Happy Valley is a medium-sized city located in the state of Oregon. With a population of 26,456 people and five associated neighborhoods, Happy Valley is the 25th largest community in Oregon. Much of the housing stock in Happy Valley was built relatively recently. The construction of new real estate can often be taken as an indication that the local Happy Valley economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Happy Valley, where the median household income is $126,108.00.

Happy Valley home prices are not only among the most expensive in Oregon, but Happy Valley real estate also consistently ranks among the most expensive in America.

Also of interest is that Happy Valley 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: 18.74% 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 Happy Valley ranks among the highest in the nation. Of the 25-and-older adult population in Happy Valley, 48.56% 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 Happy Valley in 2022 was $54,453, which is wealthy relative to Oregon and the nation. This equates to an annual income of $217,812 for a family of four.

Happy Valley is an extremely ethnically-diverse city. The people who call Happy Valley home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Happy Valley residents report their race to be White, followed by Asian. Important ancestries of people in Happy Valley include German, English, Irish, Norwegian, and European.

Foreign born people are also an important part of Happy Valley's cultural character, accounting for 15.62% of the city’s population.

The most common language spoken in Happy Valley is English. Other important languages spoken here include Vietnamese and Chinese.