Esperance, WA
Population 3,988 · Washington
About Esperance, WA
Esperance is a small town located in Washington with a population of 3,988 residents according to the latest US Census Bureau American Community Survey data. The median household income is $134,866 per year, which is 79% above the national median of $75,149. The median age of 35.8 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 Esperance features a median home value of $731,100, which is 199% above the national median of $244,900. This places Esperance in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,549, 119% above the national average of $1,163/month. Of the 1,463 total housing units, 73% are owner-occupied (1,026 units) and 27% are renter-occupied (378 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Esperance shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Esperance have an average one-way commute time of 27.9 minutes.
Education & Demographics
47.9% of Esperance 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 7.1% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 17.6% of the population being foreign-born.
Cost of Living in Esperance, WA
Compared to national averages, Esperance has a median household income of $134,866 (79% above the national median of $75,149). Home values average $731,100, which is 199% above the national median. Monthly rent at $2,549 is 119% above the US average of $1,163. Within Washington, Esperance's income is 49% above the state average of $90,795, and home values are 59% above the state median of $460,491.
Why Live in Esperance, WA?
Esperance offers a strong local economy with a median household income of $134,866, well above the national average, and a well-educated community where 47.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $731,100. However, Esperance’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Esperance has a population of 3,988 with a median age of 35.8 years. Compare Esperance with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Esperance
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Larch Way | 4,046 | $141,429 | $796,100 | Compare |
| La Center | 3,885 | $118,629 | $549,900 | Compare |
| Cascade Valley | 3,824 | $48,862 | $101,100 | Compare |
| Montesano | 4,157 | $65,938 | $331,300 | Compare |
| Mirrormont | 4,217 | $182,283 | $950,100 | Compare |
| Bunk Foss | 3,718 | $152,208 | $730,800 | Compare |
| Grand Mound | 3,711 | $77,000 | $325,000 | Compare |
| Rosedale | 4,267 | $149,632 | $816,000 | 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 Esperance With Other Cities
Frequently Asked Questions about Esperance
What is the population of Esperance, WA?
The population of Esperance, WA is 3,988 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Washington.
What is the median household income in Esperance?
The median household income in Esperance, WA is $134,866 per year, which is 79% above the national median of $75,149.
What is the median home value in Esperance?
The median home value in Esperance, WA is $731,100, which is 199% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Esperance?
The median monthly rent in Esperance, WA is $2,549, which is 119% above the national average of $1,163/month.
What is the unemployment rate in Esperance?
The unemployment rate in Esperance, WA is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Esperance, WA a good place to live?
Esperance offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,988 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Esperance, WA?
47.9% of residents in Esperance 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 Esperance?
Key cost-of-living indicators for Esperance, WA: median home value is $731,100 (199% above national), median rent is $2,549/month, and median household income is $134,866. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Esperance?
The poverty rate in Esperance, WA is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Esperance, WA?
Esperance's population is 7.1% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 17.6% of residents are foreign-born.