The ZIP Code 98023 is associated with the city of Federal Way in Washington in King County. It is estimated that about 29.7% of residents in this Washington region hold a bachelor's degree or higher, while the per capita income is approximately $34,126. Median househould income is at $79,434, with an estimated 7% of the population living below the poverty line. The median age in ZIP Code 98023 is approximately 36.6 years, and 16.8% of the region's residents are aged 62 years and older. The current population estimate is 50,201.
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The median household income in ZIP Code 98023 is $79,434, while the region's mean household income is $94,130. Breaking income down further, per capita income in the region is $34,126. The per capita income in ZIP Code 98023 of $34,126 is approximately 12.31% less than the per capita income in the U.S. overall of $38,915. An estimated 6.7% of the population is living below the poverty line in this region. This rate is approximately 29.47% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 21.8% of the population in 98023 earn $100,000 to $149,999 per year, while an estimated 17.3% earn $50,000 to $74,999 per year, and 2.2% of 98023 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 3.8% |
| $10,000 to $14,999 per year | 2.2% |
| $15,000 to $24,999 per year | 4.4% |
| $25,000 to $34,999 per year | 7.1% |
| $35,000 to $49,999 per year | 11.5% |
| $50,000 to $74,999 per year | 17.3% |
| $75,000 to $99,999 per year | 16.3% |
| $100,000 to $149,999 per year | 21.8% |
| $150,000 to $199,999 per year | 9.0% |
| $200,000 or more per year | 6.6% |
In ZIP Code 98023, 91.3% of the population graduated high school, while 29.7% have a bachelor's degree or higher. In this region, 3.3% achieved an education level less than 9th grade, while 9.8% hold a graduate or professional degree. Approximately 24.7% in this King County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 3.3% |
| 9th to 12th grade, no diploma | 5.4% |
| High school graduate (includes equivalency) | 24.7% |
| Some college, no degree | 24.7% |
| Associate's degree | 12.2% |
| Bachelor's degree | 19.9% |
| Graduate or professional degree | 9.8% |
Looking at race in the population that makes up ZIP Code 98023, 90.6% is one race, while 9.4% are two or more races. Approximately 14.1% of 98023 residents are hispanic or Latino (of any race). The most common race in 98023 (race alone or in combination with one or more other races), is White (63.7%), followed by Asian (17.0%) .
| Industry | Percent |
|---|---|
| White | 63.7% |
| Black or African American | 16.2% |
| American Indian and Alaska Native | 3.1% |
| Asian | 17.0% |
| Native Hawaiian and Other Pacific Islander | 4.1% |
| Some other race | 6.9% |
The median home value in ZIP Code 98023 in January 2025 comes in at $620,397. The January 2025 value is approximately 2% higher than the $606,010 median value in August 2024, and 5% higher than the $591,984 median value in February 2024. Regarding the age of homes in ZIP Code 98023, an estimated 26.7% of homes were built between 1980 and 1989. Additionally, 26.0% of homes in the region were built between 1970 and 1979, while an estimated 0.5% of homes were built in 1939 or earlier in this King County region.
