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The total population of Federal Way is estimated to be 99,614 with 50,519 males (50.71%) and 49,095 females (49.29%). There are 1,424 less females than males in Federal Way.
The median household income in Federal Way was $78,873 in 2021, which marked an an increase of 1,058(1.36%) from $77,815 in 2020. This income is 105.72% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Federal Way sees its highest median household income among householders in the age group of 45 to 64 years old, at $94,142. Overall, the median household income for the city of Federal Way stands at $76,732.
In Federal Way, the median income for all workers aged 15 years and older, regardless of work hours, was $44,119 for males and $31,887 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,623 for males and $56,809 for females.
In Federal Way, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $96,789, while American Indian and Alaska Native households represent the opposite end with the lowest median household income of $21,109.
In 2022, the population of Federal Way was 97,863, a 1.43% decrease year-by-year from 2021. Previously, in 2021, Federal Way's population was 99,283, a decline of 1.68% compared to a population of 100,981 in 2020.
The median age in Federal Way, WA is 37.0, as per 2021 ACS 5-Year Estimates. Of the total population, 19.81% were under the age of 15, 20.33% aged 15 to 29, 46.30% aged 30 to 64, 12.04% aged 65 to 84, and 1.52% were 85 years of age and older.
Racial distribution of Federal Way population: 44.73% are White, 17.03% are Black or African American, 0.87% are American Indian and Alaska Native, 14.31% are Asian, 2.17% are Native Hawaiian and other Pacific Islander, 8.90% are some other race and 11.98% are multiracial.