20724 Map

20724 Income Statistics

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Comparison to Surrounding Areas

20724 Median Household Income

The median household income ($109,530) for 20724 is less than the median household income for 20715 ($139,962), 20720 ($162,976), 20723 ($129,870), 21113 ($125,081), and Anne Arundel County ($120,324). But it's more than 20701 ($81,763), 20707 ($104,093), 20708 ($83,457), 20755 ($102,886), and Fort Meade CDP ($102,886). And it's the same as Maryland City CDP ($109,530).

20724$109,530
Fort Meade CDP$102,886
Maryland City CDP$109,530
Anne Arundel County$120,324

20724 Average Household Income

The average household income ($121,302) for 20724 is less than the average household income for 20707 ($124,656), 20715 ($155,967), 20720 ($190,418), 20723 ($170,415), 21113 ($142,375), and Anne Arundel County ($152,859). But it's more than 20701 ($87,328), 20708 ($102,691), 20755 ($121,080), and Fort Meade CDP ($121,080). And it's the same as Maryland City CDP ($121,302).

20724$121,302
Fort Meade CDP$121,080
Maryland City CDP$121,302
Anne Arundel County$152,859

20724 Per-Capita Income

The per-capita income for 20724 is $50,191. The per capita income ($50,191) for 20724 is less than the per capita income for 20715 ($53,586), 20720 ($61,876), 20723 ($58,525), 21113 ($58,205), and Anne Arundel County ($58,462). But it's more than 20701 ($46,900), 20707 ($49,777), 20708 ($41,425), 20755 ($38,144), and Fort Meade CDP ($38,144). And it's the same as Maryland City CDP ($50,191).

20724$50,191
Fort Meade CDP$38,144
Maryland City CDP$50,191
Anne Arundel County$58,462

20724 High Income Households

13.2% of households make over $200,000 a year. The percent high income households (13.2%) for 20724 is less than the percent high income households for 21113 (19.7%), 20723 (31.2%), 20755 (13.3%), 20701 (15.8%), 20707 (16.0%), 20715 (25.5%), 20720 (39.3%), Anne Arundel County (23.1%), and Fort Meade CDP (13.3%). But it's more than 20708 (10.5%). And it's the same as Maryland City CDP (13.2%).

2072413.2%
Fort Meade CDP13.3%
Maryland City CDP13.2%
Anne Arundel County23.1%

20724 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
20724$63,588$119,802$124,338$51,533
Fort Meade CDP$55,547$94,886$140,650$180,313
Maryland City CDP$63,588$119,802$124,338$51,533
Anne Arundel County$67,767$124,017$146,602$87,443

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 20724 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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
under 25 25 to 44 45 to 64 65+
20724+/-$14,272+/-$11,852+/-$4,890+/-5.3%+/-$19,731+/-$15,101+/-$31,377+/-$18,756
Fort Meade CDP+/-$9,196+/-$12,258+/-$3,927+/-4.3%+/-$20,281+/-$15,928+/-$23,249+/-$105,192
Maryland City CDP+/-$14,272+/-$11,852+/-$4,890+/-5.3%+/-$19,731+/-$15,101+/-$31,377+/-$18,756
Anne Arundel County+/-$1,672+/-$2,594+/-$875+/-0.7%+/-$7,364+/-$3,474+/-$3,333+/-$3,700