Soap Lake, WA Profile: Facts & Data

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Soap Lake, Washington - Basic Facts

The City of Soap Lake had a population of 1,674 as of July 1, 2023.

The primary coordinate point for Soap Lake is located at latitude 47.3893 and longitude -119.4906 in Grant County. The formal boundaries for the City of Soap Lake encompass a land area of 1.3 sq. miles and a water area of 0 sq. miles. Grant County is in the Pacific time zone (GMT -8).

The City of Soap Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Washington is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Soap Lake is located within Ephrata-Soap Lake Division of Grant County.


Jump to... (On This Page!)
  1. Soap Lake 2023 Demographic Data
  2. Growth Rates for Soap Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Washington Research Tools (Easy Tools & Current Data)
  3. Washington Data Comparison Tool - 2023 Demographics
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Soap Lake, WA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,674 (100%)
Population in Households 1,657 (99.0%)
Population in Families 1,040 (62.1%)
Population in Group Quarters1 17 ( 1.0%)
Population Density 1,089
Diversity Index2 55
 
 

INCOME

Median Household Income $39,365
Average Household Income $54,833
% of Income for Mortgage4 18%
Per Capita Income $26,683
Wealth Index5 43
Socioeconomic Status Index6 Low (40.1)
 

HOUSING

Total HU (Housing Units) 947 (100%)
Owner Occupied HU 582 (61.5%)
Renter Occupied HU 232 (24.5%)
Vacant Housing Units 133 (14.0%)
Median Home Value $119,286
Average Home Value $175,086
Housing Affordability Index3 135
 

HOUSEHOLDS

Total Households 814
Average Household Size 2.04
Family Households 361
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.31% 0.13%
Households 0.50% 0.12%
Families   -0.17%
Median Household Income   3.24%
Per Capita Income   3.18%
Owner Occupied HU   0.78%

Soap Lake, WA - Peer Comparisons by Rank and Percentile

The table below compares Soap Lake to the other 639 incorporated cities, towns and CDPs in Washington by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 343 46th
Population Density # 277 57th
Median Household Income # 619 3rd
Housing Affordability Index # 612 96th
Per Capita Income # 573 10th
Diversity Index # 219 66th

Additional comparisons and rankings can be made with a VERY EASY TO USE Washington Census Data Comparison Tool.

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