Parkland, Washington Income Statistics
Parkland 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.
-
D
Parkland Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parkland | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,504 | $98,224 | $80,455 |
| Median Personal Income | $52,889 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.6% | 4.8% |
| Six-Figure Earners | 7.4% | 19.3% | 13.9% |
| $200k+ Households | 7.2% | 18.5% | 13.2% |
The median household income in Parkland is about 26% lower than in Washington. Income has been growing faster in Parkland (5.7%/yr) than in Washington (5.6%/yr).
About 7% of adults in Parkland 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 Parkland, Washington grew by 70.2% from 2009 to 2024, reaching $72,504 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Parkland
| Metric | Parkland | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.534 | 0.552 |
| Male Median Income | $60,630 | $86,137 | $69,667 |
| Female Median Income | $50,945 | $68,506 | $56,850 |
| Gender Pay Gap | 16.0% | 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 Parkland, it is 0.510, 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 19% more than women's income in Parkland, Washington. Over a 35-year career, a 19% wage gap accumulates to roughly $338,975 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parkland, Washington has widened from about 9% to 16% in 2024. Over that period the gap was widest at 26% in 2017, and was narrowest at 9% in 2020. In dollar terms, the gap has widened by $6,132 since 2009.
Sharply against the trend: the pay gap in Parkland widened by 6.7 points while Washington's narrowed by 4.4 points.
Employment
| Metric | Parkland | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.0% | 5.2% |
| Working from Home | 7.2% | 19.8% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 1,146 people are unemployed in Parkland, Washington.
The average commute time in Parkland is 25 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parkland, Washington has fallen from 10.0% to 5.8% in 2024. Over that period the rate peaked at 12.9% in 2014 and fell as low as 5.7% in 2023.
Parkland, WA Wealth Compared With Nearby Cities
How Parkland, 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. |
|---|---|---|---|---|---|
| Parkland, WA | 36,554 | $72,504 #2/2 | 5.7%/yr #2/2 | 5.8% #2/2 | 0.510 #1/2 |
| Spanaway, WA | 32,774 | $98,656 | 6.4%/yr | 4.5% | 0.517 |
Conclusion
Considering all these factors, Parkland, Washington has an overall wealth index grade of D, making it somewhat worse than Washington, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Parkland, Washington.
How Rich Is Parkland, Washington?
Parkland has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $72,504, about 26% lower than the Washington average of $98,224.
How has median household income changed in Parkland, Washington?
Between 2009 and 2024, the median household income in Parkland, Washington rose 70%, from $42,604 to $72,504. Over the same years, income here lagged behind Washington as a whole: +70% against +73%.
What was the median household income in Parkland in 2023?
In 2023, the median household income in Parkland, Washington was $72,270, up 9% from $66,565 in 2022. The Washington median that year was $95,216.
What was the median household income in Parkland in 2020?
In 2020, the median household income in Parkland, Washington was $56,404. By 2024 it had risen 29% to $72,504.
What is the Gini coefficient in Parkland, Washington?
The Gini coefficient in Parkland is 0.510. 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 Parkland, Washington?
Since 2009, the income gap between men and women in Parkland, Washington has widened from about 9% to 16% in 2024. Over that period the gap was widest at 26% in 2017, and was narrowest at 9% in 2020. In dollar terms, the gap has widened by $6,132 since 2009.
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