00 Households
Households thrive when families can build wealth over time through long-term assets like personal savings and property ownership, as well as entrepreneurship.
+1.2% change in cost-burdened households
(as of 2024)
+1.2% change in cost-burdened households (as of 2024)
What are we seeing?
Median household income increased in 2024 across all racial and ethnic groups in King and Kitsap counties. In Pierce County, median household income increased for most groups, though American Indian and Alaska Native (AI/AN) households saw a slight decrease. In Snohomish County, median household income generally increased, but AI/AN households experienced a decline and Black households saw a slight decrease. Despite these changes, median white household income remains higher than that of Black, American Indian and Alaska Native (AI/AN), Native Hawaiian or Pacific Islander (NHPI), and Hispanic households.
High school graduation rates in 2025 increased for White and Black students but declined for all other racial and ethnic groups, with the largest decreases occurring among American Indian and Alaska Native (AI/AN) and Native Hawaiian or Pacific Islander (NHPI) students. On-time graduation rates for AI/AN, NHPI, and Hispanic students averaged 71.9%.
Homeownership rates remained relatively consistent overall between 2023 and 2024. However, White households have experienced gradual year-over-year declines in homeownership, while Asian households have seen small but steady increases over the same period.
In Washington State, people of color (POC) continued to experience higher rates of debt in collections than White residents in 2025, with 17.5% of POC having debt in collections compared to 13.4% of White residents, meaning POC had about 1.31 times the rate of debt in collections. Debt in collections increased slightly from 2024 levels for both groups, while the overall statewide rate rose from 13.6% to 14.3%, maintaining a notable disparity in debt burden between POC and White populations.
median household income
Median Income Reflects Families’ Economic Stability
Annual median household income (in 1000's of Dollars).
Why is this metric important? Growth in household income is a critical driver in building household wealth and also leads to increased consumption which supports broader economic growth for the region.
Source: U.S. Census Bureau | American Community Survey 5-Year Estimates
Year: 2024
Homeownership Rate
Homeownership Supports Families’ Financial Security
Percentage of population that owns a home.
Why is this metric important? Homeownership is a primary method of building household wealth over time and provides greater financial security and flexibility.
*Interpret AI/AN and NHPI percentages with caution since there are small sample sizes. These were included to ensure representation.
Source: U.S. Census Bureau | American Community Survey 5-Year Estimates
Year: 2024
Debt in Collections
Debt in Collections Strains Household Finances
The percentage of individuals with a credit bureau record who have debt in collections.
Why is this metric important? Debt from credit or unpaid bills can strain the financial well-being of families and communities.
*Because regional data could not be appropriately aggregated, the overall figure represents Washington State.
**In the most recent update, the Urban Institute revised the threshold used to define white communities and communities of color, rendering the data not directly comparable with previous releases. Consequently, the graph commences with data from 2025.
Source: Urban Institute | Debt in America: An Interactive Map
Year: 2025
Cost-Burdened Households
High Housing Costs Limit Household Opportunity
Combined percentage of renter and owner units with housing costs more than 30% of household income.
Why is this metric important? Housing costs in excess of 30% of income limit financial security, and can prevent upward mobility by restricting funds available for personal growth and continued education.
Source: U.S. Census Bureau | American Community Survey 5-Year Estimates
Year: 2024
On-Time High School Graduation
Graduating On Time Strengthens Future Opportunities
Percentage of students in the region who graduate high school in 4 years.
Why is this metric important? A highly functioning education system results in a resident base that is engaged, employable, and productive.
Source: State of Washington | Access Washington
Year: 2025