Spanaway, Washington Income Statistics
Spanaway 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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C
Spanaway Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spanaway | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,656 | $98,224 | $80,455 |
| Median Personal Income | $65,360 | $73,370 | $60,758 |
| Average Yearly Income Growth | 6.4% | 5.6% | 4.8% |
| Six-Figure Earners | 12.2% | 19.3% | 13.9% |
| $200k+ Households | 10.9% | 18.5% | 13.2% |
The median household income in Spanaway is about the same as in Washington. Income has been growing faster in Spanaway (6.4%/yr) than in Washington (5.6%/yr).
About 12% of adults in Spanaway 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 Spanaway, Washington grew by 70.0% from 2009 to 2024, reaching $98,656 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in Spanaway
| Metric | Spanaway | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.534 | 0.552 |
| Male Median Income | $77,361 | $86,137 | $69,667 |
| Female Median Income | $61,865 | $68,506 | $56,850 |
| Gender Pay Gap | 20.0% | 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 Spanaway, it is 0.517, 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 25% more than women's income in Spanaway, Washington. Over a 35-year career, a 25% wage gap accumulates to roughly $542,360 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spanaway, Washington has narrowed from about 30% to 20% in 2024. Over that period the gap was narrowest at 19% in 2017. In dollar terms, the gap has widened by $227 since 2009.
Employment
| Metric | Spanaway | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.0% | 5.2% |
| Working from Home | 10.0% | 19.8% | 15.0% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 738 people are unemployed in Spanaway, Washington.
The average commute time in Spanaway is 31 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spanaway, Washington has fallen from 7.2% to 4.5% in 2024. Over that period the rate peaked at 9.3% in 2013.
Spanaway, WA Wealth Compared With Nearby Cities
How Spanaway, WA compares with the 2 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. |
|---|---|---|---|---|---|
| Spanaway, WA | 32,774 | $98,656 #2/3 | 6.4%/yr #1/3 | 4.5% #1/3 | 0.517 #2/3 |
| Parkland, WA | 36,554 | $72,504 | 5.7%/yr | 5.8% | 0.510 |
| Frederickson, WA | 25,107 | $110,471 | 5.8%/yr | 5.4% | 0.518 |
Conclusion
Considering all these factors, Spanaway, Washington has an overall wealth index grade of C, making it about on par with Washington, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Spanaway, Washington.
How Rich Is Spanaway, Washington?
Spanaway has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $98,656, close to the Washington average of $98,224.
How has median household income changed in Spanaway, Washington?
Between 2009 and 2024, the median household income in Spanaway, Washington rose 70%, from $58,023 to $98,656. Over the same years, income here lagged behind Washington as a whole: +70% against +73%.
What was the median household income in Spanaway in 2023?
In 2023, the median household income in Spanaway, Washington was $94,569, up 6% from $89,426 in 2022. The Washington median that year was $95,216.
What was the median household income in Spanaway in 2020?
In 2020, the median household income in Spanaway, Washington was $75,963. By 2024 it had risen 30% to $98,656.
What is the Gini coefficient in Spanaway, Washington?
The Gini coefficient in Spanaway is 0.517. 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 Spanaway, Washington?
Since 2009, the income gap between men and women in Spanaway, Washington has narrowed from about 30% to 20% in 2024. Over that period the gap was narrowest at 19% in 2017. In dollar terms, the gap has widened by $227 since 2009.
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