20723 Income Statistics

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20723 Compared to Surrounding Areas

Median Household Income

The median household income ($123,467) for 20723 is less than the median household income for 20759 ($225,250), 20866 ($127,937), 21029 ($223,448), Howard County ($129,549), Fulton CDP ($202,143), and Scaggsville CDP ($164,632). But it's more than 21046 ($113,346), 20701 ($73,723), 20707 ($91,315), 20724 ($96,036), 20763 ($114,702), 20794 ($95,764), 21044 ($110,785), and North Laurel CDP ($111,401).

20723$123,467
Fulton CDP$202,143
North Laurel CDP$111,401
Scaggsville CDP$164,632
Howard County$129,549

Average Household Income

The average household income ($154,207) for 20723 is less than the average household income for 20759 ($293,874), 21029 ($248,722), Howard County ($160,611), Fulton CDP ($287,736), and Scaggsville CDP ($190,328). But it's more than 21046 ($135,570), 20701 ($75,600), 20707 ($115,119), 20724 ($104,536), 20763 ($109,140), 20794 ($116,567), 20866 ($139,544), 21044 ($138,341), and North Laurel CDP ($139,812).

20723$154,207
Fulton CDP$287,736
North Laurel CDP$139,812
Scaggsville CDP$190,328
Howard County$160,611

Per-Capita Income

The per-capita income for 20723 is $53,016. The per capita income ($53,016) for 20723 is less than the per capita income for 20759 ($96,023), 21029 ($74,849), 21044 ($57,543), 21046 ($55,195), Howard County ($58,560), Fulton CDP ($97,544), and Scaggsville CDP ($59,218). But it's more than 20724 ($42,021), 20701 ($28,066), 20707 ($44,584), 20866 ($41,898), 20763 ($48,612), 20794 ($28,940), and North Laurel CDP ($49,814).

20723$53,016
Fulton CDP$97,544
North Laurel CDP$49,814
Scaggsville CDP$59,218
Howard County$58,560

High Income Households

25.9% of households make over $200,000 a year. The percent high income households (25.9%) for 20723 is less than the percent high income households for 20759 (52.2%), 21029 (56.5%), Howard County (27.1%), Fulton CDP (50.7%), and Scaggsville CDP (36.5%). But it's more than 21046 (18.1%), 20701 (5.0%), 20707 (13.5%), 20724 (7.9%), 20763 (16.3%), 20794 (12.5%), 20866 (20.8%), 21044 (20.5%), and North Laurel CDP (21.4%).

2072325.9%
Fulton CDP50.7%
North Laurel CDP21.4%
Scaggsville CDP36.5%
Howard County27.1%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
20723$76,836$131,532$142,988$105,655
Fulton CDP$-1$250,001$207,578$166,250
North Laurel CDP$77,645$114,465$118,962$85,880
Scaggsville CDP$-1$204,250$175,089$155,078
Howard County$69,700$125,396$160,764$94,235

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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 2021 5-year estimates. These values are in 2021 inflation-adjusted dollars and were downloaded on 8 Dec 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2021 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+
20723+/-$12,453+/-$8,871+/-$2,745+/-3.1%+/-$56,571+/-$18,049+/-$21,289+/-$16,182
Fulton CDP+/-$56,539+/-$50,460+/-$17,075+/-9.5%+/-$-1+/-$-1+/-$50,743+/-$97,258
North Laurel CDP+/-$7,817+/-$11,908+/-$3,542+/-3.5%+/-$71,737+/-$10,834+/-$21,386+/-$11,021
Scaggsville CDP+/-$10,716+/-$14,547+/-$5,339+/-6.5%+/-$-1+/-$71,174+/-$8,713+/-$46,029
Howard County+/-$2,980+/-$3,014+/-$1,024+/-0.9%+/-$19,817+/-$2,977+/-$4,739+/-$4,083