University Place, Washington Income Statistics
University Place 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
University Place Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | University Place | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,954 | $98,224 | $80,455 |
| Median Personal Income | $69,621 | $73,370 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.6% | 4.8% |
| Six-Figure Earners | 18.3% | 19.3% | 13.9% |
| $200k+ Households | 15.4% | 18.5% | 13.2% |
The median household income in University Place is about 3% lower than in Washington. Income has been growing faster in University Place (6.5%/yr) than in Washington (5.6%/yr).
About 18% of adults in University Place 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 University Place, Washington grew by 93.6% from 2009 to 2024, reaching $94,954 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in University Place
| Metric | University Place | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.534 | 0.552 |
| Male Median Income | $85,657 | $86,137 | $69,667 |
| Female Median Income | $68,108 | $68,506 | $56,850 |
| Gender Pay Gap | 20.5% | 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 University Place, it is 0.519, 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 26% more than women's income in University Place, Washington. Over a 35-year career, a 26% wage gap accumulates to roughly $614,215 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in University Place, Washington has widened from about 19% to 20% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 17% in 2023. In dollar terms, the gap has widened by $7,958 since 2009.
Sharply against the trend: the pay gap in University Place widened by 1.6 points while Washington's narrowed by 4.4 points.
Employment
| Metric | University Place | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.0% | 5.2% |
| Working from Home | 15.1% | 19.8% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 912 people are unemployed in University Place, Washington.
The average commute time in University Place is 22 minutes, about the same as in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in University Place, Washington has fallen from 10.6% to 5.2% in 2024. Over that period the rate peaked at 12.9% in 2014 and fell as low as 3.6% in 2019.
University Place, WA Wealth Compared With Nearby Cities
How University Place, 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. |
|---|---|---|---|---|---|
| University Place, WA | 33,063 | $94,954 #1/2 | 6.5%/yr #1/2 | 5.2% #1/2 | 0.519 #1/2 |
| Lakewood, WA | 63,883 | $74,297 | 6.4%/yr | 5.3% | 0.529 |
Conclusion
Considering all these factors, University Place, Washington has an overall wealth index grade of B, making it about on par with Washington, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in University Place, Washington.
How Wealthy Is University Place, Washington?
University Place 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 $94,954, about 3% lower than the Washington average of $98,224.
How fast is household income rising in University Place, Washington?
Between 2009 and 2024, the median household income in University Place, Washington rose 94%, from $49,055 to $94,954. Over the same years, income here outpaced Washington as a whole: +94% against +73%.
What was the median household income in University Place in 2023?
In 2023, the median household income in University Place, Washington was $89,452, up 2% from $87,351 in 2022. The Washington median that year was $95,216.
What was the median household income in University Place in 2020?
In 2020, the median household income in University Place, Washington was $73,657. By 2024 it had risen 29% to $94,954.
What is the Gini coefficient in University Place, Washington?
The Gini coefficient in University Place is 0.519. 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 University Place, Washington?
Since 2009, the income gap between men and women in University Place, Washington has widened from about 19% to 20% in 2024. Over that period the gap was widest at 24% in 2012, and was narrowest at 17% in 2023. In dollar terms, the gap has widened by $7,958 since 2009.
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