Lacey, WA
Population 57,088 · Washington
About Lacey, WA
Lacey is a mid-sized city located in Washington with a population of 57,088 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,277 per year, which is 16% above the national median of $75,149. The median age of 37.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lacey features a median home value of $427,900, which is 75% above the national median of $244,900. This places Lacey in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,805, 55% above the national average of $1,163/month. Of the 24,199 total housing units, 57% are owner-occupied (13,245 units) and 43% are renter-occupied (9,896 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lacey shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lacey have an average one-way commute time of 26.1 minutes.
Education & Demographics
32.2% of Lacey 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 7.8% White, 2.4% Hispanic or Latino, 1.6% Black or African American, and 3.1% Asian residents, with 12.4% of the population being foreign-born.
How Lacey Ranks in Washington
Cost of Living in Lacey, WA
Compared to national averages, Lacey has a median household income of $87,277 (16% above the national median of $75,149). Home values average $427,900, which is 75% above the national median. Monthly rent at $1,805 is 55% above the US average of $1,163. Within Washington, Lacey's income is 4% below the state average of $90,795, and home values are 7% below the state median of $460,491.
Why Live in Lacey, WA?
Lacey offers a strong local economy with a median household income of $87,277, well above the national average, and a low poverty rate of 11.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $427,900. However, as a mid-sized city, Lacey provides access to a wide range of amenities and services.
Lacey has a population of 57,088 with a median age of 37.7 years. Compare Lacey with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Lacey
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Olympia | 55,583 | $76,930 | $457,900 | Compare |
| Shoreline | 59,280 | $113,336 | $759,400 | Compare |
| Richland | 61,912 | $92,550 | $401,800 | Compare |
| Burien | 51,331 | $90,597 | $609,300 | Compare |
| Lakewood | 63,034 | $70,524 | $420,500 | Compare |
| Bothell | 48,610 | $132,232 | $871,300 | Compare |
| Sammamish | 66,375 | $227,273 | $1,240,300 | Compare |
| South Hill | 68,161 | $109,235 | $493,800 | 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 Lacey With Other Cities
Frequently Asked Questions about Lacey
What is the population of Lacey, WA?
The population of Lacey, WA is 57,088 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 Lacey?
The median household income in Lacey, WA is $87,277 per year, which is 16% above the national median of $75,149.
What is the median home value in Lacey?
The median home value in Lacey, WA is $427,900, which is 75% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lacey?
The median monthly rent in Lacey, WA is $1,805, which is 55% above the national average of $1,163/month.
What is the unemployment rate in Lacey?
The unemployment rate in Lacey, WA is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lacey, WA a good place to live?
Lacey offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 57,088 and a median age of 37.7, the city appeals to a broad range of residents.
How educated is Lacey, WA?
32.2% of residents in Lacey 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 Lacey?
Key cost-of-living indicators for Lacey, WA: median home value is $427,900 (75% above national), median rent is $1,805/month, and median household income is $87,277. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Lacey?
The poverty rate in Lacey, WA is 11.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lacey, WA?
Lacey's population is 7.8% White, 2.4% Hispanic or Latino, 1.6% Black or African American, 3.1% Asian, and 5.9% two or more races. 12.4% of residents are foreign-born.