Mountlake Terrace, Washington Income Statistics
Mountlake Terrace 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
Mountlake Terrace Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mountlake Terrace | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,079 | $98,224 | $80,455 |
| Median Personal Income | $72,154 | $73,370 | $60,758 |
| Average Yearly Income Growth | 6.0% | 5.6% | 4.8% |
| Six-Figure Earners | 20.9% | 19.3% | 13.9% |
| $200k+ Households | 16.7% | 18.5% | 13.2% |
The median household income in Mountlake Terrace is about 11% higher than in Washington. Income has been growing faster in Mountlake Terrace (6.0%/yr) than in Washington (5.6%/yr).
About 21% of adults in Mountlake Terrace 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 Mountlake Terrace, Washington grew by 100.9% from 2009 to 2024, reaching $109,079 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Mountlake Terrace
| Metric | Mountlake Terrace | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.534 | 0.552 |
| Male Median Income | $82,711 | $86,137 | $69,667 |
| Female Median Income | $77,871 | $68,506 | $56,850 |
| Gender Pay Gap | 5.9% | 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 Mountlake Terrace, it is 0.489, 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 6% more than women's income in Mountlake Terrace, Washington. Over a 35-year career, a 6% wage gap accumulates to roughly $169,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mountlake Terrace, Washington has widened from about 4% to 6% in 2024. Over that period the gap was widest at 17% in 2012, and in 2023 women out-earned men by 3%. In dollar terms, the gap has widened by $3,158 since 2009.
Sharply against the trend: the pay gap in Mountlake Terrace widened by 2.0 points while Washington's narrowed by 4.4 points.
Employment
| Metric | Mountlake Terrace | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.0% | 5.2% |
| Working from Home | 21.8% | 19.8% | 15.0% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 584 people are unemployed in Mountlake Terrace, Washington.
The average commute time in Mountlake Terrace is 26 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mountlake Terrace, Washington has fallen from 7.9% to 4.3% in 2024. Over that period the rate peaked at 8.0% in 2013 and fell as low as 2.6% in 2019.
Mountlake Terrace, WA Wealth Compared With Nearby Cities
How Mountlake Terrace, 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. |
|---|---|---|---|---|---|
| Mountlake Terrace, WA | 23,156 | $109,079 #1/2 | 6.0%/yr #1/2 | 4.3% #1/2 | 0.489 #1/2 |
| Lynnwood, WA | 41,626 | $81,645 | 5.3%/yr | 4.5% | 0.545 |
Conclusion
Considering all these factors, Mountlake Terrace, 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 Mountlake Terrace, Washington.
How Rich Is Mountlake Terrace, Washington?
Mountlake Terrace 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 $109,079, about 11% higher than the Washington average of $98,224.
How has median household income changed in Mountlake Terrace, Washington?
Between 2009 and 2024, the median household income in Mountlake Terrace, Washington rose 101%, from $54,295 to $109,079. Over the same years, income here outpaced Washington as a whole: +101% against +73%.
What was the median household income in Mountlake Terrace in 2023?
In 2023, the median household income in Mountlake Terrace, Washington was $103,480, up 8% from $95,563 in 2022. The Washington median that year was $95,216.
What was the median household income in Mountlake Terrace in 2020?
In 2020, the median household income in Mountlake Terrace, Washington was $81,106. By 2024 it had risen 34% to $109,079.
What is the Gini coefficient in Mountlake Terrace, Washington?
The Gini coefficient in Mountlake Terrace is 0.489. 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 Mountlake Terrace, Washington?
Since 2009, the income gap between men and women in Mountlake Terrace, Washington has widened from about 4% to 6% in 2024. Over that period the gap was widest at 17% in 2012, and in 2023 women out-earned men by 3%. In dollar terms, the gap has widened by $3,158 since 2009.
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