Lake Stevens, Washington Income Statistics
Lake Stevens 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
Lake Stevens Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lake Stevens | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,449 | $98,224 | $80,455 |
| Median Personal Income | $78,840 | $73,370 | $60,758 |
| Average Yearly Income Growth | 4.9% | 5.6% | 4.8% |
| Six-Figure Earners | 22.6% | 19.3% | 13.9% |
| $200k+ Households | 21.0% | 18.5% | 13.2% |
The median household income in Lake Stevens is about 23% higher than in Washington. Income has been growing slower in Lake Stevens (4.9%/yr) than in Washington (5.6%/yr).
About 23% of adults in Lake Stevens 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 Lake Stevens, Washington grew by 72.9% from 2009 to 2024, reaching $120,449 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Lake Stevens
| Metric | Lake Stevens | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.534 | 0.552 |
| Male Median Income | $98,284 | $86,137 | $69,667 |
| Female Median Income | $72,004 | $68,506 | $56,850 |
| Gender Pay Gap | 26.7% | 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 Lake Stevens, it is 0.522, 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 36% more than women's income in Lake Stevens, Washington. Over a 35-year career, a 36% wage gap accumulates to roughly $919,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lake Stevens, Washington has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 29% in 2023, and was narrowest at 16% in 2018. In dollar terms, the gap has widened by $10,202 since 2009.
Employment
| Metric | Lake Stevens | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.0% | 5.2% |
| Working from Home | 19.8% | 19.8% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 834 people are unemployed in Lake Stevens, Washington.
The average commute time in Lake Stevens is 30 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lake Stevens, Washington has fallen from 7.1% to 5.0% in 2024. Over that period the rate peaked at 8.6% in 2013 and fell as low as 3.6% in 2018.
Conclusion
Considering all these factors, Lake Stevens, 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 Lake Stevens, Washington.
How Rich Is Lake Stevens, Washington?
Lake Stevens 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 $120,449, about 23% higher than the Washington average of $98,224.
How has median household income changed in Lake Stevens, Washington?
Between 2009 and 2024, the median household income in Lake Stevens, Washington rose 73%, from $69,667 to $120,449. Over the same years, income here kept pace with Washington as a whole: +73% against +73%.
What was the median household income in Lake Stevens in 2023?
In 2023, the median household income in Lake Stevens, Washington was $117,537, up 5% from $112,238 in 2022. The Washington median that year was $95,216.
What was the median household income in Lake Stevens in 2020?
In 2020, the median household income in Lake Stevens, Washington was $95,291. By 2024 it had risen 26% to $120,449.
What is the Gini coefficient in Lake Stevens, Washington?
The Gini coefficient in Lake Stevens is 0.522. 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 Lake Stevens, Washington?
Since 2009, the income gap between men and women in Lake Stevens, Washington has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 29% in 2023, and was narrowest at 16% in 2018. In dollar terms, the gap has widened by $10,202 since 2009.
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