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20862 Income Statistics

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Comparison to Surrounding Areas

20862 Median Household Income

The median household income ($192,083) for 20862 is less than the median household income for 20833 ($195,564) and 21029 ($238,095). But it's more than 20860 ($152,768), 20861 ($175,250), Montgomery County ($125,583), and Ashton-Sandy Spring CDP ($167,577).

20862$192,083
Ashton-Sandy Spring CDP$167,577
Montgomery County$125,583

20862 Average Household Income

The average household income ($220,185) for 20862 is less than the average household income for 20860 ($246,247), 20861 ($230,433), 21029 ($271,412), and Ashton-Sandy Spring CDP ($225,095). But it's more than 20833 ($196,774) and Montgomery County ($172,866).

20862$220,185
Ashton-Sandy Spring CDP$225,095
Montgomery County$172,866

20862 Per-Capita Income

The per-capita income for 20862 is $76,687. The per capita income ($76,687) for 20862 is less than the per capita income for 20860 ($79,844), 20861 ($79,247), and 21029 ($81,396). But it's more than 20833 ($65,417), Montgomery County ($64,126), and Ashton-Sandy Spring CDP ($75,515).

20862$76,687
Ashton-Sandy Spring CDP$75,515
Montgomery County$64,126

20862 High Income Households

47.9% of households make over $200,000 a year. The percent high income households (47.9%) for 20862 is more than 20833 (48.5%), 20860 (44.3%), 20861 (40.9%), 21029 (64.5%), Montgomery County (28.5%), and Ashton-Sandy Spring CDP (38.0%).

2086247.9%
Ashton-Sandy Spring CDP38.0%
Montgomery County28.5%

20862 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
20862$-1$-1$190,625$233,846
Ashton-Sandy Spring CDP$-1$236,477$176,000$122,359
Montgomery County$61,919$119,851$152,568$102,220

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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 2022 5-year estimates. You can find this information and other demographics for 20862 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
under 25 25 to 44 45 to 64 65+
20862+/-$91,786+/-$28,590+/-$10,129+/-31.7%+/-$-1+/-$-1+/-$83,039+/-$55,054
Ashton-Sandy Spring CDP+/-$33,287+/-$35,215+/-$12,071+/-9.2%+/-$-1+/-$71,188+/-$66,079+/-$39,023
Montgomery County+/-$1,757+/-$1,888+/-$678+/-0.6%+/-$5,544+/-$3,495+/-$2,987+/-$2,673