Income & Economy in Fairwood CDP, MD (20720)
Median Income
$162,976
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,542
Wealth inflow
Population
26,243
Unemployment
3.6%
0.1pp below US avg
IRS migration statistics show a net inflow of about 1,542 for ZIP 20720 (Fairwood 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.
Historical Trends in 20720 (2020–Present)
Since 2020, population grew 11.1%, median income fell 2.9% (inflation-adjusted), home values increased 6.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $162,976 |
| Unemployment | 3.6% |
| Establishments | 321 |
| Employees | 3,251 |