Mountlake Terrace has the 1464th largest population in the United States. The population grew by 5.6% from 2010 to 2015, which was faster than the national average. Mountlake Terrace is part of the Seattle metro area. Unemployment in the Seattle area is 4%, which is higher than the national average, and is getting worse. Seattle has the 11th largest local economy in the US, and a high cost of living. The average pay for jobs in Mountlake Terrace is above average at $61,000, and the median cost of a home in Mountlake Terrace is $254,100, which is above the national average. 26% of workers in Mountlake Terrace hold a bachelors degree or higher (above average), and 91% of workers have a high school degree (above average). Driving to work is especially common in Mountlake Terrace. 75% of Mountlake Terrace workers drive to work alone, 5% take public transit, 11% carpool, and 7% walk. People in Mountlake Terrace spend an average of 27 minutes commuting to work, which is the same as the national average of 26 minutes.