Living in Mountlake Terrace, Washington
Cost of living, income, home prices, rent and demographics of Mountlake Terrace · Census data 2020–2024
Mountlake Terrace has 23,104 residents with a median age of 38.3. The median household income is $107,687 (10% higher than the Washington median), the median home value is $667,300, the median rent is $2,004/month.
Mountlake Terrace at a glance
- Population
- 23,104
- Median age
- 38.3State: 38.3
- Median household income
- $107,687State: $98,141
- Median home value
- $667,300State: $564,600
- Median rent
- $2,004/moState: $1,760
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 43%
- Average commute
- 28 min
Is Mountlake Terrace a good place to live?
Pros: Median household income 10% higher than the Washington median; unemployment of 4.2%; a poverty rate of 7%.
Cons: Home values 18% higher than the state median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Mountlake Terrace
Housing is the biggest part of the cost of living. In Mountlake Terrace the median home value is $667,300, 101% higher than the U.S. median. Renters pay a median of $2,004 per month, which is 28.9% of household income. Homeowners with a mortgage pay $2,580 a month in housing costs.
Mountlake Terrace median household income
The median household income in Mountlake Terrace is $107,687 and the income per person is $59,528. 7% of residents live below the poverty line (Washington: 9.9%).
Housing in Mountlake Terrace: homes for sale and rent
- Housing units
- 10,210
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 3.5%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.32
Mountlake Terrace demographics
- Population
- 23,104
- Median age
- 38.3
- Under 18
- 17%
- 65 and older
- 16.5%
- Households
- 9,855
- Foreign-born
- 18.5%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Mountlake Terrace ›
Education in Mountlake Terrace
43% of adults 25 and older in Mountlake Terrace have a bachelor's degree or higher (Washington: 39.6%), and 14.9% have a graduate or professional degree.
Jobs and commute in Mountlake Terrace
- Unemployment rate
- 4.2%State: 5.1%
- Average commute
- 28 minState: 27 min
- Work from home
- 21.9%
- Drive alone
- 62.6%
- Public transit
- 3.3%
- Walk to work
- 1%
- Homes with broadband
- 93.5%
Mountlake Terrace vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mountlake Terrace | 23,104 | $107,687 | $667,300 | $2,004 |
| Brier | 6,545 | $132,045 | $866,600 | $2,318 |
| Alderwood Manor | 10,266 | $105,181 | $700,900 | $1,919 |
| Esperance | 4,189 | $148,640 | $790,700 | $2,463 |
| Lynnwood | 40,110 | $77,704 | $686,900 | $1,742 |
| Lake Forest Park | 13,335 | $159,904 | $953,200 | $2,333 |
| Edmonds | 42,735 | $122,449 | $890,100 | $1,903 |
| Bothell West | 22,029 | $153,449 | $824,900 | $2,511 |
| Shoreline | 61,431 | $112,751 | $811,100 | $1,985 |
More for people moving to Mountlake Terrace
Mountlake Terrace ZIP code ›Weather and climate ›Living in Mountlake Terrace: FAQ
What is the median household income in Mountlake Terrace, WA?
The median household income in Mountlake Terrace is $107,687, 10% higher 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 Mountlake Terrace?
The median home value in Mountlake Terrace is $667,300, compared with $564,600 in Washington.
How much is rent in Mountlake Terrace?
The median gross rent in Mountlake Terrace is $2,004 per month, about 28.9% of household income.
Is Mountlake Terrace, WA a good place to live?
Pluses: median household income 10% higher than the Washington median; unemployment of 4.2%; a poverty rate of 7%. Minuses: home values 18% higher than the state median; an average commute of 28 minutes.
What is the median age in Mountlake Terrace?
The median age in Mountlake Terrace is 38.3 years (Washington: 38.3).
How long is the commute in Mountlake Terrace?
The average commute to work in Mountlake Terrace is 28 minutes; 21.9% of workers work from home.
What is the unemployment rate in Mountlake Terrace?
The unemployment rate in Mountlake Terrace is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mountlake Terrace?
43% of adults in Mountlake Terrace 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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