Mountlake Terrace is a city in Washington state in USA with a population of 21328 residents.. The poverty rate of Mountlake Terrace is 6.9%, which is 51% lower than national average. The typical household in Mountlake Terrace earns $80738 a year, compared to the national median of $67,500. Nearly 23.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Mountlake Terrace, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Mountlake Terrace remained 3%, which is 36% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Mountlake Terrace, only 37% of adults have a bachelor's degree and 38% have some college but no degree.

Cost of living in Mountlake Terrace is 134, which is 34% higher than national average. Median home value in Mountlake Terrace is $424700 , which is 85% higher than national average. While median income in Mountlake Terrace remained $80738, which is 20% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.