Liberty Lake is a somewhat small city located in the state of Washington. With a population of 12,651 people and three associated neighborhoods, Liberty Lake is the 84th largest community in Washington. Liberty Lake has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Liberty Lake, where the median household income is $101,936.00.

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.

Telecommuters are a relatively large percentage of the workforce: 25.12% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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, 43.45% 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 $48,512, which is upper middle income relative to Washington, and wealthy relative to the rest of the US. This equates to an annual income of $194,048 for a family of four. However, Liberty Lake contains both very wealthy and poor people as well.

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 Irish, German, 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.