Welcome to Federal Way, Washington! Our community of 93,986 residents features a labor force of 25,918 with a median annual income of $58,855. Top industries include Health Care and Social Assistance, Retail Trade, and Professional, Scientific, and Technical Services.
During the past five years employment in Federal Way, Washington has grown by 8,345, at a growth rate of 3.69%. Unemployment is currently 4.53%.
We invite you to explore this data in further detail in the report below, and get in touch to see how Federal Way, Washington can help you reach your goals!
The number of businesses holding a lease in a commercial property in Federal Way.
Source: CoStar business tenant survey list
Note: there are 4,228 businesses with registrations listed in Federal Way.
Business growth (YoY)The year-over-year change in businesses with registered address in Federal Way.
Business growth is the annual change in the number of businesses whose registered address is located in Federal Way. This rate can either be positive (more businesses gained versus lost) or negative. The growth rate from one year to the following year is calculated as follows: (Year 2 - Year 1)/Year 1 = Business Growth Rate.
Employment growth is the annual change in employment in Federal Way. This rate can either be positive (more employment gained versus lost) or negative. The growth rate from one year to the following year is calculated as follows: (Year 2 - Year 1)/Year 1 = Employment Growth Rate.
Top Industries in Federal Way
Industries with the most employment
Top 10 Private Industries in Federal Way
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Public Organization Employee BreakdownEstimated employees by category
Median Home Value
Current Market Rent
Housing Units by AMI BracketAMI based on current Federal Way value of $58,885
Type of Homes
Data & MethodologyHow the data in this report was calculated.
This report includes totalling 132,416 data points from 30 measures, collected from 2 public sources (described below). We also estimated 17,708 data points based on our estimation and projection methodology.
Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.