20723 Income Statistics

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Comparison to Surrounding Areas

20723 Median Household Income

The median household income ($128,226) for 20723 is less than the median household income for 20759 ($246,618), 20866 ($137,990), 21029 ($238,095), Howard County ($140,971), Fulton CDP ($215,455), and Scaggsville CDP ($176,995). But it's more than 21046 ($125,280), 20701 ($79,236), 20707 ($97,720), 20724 ($105,757), 20763 ($98,621), 20794 ($111,200), 21044 ($123,658), and North Laurel CDP ($115,294).

20723	$128,226
Fulton CDP	$215,455
North Laurel CDP	$115,294
Scaggsville CDP	$176,995
Howard County	$140,971

20723 Average Household Income

The average household income ($164,156) for 20723 is less than the average household income for 20759 ($308,962), 21029 ($271,412), Howard County ($173,854), Fulton CDP ($285,357), and Scaggsville CDP ($208,311). But it's more than 21046 ($148,372), 20701 ($86,330), 20707 ($123,742), 20724 ($115,106), 20763 ($110,829), 20794 ($132,356), 20866 ($149,775), 21044 ($153,214), and North Laurel CDP ($147,962).

20723	$164,156
Fulton CDP	$285,357
North Laurel CDP	$147,962
Scaggsville CDP	$208,311
Howard County	$173,854

20723 Per-Capita Income

The per-capita income for 20723 is $57,115. The per capita income ($57,115) for 20723 is less than the per capita income for 20759 ($98,929), 21029 ($81,396), 21044 ($63,003), 21046 ($59,061), Howard County ($63,441), Fulton CDP ($97,869), and Scaggsville CDP ($64,168). But it's more than 20724 ($46,918), 20701 ($40,620), 20707 ($49,071), 20866 ($46,012), 20763 ($47,966), 20794 ($34,652), and North Laurel CDP ($53,598).

20723	$57,115
Fulton CDP	$97,869
North Laurel CDP	$53,598
Scaggsville CDP	$64,168
Howard County	$63,441

20723 High Income Households

29.8% of households make over $200,000 a year. The percent high income households (29.8%) for 20723 is more than 21046 (22.0%), 20794 (18.5%), 20866 (23.3%), 21029 (64.5%), 21044 (25.3%), 20701 (4.6%), 20707 (15.9%), 20724 (13.1%), 20759 (56.9%), 20763 (15.8%), Howard County (31.6%), Fulton CDP (51.6%), North Laurel CDP (25.2%), and Scaggsville CDP (42.0%).

20723	29.8%
Fulton CDP	51.6%
North Laurel CDP	25.2%
Scaggsville CDP	42.0%
Howard County	31.6%

20723 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
20723	$81,167	$125,308	$158,150	$107,546
Fulton CDP	$-1	$244,618	$231,250	$112,188
North Laurel CDP	$64,821	$117,054	$142,500	$85,165
Scaggsville CDP	$-1	$214,712	$190,518	$170,345
Howard County	$74,321	$135,680	$176,417	$101,851

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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 20723 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

	Median Household Income	Average Household Income	Per Capita Income	High Income Households	Median Household Income by Age of Householder
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
20723	+/-$10,489	+/-$8,796	+/-$2,899	+/-3.0%	+/-$60,390	+/-$13,505	+/-$18,567	+/-$28,540
Fulton CDP	+/-$56,923	+/-$45,963	+/-$15,849	+/-7.8%	+/-$-1	+/-$30,142	+/-$63,923	+/-$56,723
North Laurel CDP	+/-$3,824	+/-$10,345	+/-$3,591	+/-3.7%	+/-$57,990	+/-$5,819	+/-$26,684	+/-$23,818
Scaggsville CDP	+/-$7,645	+/-$15,659	+/-$5,452	+/-6.2%	+/-$-1	+/-$76,490	+/-$17,558	+/-$34,912
Howard County	+/-$2,122	+/-$2,563	+/-$873	+/-0.9%	+/-$15,264	+/-$3,854	+/-$5,348	+/-$5,604