Living in Millwood, Washington
Cost of living, income, home prices, rent and demographics of Millwood · Census data 2020–2024
Millwood has 1,890 residents with a median age of 37.8. The median household income is $83,068 (15% lower than the Washington median), the median home value is $358,900, the median rent is $1,134/month.
Millwood at a glance
- Population
- 1,890
- Median age
- 37.8State: 38.3
- Median household income
- $83,068State: $98,141
- Median home value
- $358,900State: $564,600
- Median rent
- $1,134/moState: $1,760
- Homeowners
- 63.8%
- Bachelor's degree or higher
- 25.7%
- Average commute
- 18 min
Is Millwood a good place to live?
Pros: Home values 36% lower than the state median; an average commute of 18 minutes; unemployment of 0.7%; a poverty rate of 9.5%.
Cons: Median household income 15% lower than the Washington median.
The weather is best in June to September.
Cost of living in Millwood
Housing is the biggest part of the cost of living. In Millwood the median home value is $358,900, 8% higher than the U.S. median. Renters pay a median of $1,134 per month, which is 24.5% of household income. Homeowners with a mortgage pay $1,801 a month in housing costs.
Millwood median household income
The median household income in Millwood is $83,068 and the income per person is $40,351. 9.5% of residents live below the poverty line (Washington: 9.9%).
Housing in Millwood: homes for sale and rent
- Housing units
- 814
- Owner-occupied
- 63.8%
- Renter-occupied
- 36.2%
- Vacant
- 4.7%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 2.42
Millwood demographics
- Population
- 1,890
- Median age
- 37.8
- Under 18
- 24.2%
- 65 and older
- 16.7%
- Households
- 776
- Foreign-born
- 3.3%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Millwood ›
Education in Millwood
25.7% of adults 25 and older in Millwood have a bachelor's degree or higher (Washington: 39.6%), and 10.1% have a graduate or professional degree.
Jobs and commute in Millwood
- Unemployment rate
- 0.7%State: 5.1%
- Average commute
- 18 minState: 27 min
- Work from home
- 12.7%
- Drive alone
- 82.7%
- Public transit
- 0.8%
- Walk to work
- 1.7%
- Homes with broadband
- 92.3%
Millwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Millwood | 1,890 | $83,068 | $358,900 | $1,134 |
| Spokane Valley | 106,365 | $74,042 | $382,300 | $1,353 |
| Mead | 6,893 | $77,045 | $408,200 | $1,445 |
| Spokane | 230,293 | $70,064 | $363,500 | $1,215 |
| Town and Country | 4,890 | $92,652 | $356,800 | $1,600 |
| Country Homes | 6,198 | $84,653 | $429,400 | $1,286 |
| Liberty Lake | 12,737 | $118,723 | $577,500 | $1,895 |
| Fairwood | 10,674 | $91,988 | $469,100 | $1,208 |
| Otis Orchards-East Farms | 5,454 | $97,500 | $430,500 | $1,189 |
More for people moving to Millwood
Millwood ZIP code ›Weather and climate ›Living in Millwood: FAQ
What is the median household income in Millwood, WA?
The median household income in Millwood is $83,068, 15% lower than the Washington median of $98,141 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Millwood?
The median home value in Millwood is $358,900, compared with $564,600 in Washington.
How much is rent in Millwood?
The median gross rent in Millwood is $1,134 per month, about 24.5% of household income.
Is Millwood, WA a good place to live?
Pluses: home values 36% lower than the state median; an average commute of 18 minutes; unemployment of 0.7%; a poverty rate of 9.5%. Minuses: median household income 15% lower than the Washington median.
What is the median age in Millwood?
The median age in Millwood is 37.8 years (Washington: 38.3).
How long is the commute in Millwood?
The average commute to work in Millwood is 18 minutes; 12.7% of workers work from home.
What is the unemployment rate in Millwood?
The unemployment rate in Millwood is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Millwood?
25.7% of adults in Millwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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