Life in Fairwood research summary. HomeSnacks has been researching the quality of life in Fairwood over the past eight years using Census data, FBI crime data, cost of living data, and other primary sources. Based on the most recently available data, we found the following about life in Fairwood:
The population in Fairwood is 7,453.
The median home value in Fairwood is $588,600.
The median income in Fairwood is $177,315.
The cost of living in Fairwood is 149 which is 1.5x higher than the national average.
The median rent in Fairwood is $2,971.
The unemployment rate in Fairwood is 1.9%.
The poverty rate in Fairwood is 0.3%.
Cost of living in Fairwood summary. We use data on the cost of living to determine how expensive it is to live in Fairwood. Real estate prices drive most of the variance in cost of living around Maryland. Key points include:
The cost of living in Fairwood is 149 with 100 being average.
The cost of living in Fairwood is 1.5x higher than the national average.
The median home value in Fairwood is $588,600.
The median income in Fairwood is $177,315.
Living Expense | Fairwood | Maryland | National Average | |
---|---|---|---|---|
Overall | 149 | 120 | 100 | |
Services | 103 | 109 | 100 | |
Groceries | 115 | 108 | 100 | |
Health | 84 | 92 | 100 | |
Housing | 259 | 156 | 100 | |
Transportation | 100 | 100 | 100 | |
Utilities | 107 | 108 | 100 |
The current population in Fairwood is 7,453. The population has increased 60.3% from 2010.
Year | Population | % Change |
---|---|---|
2021 | 7,453 | 22.5% |
2020 | 6,084 | 5.6% |
2019 | 5,762 | 0.1% |
2018 | 5,756 | 0.9% |
2017 | 5,707 | 8.7% |
2016 | 5,249 | 4.8% |
2015 | 5,008 | 4.7% |
2014 | 4,784 | 6.8% |
2013 | 4,480 | -3.7% |
2012 | 4,650 | - |
5.0% White with 372 White residents.
76.7% African American with 5,715 African American residents.
0.0% American Indian with 0 American Indian residents.
10.1% Asian with 756 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
0.0% Other with 0 Other residents.
6.1% Two Or More with 457 Two Or More residents.
2.1% Hispanic with 153 Hispanic residents.
Race | Fairwood | MD | USA |
---|---|---|---|
White | 5.0% | 49.4% | 59.4% |
African American | 76.7% | 29.4% | 12.2% |
American Indian | 0.0% | 0.2% | 0.6% |
Asian | 10.1% | 6.4% | 5.6% |
Hawaiian | 0.0% | 0.0% | 0.2% |
Other | 0.0% | 0.5% | 0.4% |
Two Or More | 6.1% | 3.6% | 3.2% |
Hispanic | 2.1% | 10.6% | 18.4% |
Fairwood is 51.5% female with 3,840 female residents.
Fairwood is 48.5% male with 3,612 male residents.
Gender | Fairwood | MD | USA |
---|---|---|---|
Female | 51.5% | 51.3% | 50.5% |
Male | 48.5% | 48.7% | 49.5% |
0.0% of adults in Fairwood completed < 9th grade.
3.0% of adults in Fairwood completed 9-12th grade.
9.0% of adults in Fairwood completed high school / ged.
9.0% of adults in Fairwood completed some college.
7.0% of adults in Fairwood completed associate's degree.
32.0% of adults in Fairwood completed bachelor's degree.
24.0% of adults in Fairwood completed master's degree.
8.0% of adults in Fairwood completed professional degree.
8.0% of adults in Fairwood completed doctorate degree.
Education | Fairwood | MD | USA |
---|---|---|---|
< 9th Grade | 0.0% | 4.0% | 5.0% |
9-12th Grade | 3.0% | 5.0% | 6.0% |
High School / GED | 9.0% | 24.0% | 26.0% |
Some College | 9.0% | 18.0% | 20.0% |
Associate's Degree | 7.0% | 7.0% | 9.0% |
Bachelor's Degree | 32.0% | 22.0% | 21.0% |
Master's Degree | 24.0% | 14.0% | 9.0% |
Professional Degree | 8.0% | 3.0% | 2.0% |
Doctorate Degree | 8.0% | 3.0% | 2.0% |
0.7% of households in Fairwood earn Less than $10,000.
0.0% of households in Fairwood earn $10,000 to $14,999.
1.8% of households in Fairwood earn $15,000 to $24,999.
1.6% of households in Fairwood earn $25,000 to $34,999.
0.2% of households in Fairwood earn $35,000 to $49,999.
4.5% of households in Fairwood earn $50,000 to $74,999.
5.3% of households in Fairwood earn $75,000 to $99,999.
20.4% of households in Fairwood earn $100,000 to $149,999.
21.3% of households in Fairwood earn $150,000 to $199,999.
44.1% of households in Fairwood earn $200,000 or more.
Income | Fairwood | MD | USA |
---|---|---|---|
Less than $10,000 | 0.7% | 4.5% | 5.5% |
$10,000 to $14,999 | 0.0% | 2.6% | 3.9% |
$15,000 to $24,999 | 1.8% | 5.2% | 7.8% |
$25,000 to $34,999 | 1.6% | 5.7% | 8.2% |
$35,000 to $49,999 | 0.2% | 8.9% | 11.4% |
$50,000 to $74,999 | 4.5% | 14.7% | 16.8% |
$75,000 to $99,999 | 5.3% | 12.6% | 12.8% |
$100,000 to $149,999 | 20.4% | 19.4% | 16.3% |
$150,000 to $199,999 | 21.3% | 11.5% | 7.8% |
$200,000 or more | 44.1% | 15.0% | 9.5% |