Raft Island, WA
Population 363 · Washington
About Raft Island, WA
Raft Island is a small community located in Washington with a population of 363 residents according to the latest US Census Bureau American Community Survey data. The median household income is $161,389 per year, which is 115% above the national median of $75,149. The median age of 53.3 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 Raft Island features a median home value of $798,600, which is 226% above the national median of $244,900. This places Raft Island in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 189 total housing units, 82% are owner-occupied (147 units) and 18% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Raft Island shows an unemployment rate of 1.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Raft Island have an average one-way commute time of 14.5 minutes, one of the shorter commutes in the region.
Education & Demographics
63.0% of Raft Island 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 3.3% of the population being foreign-born.
How Raft Island Ranks in Washington
Cost of Living in Raft Island, WA
Compared to national averages, Raft Island has a median household income of $161,389 (115% above the national median of $75,149). Home values average $798,600, which is 226% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Washington, Raft Island's income is 78% above the state average of $90,795, and home values are 73% above the state median of $460,491.
Why Live in Raft Island, WA?
Raft Island offers a strong local economy with a median household income of $161,389, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features a well-educated community where 63.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.8%, better than the national average, and short commute times averaging just 14.5 minutes.
Potential considerations include a competitive housing market where the typical home costs $798,600. However, Raft Island’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Raft Island has a population of 363 with a median age of 53.3 years. Compare Raft Island with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Raft Island
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| LaCrosse | 362 | $31,250 | $109,900 | Compare |
| Almira | 365 | $61,548 | $198,200 | Compare |
| Ryderwood | 367 | $36,579 | $196,800 | Compare |
| North Omak | 368 | $89,276 | $430,200 | Compare |
| South Prairie | 371 | $112,917 | $391,700 | Compare |
| Uniontown | 355 | $59,643 | $284,100 | Compare |
| Snoqualmie Pass | 354 | $0 | $812,500 | Compare |
| Schwana | 352 | $90,592 | $0 | 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 Raft Island With Other Cities
Frequently Asked Questions about Raft Island
What is the population of Raft Island, WA?
The population of Raft Island, WA is 363 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Washington.
What is the median household income in Raft Island?
The median household income in Raft Island, WA is $161,389 per year, which is 115% above the national median of $75,149.
What is the median home value in Raft Island?
The median home value in Raft Island, WA is $798,600, which is 226% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Raft Island?
The median monthly rent in Raft Island, WA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Raft Island?
The unemployment rate in Raft Island, WA is 1.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Raft Island, WA a good place to live?
Raft Island offers above-average incomes, a competitive housing market, and a strong job market. With a population of 363 and a median age of 53.3, the city appeals to established professionals and retirees.
How educated is Raft Island, WA?
63.0% of residents in Raft Island 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 Raft Island?
Key cost-of-living indicators for Raft Island, WA: median home value is $798,600 (226% above national), median rent is $0/month, and median household income is $161,389. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Raft Island?
The poverty rate in Raft Island, WA is 2.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Raft Island, WA?
Raft Island's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 0.0% two or more races. 3.3% of residents are foreign-born.