Cottage Lake, WA
Population 23,170 · Washington
About Cottage Lake, WA
Cottage Lake is a mid-sized city located in Washington with a population of 23,170 residents according to the latest US Census Bureau American Community Survey data. The median household income is $197,331 per year, which is 163% above the national median of $75,149. The median age of 44.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cottage Lake features a median home value of $1,164,000, which is 375% above the national median of $244,900. This places Cottage Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,374, 104% above the national average of $1,163/month. Of the 8,129 total housing units, 92% are owner-occupied (7,223 units) and 8% are renter-occupied (653 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cottage Lake shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cottage Lake have an average one-way commute time of 27.1 minutes.
Education & Demographics
67.7% of Cottage Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.1% White, 1.0% Hispanic or Latino, 0.3% Black or African American, and 1.2% Asian residents, with 16.4% of the population being foreign-born.
How Cottage Lake Ranks in Washington
Cost of Living in Cottage Lake, WA
Compared to national averages, Cottage Lake has a median household income of $197,331 (163% above the national median of $75,149). Home values average $1,164,000, which is 375% above the national median. Monthly rent at $2,374 is 104% above the US average of $1,163. Within Washington, Cottage Lake's income is 117% above the state average of $90,795, and home values are 153% above the state median of $460,491.
Why Live in Cottage Lake, WA?
Cottage Lake offers a strong local economy with a median household income of $197,331, well above the national average, and a well-educated community where 67.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,164,000. However, Cottage Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cottage Lake has a population of 23,170 with a median age of 44.2 years. Compare Cottage Lake with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Cottage Lake
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hazel Dell | 23,086 | $78,958 | $424,500 | Compare |
| Union Hill-Novelty Hill | 23,272 | $181,820 | $1,174,100 | Compare |
| Eastmont | 23,486 | $139,346 | $696,800 | Compare |
| Bonney Lake | 22,776 | $131,524 | $558,900 | Compare |
| Kenmore | 23,594 | $137,926 | $869,800 | Compare |
| Martha Lake | 22,740 | $132,130 | $725,400 | Compare |
| North Lynnwood | 23,653 | $102,888 | $565,000 | Compare |
| Frederickson | 24,219 | $107,241 | $455,900 | 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 Cottage Lake With Other Cities
Frequently Asked Questions about Cottage Lake
What is the population of Cottage Lake, WA?
The population of Cottage Lake, WA is 23,170 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 Cottage Lake?
The median household income in Cottage Lake, WA is $197,331 per year, which is 163% above the national median of $75,149.
What is the median home value in Cottage Lake?
The median home value in Cottage Lake, WA is $1,164,000, which is 375% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cottage Lake?
The median monthly rent in Cottage Lake, WA is $2,374, which is 104% above the national average of $1,163/month.
What is the unemployment rate in Cottage Lake?
The unemployment rate in Cottage Lake, WA is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cottage Lake, WA a good place to live?
Cottage Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 23,170 and a median age of 44.2, the city appeals to a broad range of residents.
How educated is Cottage Lake, WA?
67.7% of residents in Cottage Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cottage Lake?
Key cost-of-living indicators for Cottage Lake, WA: median home value is $1,164,000 (375% above national), median rent is $2,374/month, and median household income is $197,331. The home-value-to-income ratio is 5.9x, a moderate figure by national standards.
What is the poverty rate in Cottage Lake?
The poverty rate in Cottage Lake, WA is 3.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cottage Lake, WA?
Cottage Lake's population is 4.1% White, 1.0% Hispanic or Latino, 0.3% Black or African American, 1.2% Asian, and 0.2% two or more races. 16.4% of residents are foreign-born.