Bonney Lake, WA
Population 22,776 · Washington
About Bonney Lake, WA
Bonney Lake is a mid-sized city located in Washington with a population of 22,776 residents according to the latest US Census Bureau American Community Survey data. The median household income is $131,524 per year, which is 75% above the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Bonney Lake features a median home value of $558,900, which is 128% above the national median of $244,900. This places Bonney Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,212, 90% above the national average of $1,163/month. Of the 7,894 total housing units, 80% are owner-occupied (6,115 units) and 20% are renter-occupied (1,540 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bonney Lake shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bonney Lake have an average one-way commute time of 34 minutes.
Education & Demographics
29.6% of Bonney Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.3% White, 3.6% Hispanic or Latino, 1.5% Black or African American, and 3.3% Asian residents, with 5.9% of the population being foreign-born.
Cost of Living in Bonney Lake, WA
Compared to national averages, Bonney Lake has a median household income of $131,524 (75% above the national median of $75,149). Home values average $558,900, which is 128% above the national median. Monthly rent at $2,212 is 90% above the US average of $1,163. Within Washington, Bonney Lake's income is 45% above the state average of $90,795, and home values are 21% above the state median of $460,491.
Why Live in Bonney Lake, WA?
Bonney Lake offers a strong local economy with a median household income of $131,524, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a low poverty rate of 4.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $558,900. However, Bonney Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bonney Lake has a population of 22,776 with a median age of 35.4 years. Compare Bonney Lake with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Bonney Lake
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Martha Lake | 22,740 | $132,130 | $725,400 | Compare |
| Hazel Dell | 23,086 | $78,958 | $424,500 | Compare |
| Cottage Lake | 23,170 | $197,331 | $1,164,000 | Compare |
| Union Hill-Novelty Hill | 23,272 | $181,820 | $1,174,100 | Compare |
| Eastmont | 23,486 | $139,346 | $696,800 | Compare |
| Kenmore | 23,594 | $137,926 | $869,800 | Compare |
| North Lynnwood | 23,653 | $102,888 | $565,000 | Compare |
| Silver Firs | 21,796 | $153,026 | $791,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Washington
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bonney Lake With Other Cities
Frequently Asked Questions about Bonney Lake
What is the population of Bonney Lake, WA?
The population of Bonney Lake, WA is 22,776 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Washington.
What is the median household income in Bonney Lake?
The median household income in Bonney Lake, WA is $131,524 per year, which is 75% above the national median of $75,149.
What is the median home value in Bonney Lake?
The median home value in Bonney Lake, WA is $558,900, which is 128% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonney Lake?
The median monthly rent in Bonney Lake, WA is $2,212, which is 90% above the national average of $1,163/month.
What is the unemployment rate in Bonney Lake?
The unemployment rate in Bonney Lake, WA is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bonney Lake, WA a good place to live?
Bonney Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 22,776 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Bonney Lake, WA?
29.6% of residents in Bonney Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bonney Lake?
Key cost-of-living indicators for Bonney Lake, WA: median home value is $558,900 (128% above national), median rent is $2,212/month, and median household income is $131,524. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Bonney Lake?
The poverty rate in Bonney Lake, WA is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bonney Lake, WA?
Bonney Lake's population is 6.3% White, 3.6% Hispanic or Latino, 1.5% Black or African American, 3.3% Asian, and 1.1% two or more races. 5.9% of residents are foreign-born.