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!

93,986

Total Population

The number of people residing in Federal Way.

Source: U.S. Census (American Community Survey)

34,447

Households

The number of home owners and renters in Federal Way.

Source: U.S. Census (American Community Survey)

Median Household Income (City)
Median Household Income (County)

Household income is a measure of the combined income of a household, and the median value is the middle of all values measured in Federal Way.

Source: U.S. Census (American Community Survey)

Percentage with College Degree (City)
Percentage with College Degree (County)

The percent of the population in Federal Way with a college degree or higher.

Source: U.S. Census (American Community Survey)

25,918

Labor Force

The number of workers employed in Federal Way.

Source: Bureau of Labor Statistics (Quarterly Census on Earnings and Wages)

2,037

Businesses

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.

$87,669

Average Industry Pay

Household income is a measure of the combined income of a household, and the median value is the middle of all values measured in Federal Way.

Source: U.S. Census (American Community Survey)

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.

Source: Bureau of Labor Statistics (Quarterly Census on Earnings and Wages)

Employment growth (YoY)
The year-over-year change in employment in Federal Way.

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.

Source: Bureau of Labor Statistics (Quarterly Census on Earnings and Wages)

Top Industries in Federal Way

Industries with the most employment

Top 10 Private Industries in Federal Way

Employees
Retail Trade
3,589
Construction1,374
Medical
1,309
Transportation
911
Information and Communications686
Business Services515
Insurance
250
Financial Institutions
243
Real Estate
203
Manufacturing142

The number of employees in each industry category for businesses located in Federal Way.

Source: ESRI Industries

Public Organization Employee Breakdown
Estimated employees by category
OrganizationsEmployees
CIty Hall 559
Federal Way Public Schools3000
South King Fire and Rescue157
Lakehaven Water and Sewer District106
King County 64
WA State13
Unemployment Percentage (City)
Unemployment Percentage (County)

The percent of the population In Federal Way that is unemployed.

Source: U.S. Census (American Community Survey)

Median Home Value (City)
Median Home Value (County)

The median home value is the middle value of all home values in Federal Way.

Source: U.S. Census (American Community Survey)

Average Wages
The average annual pay of workers living in Federal Way, earned both inside and outside the city limits.

17.22%

College Educated

The percent of the population in Federal Way with a college degree or higher.

State of Washington: 21.28%; United States: 18.0%

Source: U.S. Census (American Community Survey)

4.53%

Unemployment Rate

The percent of the population in Federal Way that is unemployed.

State of Washington: 4.3%; United States: 4.0%

Source: U.S. Census (American Community Survey)

13.52%

Poverty Rate

The percent of the population in Federal Way that is at or below the poverty threshold.

State of Washington: 12.2%; United States: 14.6%

Source: U.S. Census (American Community Survey)

$372,952

Median Home Value

The median home value is the middle value of all homes in Federal Way, including single family homes and other types of housing units.

Source: Neighborhood Scout

$2,018

Current Market Rent

The current market rent is the average rent paid for market-rate homes and other rental units in Federal Way.

Source: Neighborhood Scout

55.90%

Homeownership Rate

The homeownership rate is the percent of housing units occupied in Federal Way that are occupied by the owner versus occupied by a tenant.

Source: Neighborhood Scout

Housing Units by AMI Bracket
AMI based on current Federal Way value of $58,885
Type of Homes

The percent of homes in Federal Way by property type.

Home TypePercent of Total
Single Family53.20%
Townhomes3.10%
Sm. Apt. Buildings10.80%
Apt. Complexes28.70%
Mobile Homes4.00%

Source: Neighborhood Scout