Income & Economy in Forestville CDP, MD (20747)
Median Income
$72,931
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,228
Wealth inflow
Population
37,924
Unemployment
6.8%
3.1pp above US avg
IRS migration statistics show a net inflow of about 2,228 for ZIP 20747 (Forestville 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 20747 (2020–Present)
Since 2020, population declined 7.8%, median income fell 5.0% (inflation-adjusted), home values increased 5.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $72,931 |
| Unemployment | 6.8% |
| Establishments | 511 |
| Employees | 6,386 |