Silver Firs, Washington Income Statistics
Silver Firs 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+
Silver Firs Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $162,986 | $98,224 | $80,455 |
| Median Personal Income | $98,297 | $73,370 | $60,758 |
| Average Yearly Income Growth | 4.7% | 5.6% | 4.8% |
| Six-Figure Earners | 31.2% | 19.3% | 13.9% |
| $200k+ Households | 38.7% | 18.5% | 13.2% |
The median household income in Silver Firs is about 66% higher than in Washington. Income has been growing slower in Silver Firs (4.7%/yr) than in Washington (5.6%/yr).
About 31% of adults in Silver Firs 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 Silver Firs, Washington grew by 58.4% from 2009 to 2024, reaching $162,986 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Silver Firs
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.534 | 0.552 |
| Male Median Income | $116,069 | $86,137 | $69,667 |
| Female Median Income | $86,275 | $68,506 | $56,850 |
| Gender Pay Gap | 25.7% | 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 Silver Firs, 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 35% more than women's income in Silver Firs, Washington. Over a 35-year career, a 35% wage gap accumulates to roughly $1,042,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Silver Firs, Washington has narrowed from about 36% to 26% in 2024. Over that period the gap was widest at 38% in 2016, and was narrowest at 25% in 2021. In dollar terms, the gap has widened by $2,790 since 2009.
Employment
| Metric | Silver Firs | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.0% | 5.2% |
| Working from Home | 26.7% | 19.8% | 15.0% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 364 people are unemployed in Silver Firs, Washington.
The average commute time in Silver Firs is 27 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Silver Firs, Washington has fallen from 5.3% to 3.1% in 2024. Over that period the rate peaked at 6.0% in 2012 and fell as low as 2.0% in 2020.
Silver Firs, WA Wealth Compared With Nearby Cities
Silver Firs, WA is typical in size for this group, 20,478 residents against a local median of 22,980, so the measures below are close to a like for like comparison. Where Silver Firs, WA breaks from the cities next to it is unemployment, sitting 34% below the local median of 4.8% at 3.1%. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $162,986 against a local median of $131,432, 24% above it. Every measure here with a clear better direction points the same way, so Silver Firs, WA is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 3.9% on unemployment, so Silver Firs, WA sits at one end of an already wide local range rather than apart from it. Silver Firs, WA has the lowest unemployment 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. |
|---|---|---|---|---|---|
| Silver Firs, WA | 20,478 | $162,986 #2/4 | 4.7%/yr #2/4 | 3.1% #1/4 | 0.518 #3/4 |
| Eastmont, WA | 25,029 | $131,432 | 4.4%/yr | 7.9% | 0.536 |
| Mill Creek East, WA | 20,608 | $182,341 | 7.8%/yr | 4.8% | 0.515 |
| Mill Creek, WA | 22,980 | $130,559 | 4.5%/yr | 4.0% | 0.515 |
Conclusion
Considering all these factors, Silver Firs, Washington has an overall wealth index grade of A+, making it far better than Washington, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Silver Firs, Washington.
How Rich Is Silver Firs, Washington?
Silver Firs 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 it is one of the most prosperous areas in the country. The median household income is $162,986, about 66% higher than the Washington average of $98,224.
How has median household income changed in Silver Firs, Washington?
Between 2009 and 2024, the median household income in Silver Firs, Washington rose 58%, from $102,881 to $162,986. Over the same years, income here lagged behind Washington as a whole: +58% against +73%.
What was the median household income in Silver Firs in 2023?
In 2023, the median household income in Silver Firs, Washington was $155,485, up 3% from $151,283 in 2022. The Washington median that year was $95,216.
What was the median household income in Silver Firs in 2020?
In 2020, the median household income in Silver Firs, Washington was $133,102. By 2024 it had risen 22% to $162,986.
Do many residents of Silver Firs, Washington earn over $100,000?
Yes. 31% of adults in Silver Firs, Washington earn $100,000 or more a year (about 1 in 3), against 19% (about 1 in 5) in Washington. 39% of households have a combined income of $200,000 or more, compared with 18% in Washington.
Is unemployment high in Silver Firs, Washington?
Unemployment in Silver Firs, Washington is only 3.1%, well below the Washington rate of 5.0%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Silver Firs, Washington?
The Gini coefficient in Silver Firs 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 Silver Firs, Washington?
Since 2009, the income gap between men and women in Silver Firs, Washington has narrowed from about 36% to 26% in 2024. Over that period the gap was widest at 38% in 2016, and was narrowest at 25% in 2021. In dollar terms, the gap has widened by $2,790 since 2009.
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