20723 Income Statistics

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20723 Compared to Surrounding Areas

Median Household Income

The median household income ($121,500) for 20723 is less than the median household income for 21029 ($208,906), 20759 ($174,777), Howard County ($124,042), Fulton ($170,357), and Scaggsville ($163,462). But it's more than 21046 ($109,159), 20794 ($95,595), 20707 ($85,935), 20724 ($98,811), 20866 ($114,195), 20763 ($85,139), 21044 ($112,206), and North Laurel ($103,337).

20723$121,500
Fulton$170,357
North Laurel$103,337
Scaggsville$163,462
Howard County$124,042

Average Household Income

The average household income ($150,024) for 20723 is less than the average household income for 21029 ($229,708), 20759 ($234,355), Howard County ($152,857), Fulton ($232,212), and Scaggsville ($187,174). But it's more than 21046 ($129,567), 20794 ($109,311), 20707 ($108,402), 20724 ($109,334), 20866 ($128,689), 20763 ($92,533), 21044 ($137,909), and North Laurel ($132,893).

20723$150,024
Fulton$232,212
North Laurel$132,893
Scaggsville$187,174
Howard County$152,857

Per-Capita Income

The per-capita income for 20723 is $50,797. The per capita income ($50,797) for 20723 is less than the per capita income for 21029 ($73,220), 20759 ($78,685), 21044 ($56,389), 21046 ($51,459), Howard County ($55,873), Scaggsville ($58,412), and Fulton ($81,031). But it's more than 20794 ($28,142), 20707 ($41,861), 20724 ($43,871), 20866 ($36,437), 20763 ($41,624), and North Laurel ($46,638).

20723$50,797
Fulton$81,031
North Laurel$46,638
Scaggsville$58,412
Howard County$55,873

High Income Households

% of households make over $200,000 a year. The percent high income households (26.7%) for 20723 is less than the percent high income households for 21029 (52.9%), 20759 (47.5%), Fulton (45.4%), and Scaggsville (37.9%). But it's more than 21046 (16.3%), 20763 (11.7%), 21044 (19.6%), 20794 (8.9%), 20707 (11.9%), 20724 (6.2%), 20866 (15.3%), Howard County (25.6%), and North Laurel (21.2%).

2072326.7%
Fulton45.4%
North Laurel21.2%
Scaggsville37.9%
Howard County25.6%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
20723 $72,834 $125,551 $138,345 $91,711
Fulton $-1 $245,588 $170,536 $152,404
North Laurel $73,034 $108,714 $117,632 $77,045
Scaggsville $-1 $204,306 $171,150 $143,036
Howard County $72,890 $121,030 $153,444 $88,018

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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 2020 5-year estimates. These values are in 2020 inflation-adjusted dollars and were downloaded on 17 March 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2020 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 +/-$11,042 +/-$9,695 +/-$3,128 +/-3.8% +/-$49,635 +/-$20,418 +/-$23,992 +/-$24,950
Fulton +/-$40,810 +/-$36,515 +/-$14,245 +/-9.0% +/-$-1 +/-$22,362 +/-$65,820 +/-$106,142
North Laurel +/-$9,001 +/-$10,746 +/-$3,538 +/-3.8% +/-$59,692 +/-$10,344 +/-$18,748 +/-$20,870
Scaggsville +/-$17,600 +/-$16,184 +/-$5,979 +/-7.1% +/-$-1 +/-$54,998 +/-$30,489 +/-$26,867
Howard County +/-$3,448 +/-$3,059 +/-$1,049 +/-0.9% +/-$11,464 +/-$3,713 +/-$4,815 +/-$4,395