Millwood, WA
Population 1,880 · Washington
About Millwood, WA
Millwood is a small town located in Washington with a population of 1,880 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,875 per year, which is 4% below the national median of $75,149. The median age of 37.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Millwood features a median home value of $327,200, which is 34% above the national median of $244,900. This positions Millwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,097, 6% below the national average of $1,163/month. Of the 803 total housing units, 62% are owner-occupied (479 units) and 38% are renter-occupied (289 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Millwood shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Millwood have an average one-way commute time of 18.9 minutes, one of the shorter commutes in the region.
Education & Demographics
23.2% of Millwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.2% White, 1.2% Hispanic or Latino, 1.1% Black or African American, and 1.8% Asian residents, with 3.6% of the population being foreign-born.
How Millwood Ranks in Washington
Cost of Living in Millwood, WA
Compared to national averages, Millwood has a median household income of $71,875 (4% below the national median of $75,149). Home values average $327,200, which is 34% above the national median. Monthly rent at $1,097 is 6% below the US average of $1,163. Within Washington, Millwood's income is 21% below the state average of $90,795, and home values are 29% below the state median of $460,491.
Why Live in Millwood, WA?
Millwood offers rent that’s lower than the national average at $1,097/month, and a strong job market with an unemployment rate of just 0.8%, and a low poverty rate of 10.6%, better than the national average. Additionally, the city features short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($71,875) that falls below the national average. However, Millwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Millwood has a population of 1,880 with a median age of 37.3 years. Compare Millwood with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Millwood
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kitsap Lake | 1,879 | $90,156 | $421,200 | Compare |
| Cathcart | 1,878 | $106,000 | $875,600 | Compare |
| South Creek | 1,885 | $81,826 | $548,800 | Compare |
| South Bend | 1,856 | $43,333 | $235,500 | Compare |
| Cavalero | 1,850 | $144,076 | $612,400 | Compare |
| Tieton | 1,911 | $54,286 | $228,400 | Compare |
| Long Beach | 1,844 | $51,125 | $329,900 | Compare |
| Coupeville | 1,934 | $66,696 | $495,400 | 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 Millwood With Other Cities
Frequently Asked Questions about Millwood
What is the population of Millwood, WA?
The population of Millwood, WA is 1,880 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 Millwood?
The median household income in Millwood, WA is $71,875 per year, which is 4% below the national median of $75,149.
What is the median home value in Millwood?
The median home value in Millwood, WA is $327,200, which is 34% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Millwood?
The median monthly rent in Millwood, WA is $1,097, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Millwood?
The unemployment rate in Millwood, WA is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Millwood, WA a good place to live?
Millwood offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,880 and a median age of 37.3, the city appeals to a broad range of residents.
How educated is Millwood, WA?
23.2% of residents in Millwood 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 Millwood?
Key cost-of-living indicators for Millwood, WA: median home value is $327,200 (34% above national), median rent is $1,097/month, and median household income is $71,875. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Millwood?
The poverty rate in Millwood, WA is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Millwood, WA?
Millwood's population is 2.2% White, 1.2% Hispanic or Latino, 1.1% Black or African American, 1.8% Asian, and 0.8% two or more races. 3.6% of residents are foreign-born.