 28% of households have a combined income of $200,000 or more, compared with 18% in Washington.
What is the Gini coefficient in Edmonds, Washington?
The Gini coefficient in Edmonds is 0.488. 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 Edmonds, Washington?
Since 2009, the income gap between men and women in Edmonds, Washington has narrowed from about 28% to 19% in 2024. Over that period the gap was widest at 32% in 2021, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $3,139 since 2009.
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