Woodway, WA
Population 1,174 · Washington
About Woodway, WA
Woodway is a small town located in Washington with a population of 1,174 residents according to the latest US Census Bureau American Community Survey data. The median household income is $196,500 per year, which is 161% above the national median of $75,149. The median age of 50.7 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 Woodway features a median home value of $1,741,100, which is 611% above the national median of $244,900. This places Woodway 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 455 total housing units, 98% are owner-occupied (435 units) and 2% are renter-occupied (9 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Woodway shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Woodway have an average one-way commute time of 27.1 minutes.
Education & Demographics
72.5% of Woodway 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 0.9% White, 1.7% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 15.4% of the population being foreign-born.
How Woodway Ranks in Washington
Cost of Living in Woodway, WA
Compared to national averages, Woodway has a median household income of $196,500 (161% above the national median of $75,149). Home values average $1,741,100, which is 611% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Washington, Woodway's income is 116% above the state average of $90,795, and home values are 278% above the state median of $460,491.
Why Live in Woodway, WA?
Woodway offers a strong local economy with a median household income of $196,500, 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 1.6%. Additionally, the city features a well-educated community where 72.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,741,100. However, Woodway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Woodway has a population of 1,174 with a median age of 50.7 years. Compare Woodway with other cities to see how it stacks up, or explore all cities in Washington.
Similar Cities Near Woodway
Cities in Washington with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crocker | 1,173 | $104,049 | $296,400 | Compare |
| Clear Lake CDP (Skagit County), Washington | 1,176 | $64,313 | $528,600 | Compare |
| Swede Heaven | 1,163 | $111,302 | $448,800 | Compare |
| Kittitas | 1,186 | $66,150 | $278,100 | Compare |
| West Pasco | 1,157 | $129,224 | $443,500 | Compare |
| Yarrow Point | 1,192 | $250,001 | $2,000,001 | Compare |
| Entiat | 1,151 | $76,250 | $336,400 | Compare |
| North Bonneville | 1,151 | $81,809 | $378,900 | 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 Woodway With Other Cities
Frequently Asked Questions about Woodway
What is the population of Woodway, WA?
The population of Woodway, WA is 1,174 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 Woodway?
The median household income in Woodway, WA is $196,500 per year, which is 161% above the national median of $75,149.
What is the median home value in Woodway?
The median home value in Woodway, WA is $1,741,100, which is 611% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Woodway?
The median monthly rent in Woodway, WA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Woodway?
The unemployment rate in Woodway, WA is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Woodway, WA a good place to live?
Woodway offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,174 and a median age of 50.7, the city appeals to established professionals and retirees.
How educated is Woodway, WA?
72.5% of residents in Woodway 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 Woodway?
Key cost-of-living indicators for Woodway, WA: median home value is $1,741,100 (611% above national), median rent is $0/month, and median household income is $196,500. The home-value-to-income ratio is 8.9x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Woodway?
The poverty rate in Woodway, WA is 2.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Woodway, WA?
Woodway's population is 0.9% White, 1.7% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 1.6% two or more races. 15.4% of residents are foreign-born.