Life in Parkwood research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Parkwood over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Parkwood:
The population in Parkwood is 6,976.
The median home value in Parkwood is $479,180.
The median income in Parkwood is $92,188.
The cost of living in Parkwood is 124 which is 1.2x higher than the national average.
The median rent in Parkwood is $1,746.
The unemployment rate in Parkwood is 1.1%.
The poverty rate in Parkwood is 4.4%.
The average high in Parkwood is 59.6° and the average low is 43.7°.
Cost of living in Parkwood summary. We use data on the cost of living to determine how expensive it is to live in Parkwood. Real estate prices drive most of the variance in cost of living around Washington. Key points include:
The cost of living in Parkwood is 124 with 100 being average.
The cost of living in Parkwood is 1.2x higher than the national average.
The median home value in Parkwood is $479,180.
The median income in Parkwood is $92,188.
| Living Expense | Parkwood | Washington | National Average | |
|---|---|---|---|---|
| Overall | 124 | 118 | 100 | |
| Services | 121 | 111 | 100 | |
| Groceries | 109 | 112 | 100 | |
| Health | 128 | 122 | 100 | |
| Housing | 151 | 135 | 100 | |
| Transportation | 130 | 124 | 100 | |
| Utilities | 91 | 91 | 100 | |
The average high in Parkwood is 59.6° and the average low is 43.7°.
There are 96.5 days of precipitation each year.
Expect an average of 43.9 inches of precipitation each year with 3.1 inches of snow.
| Stat | Parkwood |
|---|---|
| Average Annual High | 59.6 |
| Average Annual Low | 43.7 |
| Annual Precipitation Days | 96.5 |
| Average Annual Precipitation | 43.9 |
| Average Annual Snowfall | 3.1 |
The current population in Parkwood is 6,976. The population has decreased -0.6% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2023 | 6,976 | -4.5% |
| 2022 | 7,303 | 2.6% |
| 2021 | 7,115 | 5.3% |
| 2020 | 6,758 | -5.0% |
| 2019 | 7,113 | 6.2% |
| 2018 | 6,700 | 2.1% |
| 2017 | 6,559 | 0.4% |
| 2016 | 6,535 | -10.4% |
| 2015 | 7,294 | -0.2% |
| 2014 | 7,312 | 1.7% |
| 2013 | 7,189 | -1.8% |
| 2012 | 7,322 | 1.9% |
| 2011 | 7,188 | 2.5% |
| 2010 | 7,015 | - |
69.8% White with 4,871 White residents.
1.3% African American with 90 African American residents.
0.6% American Indian with 44 American Indian residents.
5.7% Asian with 398 Asian residents.
1.3% Hawaiian with 88 Hawaiian residents.
0.2% Other with 17 Other residents.
6.9% Two Or More with 484 Two Or More residents.
14.1% Hispanic with 984 Hispanic residents.
| Race | Parkwood | WA | USA |
|---|---|---|---|
| White | 69.8% | 64.3% | 58.2% |
| African American | 1.3% | 3.8% | 12.0% |
| American Indian | 0.6% | 0.8% | 0.5% |
| Asian | 5.7% | 9.3% | 5.7% |
| Hawaiian | 1.3% | 0.7% | 0.2% |
| Other | 0.2% | 0.5% | 0.5% |
| Two Or More | 6.9% | 6.5% | 3.9% |
| Hispanic | 14.1% | 14.1% | 19.0% |
Parkwood is 47.1% female with 3,285 female residents.
Parkwood is 52.9% male with 3,691 male residents.
| Gender | Parkwood | WA | USA |
|---|---|---|---|
| Female | 47.1% | 49.6% | 50.5% |
| Male | 52.9% | 50.4% | 49.5% |
2.0% of adults in Parkwood completed < 9th grade.
6.0% of adults in Parkwood completed 9-12th grade.
30.0% of adults in Parkwood completed high school / ged.
34.0% of adults in Parkwood completed some college.
10.0% of adults in Parkwood completed associate's degree.
13.0% of adults in Parkwood completed bachelor's degree.
4.0% of adults in Parkwood completed master's degree.
0.0% of adults in Parkwood completed professional degree.
1.0% of adults in Parkwood completed doctorate degree.
| Education | Parkwood | WA | USA |
|---|---|---|---|
| < 9th Grade | 2.0% | 3.0% | 5.0% |
| 9-12th Grade | 6.0% | 4.0% | 6.0% |
| High School / GED | 30.0% | 22.0% | 26.0% |
| Some College | 34.0% | 22.0% | 19.0% |
| Associate's Degree | 10.0% | 10.0% | 9.0% |
| Bachelor's Degree | 13.0% | 24.0% | 21.0% |
| Master's Degree | 4.0% | 11.0% | 10.0% |
| Professional Degree | 0.0% | 2.0% | 2.0% |
| Doctorate Degree | 1.0% | 2.0% | 2.0% |
1.4% of households in Parkwood earn Less than $10,000.
2.9% of households in Parkwood earn $10,000 to $14,999.
6.2% of households in Parkwood earn $15,000 to $24,999.
2.1% of households in Parkwood earn $25,000 to $34,999.
9.9% of households in Parkwood earn $35,000 to $49,999.
18.0% of households in Parkwood earn $50,000 to $74,999.
18.7% of households in Parkwood earn $75,000 to $99,999.
23.6% of households in Parkwood earn $100,000 to $149,999.
10.1% of households in Parkwood earn $150,000 to $199,999.
7.1% of households in Parkwood earn $200,000 or more.
| Income | Parkwood | WA | USA |
|---|---|---|---|
| Less than $10,000 | 1.4% | 3.8% | 4.9% |
| $10,000 to $14,999 | 2.9% | 2.7% | 3.6% |
| $15,000 to $24,999 | 6.2% | 4.9% | 6.6% |
| $25,000 to $34,999 | 2.1% | 5.3% | 6.8% |
| $35,000 to $49,999 | 9.9% | 8.6% | 10.4% |
| $50,000 to $74,999 | 18.0% | 14.6% | 15.7% |
| $75,000 to $99,999 | 18.7% | 12.6% | 12.7% |
| $100,000 to $149,999 | 23.6% | 19.2% | 17.4% |
| $150,000 to $199,999 | 10.1% | 11.3% | 9.3% |
| $200,000 or more | 7.1% | 17.2% | 12.6% |