Martha Lake, WA
Population 22,740 · Washington
About Martha Lake, WA
Martha Lake is a mid-sized city located in Washington with a population of 22,740 residents according to the latest US Census Bureau American Community Survey data. The median household income is $132,130 per year, which is 76% above the national median of $75,149. The median age of 33.9 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 Martha Lake features a median home value of $725,400, which is 196% above the national median of $244,900. This places Martha Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,014, 73% above the national average of $1,163/month. Of the 8,001 total housing units, 62% are owner-occupied (4,955 units) and 38% are renter-occupied (2,987 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Martha Lake shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 10.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Martha Lake have an average one-way commute time of 28.5 minutes.
Education & Demographics
47.5% of Martha 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 5.8% White, 1.8% Hispanic or Latino, 0.8% Black or African American, and 2.3% Asian residents, with 28.9% of the population being foreign-born.
Cost of Living in Martha Lake, WA
Compared to national averages, Martha Lake has a median household income of $132,130 (76% above the national median of $75,149). Home values average $725,400, which is 196% above the national median. Monthly rent at $2,014 is 73% above the US average of $1,163. Within Washington, Martha Lake's income is 46% above the state average of $90,795, and home values are 58% above the state median of $460,491.
Why Live in Martha Lake, WA?
Martha Lake offers a strong local economy with a median household income of $132,130, well above the national average, and a well-educated community where 47.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $725,400. However, Martha Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Martha Lake has a population of 22,740 with a median age of 33.9 years. Compare Martha Lake with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Martha Lake
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bonney Lake | 22,776 | $131,524 | $558,900 | 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 Martha Lake With Other Cities
Frequently Asked Questions about Martha Lake
What is the population of Martha Lake, WA?
The population of Martha Lake, WA is 22,740 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 Martha Lake?
The median household income in Martha Lake, WA is $132,130 per year, which is 76% above the national median of $75,149.
What is the median home value in Martha Lake?
The median home value in Martha Lake, WA is $725,400, which is 196% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Martha Lake?
The median monthly rent in Martha Lake, WA is $2,014, which is 73% above the national average of $1,163/month.
What is the unemployment rate in Martha Lake?
The unemployment rate in Martha Lake, WA is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Martha Lake, WA a good place to live?
Martha Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 22,740 and a median age of 33.9, the city appeals to young professionals and families.
How educated is Martha Lake, WA?
47.5% of residents in Martha 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 Martha Lake?
Key cost-of-living indicators for Martha Lake, WA: median home value is $725,400 (196% above national), median rent is $2,014/month, and median household income is $132,130. The home-value-to-income ratio is 5.5x, a moderate figure by national standards.
What is the poverty rate in Martha Lake?
The poverty rate in Martha Lake, WA is 10.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Martha Lake, WA?
Martha Lake's population is 5.8% White, 1.8% Hispanic or Latino, 0.8% Black or African American, 2.3% Asian, and 5.7% two or more races. 28.9% of residents are foreign-born.