Frederickson, Washington Income Statistics
Frederickson 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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B
Frederickson Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Frederickson | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $110,471 | $98,224 | $80,455 |
| Median Personal Income | $67,772 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.8% | 5.6% | 4.8% |
| Six-Figure Earners | 15.3% | 19.3% | 13.9% |
| $200k+ Households | 13.1% | 18.5% | 13.2% |
The median household income in Frederickson is about 12% higher than in Washington. Income has been growing faster in Frederickson (5.8%/yr) than in Washington (5.6%/yr).
About 15% of adults in Frederickson earn six figures ($100,000 or more) a year, lower than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Frederickson, Washington grew by 60.4% from 2009 to 2024, reaching $110,471 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Frederickson
| Metric | Frederickson | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.534 | 0.552 |
| Male Median Income | $74,005 | $86,137 | $69,667 |
| Female Median Income | $68,471 | $68,506 | $56,850 |
| Gender Pay Gap | 7.5% | 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 Frederickson, it is 0.518, 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 8% more than women's income in Frederickson, Washington. Over a 35-year career, a 8% wage gap accumulates to roughly $193,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Frederickson, Washington has narrowed from about 27% to 7% in 2024. Over that period the gap was widest at 28% in 2011, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $9,249 since 2009.
Employment
| Metric | Frederickson | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.0% | 5.2% |
| Working from Home | 9.9% | 19.8% | 15.0% |
| Commute time (minutes) | 32 | 22 | 22 |
Approximately 701 people are unemployed in Frederickson, Washington.
The average commute time in Frederickson is 32 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Frederickson, Washington has fallen from 10.7% to 5.4% in 2024. Over that period the rate peaked at 12.0% in 2012 and fell as low as 5.2% in 2020.
Frederickson, WA Wealth Compared With Nearby Cities
How Frederickson, WA compares with the 1 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. |
|---|---|---|---|---|---|
| Frederickson, WA | 25,107 | $110,471 #1/2 | 5.8%/yr #2/2 | 5.4% #2/2 | 0.518 #2/2 |
| Spanaway, WA | 32,774 | $98,656 | 6.4%/yr | 4.5% | 0.517 |
Conclusion
Considering all these factors, Frederickson, Washington has an overall wealth index grade of B, making it somewhat better than Washington, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Frederickson, Washington.
How Rich Is Frederickson, Washington?
Frederickson has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $110,471, about 12% higher than the Washington average of $98,224.
Are incomes growing in Frederickson, Washington?
Between 2009 and 2024, the median household income in Frederickson, Washington rose 60%, from $68,879 to $110,471. Over the same years, income here lagged behind Washington as a whole: +60% against +73%.
What was the median household income in Frederickson in 2023?
In 2023, the median household income in Frederickson, Washington was $108,725, up 6% from $102,251 in 2022. The Washington median that year was $95,216.
What was the median household income in Frederickson in 2020?
In 2020, the median household income in Frederickson, Washington was $90,562. By 2024 it had risen 22% to $110,471.
What is the Gini coefficient in Frederickson, Washington?
The Gini coefficient in Frederickson is 0.518. 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 Frederickson, Washington?
Since 2009, the income gap between men and women in Frederickson, Washington has narrowed from about 27% to 7% in 2024. Over that period the gap was widest at 28% in 2011, and was narrowest at 6% in 2023. In dollar terms, the gap has narrowed by $9,249 since 2009.
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