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Mountlake Terrace, Washington

city · Snohomish County

At a glance

23,104
Population
$667,300
Median home value (all homes)
120% above U.S. median
$678,553
Typical market value
Zillow, 2026-07
$2,004/mo
Median rent
49% above U.S. median
$107,687
Median household income
37% above U.S. median
27.9 min
Average commute
93.5%
Homes with broadband
72.62%
Locations with fiber available
4.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 136 — 36% above the national average. how it's computed

Housing138% above
Goods & services5% above
Utilities17% below
Taxes50% below
Insurance24% below
Commute cost41% above
For business: Washington is CBII band 4/5 · time to build band 4/5. See state page for the breakdown.

Living here

Colleges in town:
Nearest 4-year college5 mi
Nearest community college2 mi
Nearest technical college1 mi
High school graduates94.3%
College graduates43%

Doing business here

Economic development contacts, most local first:

city Mountlake Terrace Economic Development
Mountlake Terrace Economic Development supports redevelopment and revitalization of Mountlake Terrace's downtown, coordinates with city planning and economic vitality initiatives, and promotes business growth through a strategic plan and incentives for local businesses.
state Economic Alliance Snohomish County
Economic Alliance Snohomish County creates economic growth and opportunities through leadership, collaboration, advocacy and support, encouraging business, partnerships, jobs and growth by collaborating with stakeholders throughout Snohomish County. It is described as a catalyst for economic vitality, resulting in stronger communities.
state Klickitat County Eco Development
Klickitat County Economic Development promotes business in Klickitat County, highlighting infrastructure investments, industrial sites, and a favorable location for locating a business.
state Washington Eco Dev Association
Washington Economic Development Association (WEDA) is Washington State’s only trade association laser-focused on economic development, committed to recovering, retaining, recruiting and expanding jobs and reinvestment in Washington State. WEDA's members include economic development organizations, cities, counties, ports, tribes, businesses, education and community-based organizations that prioritize economic development, and the association advocates for development opportunities in state legislative and regulatory arenas.
state Washington State Department of Commerce
As the state’s economic development agency, the Washington State Department of Commerce focuses on strengthening key industries, expanding international trade, helping small businesses grow, providing training to a new generation of workers, providing access to funding, and supporting the work of local economic development partners in all 39 Washington counties.
State sales taxYes
State income taxNone
Right-to-work stateNo

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