Federal Way, WA — Demographics & Statistics
ZIP code 98003 serves a portion of Federal Way, Washington, within King County. This community is home to approximately 31,941 residents, with a median age of 46.2 years. The median household income of $92,763 sits above the national median of $67,521, while median home values of $380,328 are above the national average of $301,500. The area has a renter-majority housing profile, with 30% owner-occupied and 70% renter-occupied units. Cost of living in this part of Federal Way is higher than the national baseline, with an index of 131 (100 = national average). With a college-education rate of 56% and an unemployment rate of 5.6%, 98003 reflects the economic character of King County in Washington.
| Category | Statistic | Value | vs. National Avg |
|---|---|---|---|
| Population | Total Population | 31,941 | — |
| Population | Density (per sq mi) | 5,413 | — |
| Economics | Median Household Income | $92,763 | ↑ 37% vs nat'l avg |
| Economics | Median Home Value | $380,328 | ↑ 26% vs nat'l avg |
| Economics | Cost of Living Index | 131 | ↑ Higher than avg |
| Economics | Unemployment Rate | 5.6% | ↑ 44% vs nat'l avg |
| Economics | Below Poverty Line | 4.1% | ↓ 64% vs nat'l avg |
| Education | College Educated (25+) | 56% | ↑ 60% vs nat'l avg |
| Demographics | Median Age | 46.2 yrs | ↑ 20% vs nat'l avg |
| Housing | Owner-Occupied | 30% | — |
| Housing | Renter-Occupied | 70% | — |
| Housing | Total Housing Units | 14,373 | — |