Mountlake Terrace is a medium-sized city located in the state of Washington. With a population of 21,543 people and five associated neighborhoods, Mountlake Terrace is the 54th largest community in Washington.

Housing costs in Mountlake Terrace 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.

Also of interest is that Mountlake Terrace 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: 19.01% 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.

In Mountlake Terrace, however, the average commute to work is quite long. On average, people spend 31.41 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.

For the size of the city, public transportation in Mountlake Terrace is quite heavily used. Mostly, people who use it for their daily commute are taking the bus. For Mountlake Terrace, the benefits are reduced air pollution and congestion on the highways.

Mountlake Terrace is one of the most well-educated cities in the nation. 41.26% of adults in Mountlake Terrace have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.

The per capita income in Mountlake Terrace in 2022 was $50,480, which is wealthy relative to Washington and the nation. This equates to an annual income of $201,920 for a family of four. However, Mountlake Terrace contains both very wealthy and poor people as well.

Mountlake Terrace is an extremely ethnically-diverse city. The people who call Mountlake Terrace home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Mountlake Terrace residents report their race to be White, followed by Asian. Mountlake Terrace also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.68% of the city’s residents. Important ancestries of people in Mountlake Terrace include German, English, Irish, Norwegian, and European.

Foreign born people are also an important part of Mountlake Terrace's cultural character, accounting for 18.26% of the city’s population.

The most common language spoken in Mountlake Terrace is English. Other important languages spoken here include Spanish and African languages.