Liberty Lake is a somewhat small city located in the state of Washington. With a population of 12,003 people and three constituent neighborhoods, Liberty Lake is the 84th largest community in Washington. There's nothing like the smell of a brand new house, and in Liberty Lake, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Liberty Lake, and putting down their money on brand new construction. Liberty Lake’s real estate is, on average, some of the newest in the nation. Liberty Lake does seem to be experiencing an influx of affluent people, because the median household income is $96,051.00.
Housing costs in Liberty 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.
Liberty Lake is a decidedly white-collar city, with fully 91.23% of the workforce employed in white-collar jobs, well above the national average. Overall, Liberty Lake is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Liberty Lake who work in management occupations (14.78%), healthcare (13.63%), and office and administrative support (11.81%).
Also of interest is that Liberty 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: 17.81% 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.
The education level of Liberty Lake ranks among the highest in the nation. Of the 25-and-older adult population in Liberty Lake, 45.10% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Liberty Lake in 2018 was $44,075, which is wealthy relative to Washington and the nation. This equates to an annual income of $176,300 for a family of four.
The people who call Liberty Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Liberty Lake residents report their race to be White, followed by Asian. Important ancestries of people in Liberty Lake include German, Irish, English, Norwegian, and Italian.
The most common language spoken in Liberty Lake is English. Other important languages spoken here include Italian and Other Indo-European.