ZIP 20602 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Waldorf CDP, MD (20602)

Median Income

$108,733

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,729

Wealth inflow

Population

29,425

Unemployment

7.0%

3.3pp above US avg

IRS migration statistics show a net inflow of about 1,729 for ZIP 20602 (Waldorf CDP, MD) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

7.0%+88% vs US avg

Self-Employed

4.7%-23% vs US avg

SNAP Benefits

16.8%+44% vs US avg

451

Establishments

5,235

Employees

~12 per establishment — small businesses dominate

Public administration

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction5.8%
Manufacturing3.0%
Wholesale trade1.5%
Retail trade8.3%
Transportation, utilities5.4%
Information1.6%
Finance, insurance, real estate5.9%
Professional, scientific, management16.1%
Education, health care, social20.8%
Arts, entertainment, food services7.5%
Other services4.2%
Public administration19.7%

Household Income

Historical Trends in 20602 (2020–Present)

Since 2020, population grew 9.7%, median income rose 4.0% (inflation-adjusted), home values increased 16.4%.

Median Income

$108,733

+45% vs US avg

Unemployment Rate