Liberty Lake is a medium-sized city located in the state of Washington. With a population of 13,353 people and three associated neighborhoods, Liberty Lake is the 84th largest community in Washington. Much of the housing stock in Liberty Lake was built relatively recently. The construction of new real estate can often be taken as an indication that the local Liberty Lake economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Liberty Lake, where the median household income is $118,723.00.

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.

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: 27.83% 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, 48.70% 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 2022 was $54,275, which is wealthy relative to Washington and the nation. This equates to an annual income of $217,100 for a family of four.

Liberty Lake is a somewhat ethnically-diverse city. 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 English, Irish, German, French, and Norwegian.

The most common language spoken in Liberty Lake is English. Other important languages spoken here include Italian and Other Indo-European.