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. Bonney Lake has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. 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.
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.
Telecommuters are a relatively large percentage of the workforce: 14.71% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
In Bonney Lake, however, the average commute to work is quite long. On average, people spend 35.97 minutes each day getting to work, which is significantly higher than the national average.
In terms of college education, Bonney Lake is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.50% of adults 25 and older in the city 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.