Introduction

Data updated 4/30/2023

Welcome to Federal Way, Washington!  Our community of 102,738 residents features a labor force of 43,104 with an average earnings per job of $83.4k. Top industries include Health Care and Social Assistance, Retail Trade, and Professional, Scientific, and Technical Services.

During the past five years employment decreased by 6.8% in Federal Way from 42,820 to 40,061. Unemployment is currently 3.7%.

Population

102,738

2022 population grew by 2,057 over the last 5 years and is projected to grow by 272 over the next 5 years.

38,981

Households

37

Median Age

Economy

43,104

2022 Labor Force

2,239

Businesses

Top Industries in Federal Way

Industries with the most employment

OrganizationsEmployees
CIty Hall 559
Federal Way Public Schools3000
South King Fire and Rescue157
Lakehaven Water and Sewer District106
King County 64
WA State13

Workforce

32.2%

King County, WA residents possess a Bachelor's Degree (11.4% above the national average)

2.5%

Unemployment Rate

11.40%

Poverty Rate

Housing Affordability

$561K

Median Home Value

$2,223

Current Market Rent

54.80%

Homeownership Rate

Data


METHODOLOGY

This report includes 51,037 data points from 23 measures, collected from sources described below. 

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.


SOURCES
  • Lightcast/Emsi Burning Glass, Zillow, American Community Survey, Neighborhood Scout, CoStar, Bureau of Labor Statistics