Lake Tapps, WA
Population 12,360 · Washington
About Lake Tapps, WA
Lake Tapps is a mid-sized city located in Washington with a population of 12,360 residents according to the latest US Census Bureau American Community Survey data. The median household income is $145,250 per year, which is 93% above the national median of $75,149. The median age of 42.4 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 Lake Tapps features a median home value of $693,300, which is 183% above the national median of $244,900. This places Lake Tapps in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,004, 72% above the national average of $1,163/month. Of the 4,695 total housing units, 91% are owner-occupied (4,037 units) and 9% are renter-occupied (415 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Tapps shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Tapps have an average one-way commute time of 38 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
41.4% of Lake Tapps 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 3.8% White, 2.6% Hispanic or Latino, 1.8% Black or African American, and 1.9% Asian residents, with 4.5% of the population being foreign-born.
How Lake Tapps Ranks in Washington
Cost of Living in Lake Tapps, WA
Compared to national averages, Lake Tapps has a median household income of $145,250 (93% above the national median of $75,149). Home values average $693,300, which is 183% above the national median. Monthly rent at $2,004 is 72% above the US average of $1,163. Within Washington, Lake Tapps's income is 60% above the state average of $90,795, and home values are 51% above the state median of $460,491.
Why Live in Lake Tapps, WA?
Lake Tapps offers a strong local economy with a median household income of $145,250, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 41.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $693,300. However, Lake Tapps’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Tapps has a population of 12,360 with a median age of 42.4 years. Compare Lake Tapps with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Lake Tapps
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Liberty Lake | 12,435 | $105,599 | $506,000 | Compare |
| East Renton Highlands | 12,241 | $140,048 | $709,300 | Compare |
| Gig Harbor | 12,202 | $106,042 | $686,000 | Compare |
| Ridgefield | 12,576 | $117,550 | $590,200 | Compare |
| Sedro-Woolley | 12,633 | $72,140 | $390,200 | Compare |
| Minnehaha | 12,080 | $108,203 | $421,200 | Compare |
| Enumclaw | 12,663 | $116,563 | $498,700 | Compare |
| Prairie Ridge | 12,054 | $110,795 | $436,200 | 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 Lake Tapps With Other Cities
Frequently Asked Questions about Lake Tapps
What is the population of Lake Tapps, WA?
The population of Lake Tapps, WA is 12,360 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 Lake Tapps?
The median household income in Lake Tapps, WA is $145,250 per year, which is 93% above the national median of $75,149.
What is the median home value in Lake Tapps?
The median home value in Lake Tapps, WA is $693,300, which is 183% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Tapps?
The median monthly rent in Lake Tapps, WA is $2,004, which is 72% above the national average of $1,163/month.
What is the unemployment rate in Lake Tapps?
The unemployment rate in Lake Tapps, WA is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Tapps, WA a good place to live?
Lake Tapps offers above-average incomes, a competitive housing market, and a strong job market. With a population of 12,360 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Lake Tapps, WA?
41.4% of residents in Lake Tapps 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 Lake Tapps?
Key cost-of-living indicators for Lake Tapps, WA: median home value is $693,300 (183% above national), median rent is $2,004/month, and median household income is $145,250. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Lake Tapps?
The poverty rate in Lake Tapps, WA is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Tapps, WA?
Lake Tapps's population is 3.8% White, 2.6% Hispanic or Latino, 1.8% Black or African American, 1.9% Asian, and 0.3% two or more races. 4.5% of residents are foreign-born.