| Month | Home value |
|---|---|
| Jan 2025 | $620,397 |
| Dec 2024 | $617,902 |
| Nov 2024 | $614,134 |
| Oct 2024 | $610,673 |
| Sep 2024 | $607,754 |
| Aug 2024 | $606,010 |
| Jul 2024 | $605,863 |
| Jun 2024 | $605,933 |
| May 2024 | $604,712 |
| Apr 2024 | $600,767 |
| Mar 2024 | $595,700 |
| Feb 2024 | $591,984 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.9% |
| Built between 2010 and 2013 | 1.7% |
| Built between 2000 and 2009 | 6.4% |
| Built between 1990 and 1999 | 19.0% |
| Built between 1980 and 1989 | 26.7% |
| Built between 1970 and 1979 | 26.0% |
| Built between 1960 and 1969 | 14.8% |
| Built between 1950 and 1959 | 3.0% |
| Built between 1940 and 1949 | 1.1% |
| Built in 1939 or earlier | 0.5% |
Residents of ZIP Code 98023 are younger than average. The median age of 36.6 years in ZIP Code 98023 is approximately 3.94% lower than the overall median age in the U.S. of 38.1 years. About 76.7% of residents are aged 18 years and older, and 16.8% of residents are 62 years and over. Approximately 14.1% of the population in 98023 falls in the age group 45 to 54 years, while an estimated 13.8% are aged 25 to 34 years. On the low end of the scale, 1.3% of 98023 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.3% |
| 5 to 9 years | 6.1% |
| 10 to 14 years | 7.3% |
| 15 to 19 years | 7.0% |
| 20 to 24 years | 6.9% |
| 25 to 34 years | 13.8% |
| 35 to 44 years | 12.2% |
| 45 to 54 years | 14.1% |
| 55 to 59 years | 7.1% |
| 60 to 64 years | 6.5% |
| 65 to 74 years | 7.8% |
| 75 to 84 years | 3.5% |
| 85 years and over | 1.3% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 98023 is current access to health insurance, as an estimated 91.7% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 98023 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 91.7% |
| Risk Behavior | Percent of adults* |
|---|
In 98023, 67.6% of the population is in the labor force. Recent estimates place 4.0% as working from home, while the total labor force in the region has a mean travel to time to work of 37.4 minutes. Approximately 18.8% of the employed population 16 years and over in 98023 work in educational services, and health care and social assistance, while an estimated 12.0% work in professional, scientific, management, and administrative. On the lower end of the scale, just 0.1% of 98023 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.1% |
| Construction | 7.3% |
| Manufacturing | 10.4% |
| Wholesale trade | 3.1% |
| Retail trade | 11.5% |
| Transportation and warehousing, and utilities | 10.6% |
| Information | 1.5% |
| Finance and insurance, and real estate and rental and leasing | 5.9% |
| Professional, scientific, management, and administrative | 12.0% |
| Educational services, and health care and social assistance | 18.8% |
| Arts, entertainment, and recreation, and accommodation and food services | 9.2% |
| Other services, except public administration | 5.0% |
| Public administration | 4.6% |
In ZIP Code 98023, 71.4% of the population lists "English only" as the language spoken in home, while 9.1% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 6.2% of homes, and other Indo-European languages are spoken in 11.5% of homes. Lastly, 1.8% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this King County region.
| Language Spoken | Percent |
|---|---|
| English only | 71.4% |
| Spanish | 9.1% |
| Other Indo-European languages | 6.2% |
| Asian and Pacific Islander languages | 11.5% |
| Other languages | 1.8% |
Regarding solar power potential, ZIP Code 98023 has an average daily solar radiation level of 4.01 kWh/m2/day. This is approximately 2.67% less than an area in the U.S. with historically low solar radiation levels (WA), and about 39.15% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 98023 | 10.36¢/kWh | 9.46¢/kWh | 3.78¢/kWh |
| Washington | 13.79¢/kWh | 10.99¢/kWh | 7.22¢/kWh |
| United States | 18.07¢/kWh | 14.06¢/kWh | 9.02¢/kWh |
| Month | ZIP Code 98023 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 1.83 | 1.9 | 5.84 |
| Feb | 2.76 | 3 | 6.31 |
| Mar | 3.67 | 3.65 | 7.02 |
| Apr | 5.05 | 5.13 | 7.3 |
| May | 5.19 | 5.17 | 7.13 |
| Jun | 5.67 | 5.72 | 6.95 |
| Jul | 6.09 | 6.22 | 6.51 |
| Aug | 5.83 | 6.08 | 6.65 |
| Sep | 5 | 5.15 | 7.02 |
| Oct | 3.17 | 3.32 | 6.92 |
| Nov | 2.11 | 2.33 | 5.99 |
| Dec | 1.7 | 1.78 | 5.46 |