Bonney Lake is a medium-sized city located in the state of Washington. With a population of 22,885 people and ten associated neighborhoods, Bonney Lake is the 51st largest community in Washington. Much of the housing stock in Bonney Lake was built relatively recently. The construction of new real estate can often be taken as an indication that the local Bonney Lake economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Bonney Lake, where the median household income is $123,462.00. Housing costs in Bonney Lake are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Washington.Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Bonney Lake is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Bonney Lake is a city of sales and office workers, managers, and professionals. There are especially a lot of people living in Bonney Lake who work in management occupations (12.34%), office and administrative support (12.30%), and sales jobs (10.40%). Also of interest is that Bonney Lake has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.71% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. One downside of living in Bonney Lake is that it can take a long time to commute to work. In Bonney Lake, the average commute to work is 35.97 minutes, which is quite a bit higher than the national average. The percentage of people in Bonney Lake who are college-educated is somewhat higher than the average US community of 21.84%: 28.50% of adults in Bonney Lake have at least a bachelor's degree. The per capita income in Bonney Lake in 2022 was $49,627, which is wealthy relative to Washington and the nation. This equates to an annual income of $198,508 for a family of four. Bonney Lake is a very ethnically-diverse city. The people who call Bonney Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Bonney Lake residents report their race to be White, followed by Asian. Bonney Lake also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.78% of the city’s residents. Important ancestries of people in Bonney Lake include German, English, Irish, Norwegian, and Italian. The most common language spoken in Bonney Lake is English. Other important languages spoken here include Spanish and Korean.
