98040 can be classified socioeconomically as Upper Middle Class class compared to other ZIP Codes in Washington based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 98040 is White. The majority race/ethnicity attending public schools in 98040 is White. The current unemployment level in 98040 is 5.1%.
| Population | 25,464 |
| Population Growth Rate | 2.98% |
| Population Density | 1,941 People per Square Mile |
| Total Households | 9,335 |
| Percentage High Income Households | 30.7% |
| Median Household Income (2021) | $170,000 |
| Average Adjusted Gross Income (2021) | $1,267,090 |
| Current Unemployment Rate (May 2026) | 5.1% |
| Sales Tax Rate (2025) | 10.2% |
| Majority Race/Ethnicity | White - 72.63% |
| Public School Majority Race/Ethnicity | White - 57.56% |
98040 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 17,418 | 72.54% |
| Black | 231 | 0.96% |
| Hispanic | 825 | 3.44% |
| Asian | 5,492 | 22.87% |
| Native American | 17 | 0.07% |
| Hawaiian/Pac. Islander | 27 | 0.11% |
98040 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 2,413 | 65.57% |
| Black | 37 | 1.01% |
| Hispanic | 226 | 6.14% |
| Asian | 997 | 27.09% |
| Native American | 2 | 0.05% |
| Hawaiian/Pac. Islander | 5 | 0.14% |
98040 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 364 | 2.22% |
| Bachelor Degree | 6,607 | 40.24% |
| High School Diploma | 821 | 5% |
| No High School Diploma | 37 | 0.23% |
| GED or Alternate | 148 | 0.9% |
| 1 or More Years of College | 1,691 | 10.3% |
| Associates Degree | 728 | 4.43% |
| Masters Degree | 3,427 | 20.87% |
| Professional Degree | 1,960 | 11.94% |
| Doctorate Degree | 636 | 3.87% |
