Fairwood SnackAbility
Overall SnackAbility
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 167 with 100 being average.
The cost of living in Fairwood is 1.7x higher than the national average.
The median home value in Fairwood is $730,365.
The median income in Fairwood is $181,458.
Fairwood's Overall Cost Of Living
Higher Than The National Average
Cost Of Living In Fairwood Comparison Table
| Living Expense | Fairwood | Maryland | National Average |
|---|---|---|---|
| Overall | 167 | 121 | 100 |
| Services | 104 | 104 | 100 |
| Groceries | 109 | 107 | 100 |
| Health | 316 | 152 | 100 |
| Housing | 105 | 109 | 100 |
| Transportation | 107 | 108 | 100 |
| Utilities | 107 | 109 | 100 |
Source: Cost of living index, normalized to US average = 100
Fairwood, MD Weather
The average high in Fairwood is 66.2° and the average low is 46.0°.
There are 74.1 days of precipitation each year.
Expect an average of 42.6 inches of precipitation each year with 13.6 inches of snow.
| Stat | Fairwood |
|---|---|
| Average Annual High | 66.2 |
| Average Annual Low | 46.0 |
| Annual Precipitation Days | 74.1 |
| Average Annual Precipitation | 42.6 |
| Average Annual Snowfall | 13.6 |
Average High
Days of Rain
Source: NOAA climate normals (30-year)
Rankings & Articles For Fairwood
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Map Of Fairwood, MD
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Fairwood Demographics And Statistics
Population over time in Fairwood
The current population in Fairwood is 7,526. The population has increased 61.8% from 2010.
| Year | Population | % Change |
|---|---|---|
| 2024 | 7,526 | -7.2% |
| 2023 | 8,108 | 5.9% |
| 2022 | 7,653 | 2.7% |
| 2021 | 7,453 | 9.9% |
| 2020 | 6,780 | 8.3% |
| 2019 | 6,261 | 2.9% |
| 2018 | 6,084 | 5.6% |
| 2017 | 5,762 | 0.1% |
| 2016 | 5,756 | 0.9% |
| 2015 | 5,707 | 8.7% |
| 2014 | 5,249 | 4.8% |
| 2013 | 5,008 | 4.7% |
| 2012 | 4,784 | 6.8% |
| 2011 | 4,480 | -3.7% |
| 2010 | 4,650 | - |
Race / Ethnicity in Fairwood
See the full breakdown
Fairwood is:
7.1% White with 537 White residents.
78.2% African American with 5,886 African American residents.
0.0% American Indian with 0 American Indian residents.
6.4% Asian with 478 Asian residents.
0.0% Hawaiian with 0 Hawaiian residents.
0.0% Other with 0 Other residents.
6.8% Two Or More with 512 Two Or More residents.
1.5% Hispanic with 113 Hispanic residents.
| Race | Fairwood | MD | USA |
|---|---|---|---|
| White | 7.1% | 46.6% | 57.4% |
| African American | 78.2% | 28.9% | 11.9% |
| American Indian | 0.0% | 0.1% | 0.5% |
| Asian | 6.4% | 6.5% | 5.9% |
| Hawaiian | 0.0% | 0.0% | 0.2% |
| Other | 0.0% | 0.7% | 0.6% |
| Two Or More | 6.8% | 4.6% | 4.3% |
| Hispanic | 1.5% | 12.5% | 19.3% |
Gender in Fairwood
See the full breakdown
Fairwood is 52.6% female with 3,960 female residents.
Fairwood is 47.4% male with 3,565 male residents.
| Gender | Fairwood | MD | USA |
|---|---|---|---|
| Female | 52.6% | 51.3% | 50.5% |
| Male | 47.4% | 48.7% | 49.5% |
Highest level of educational attainment in Fairwood for adults over 25
See the full breakdown
1.0% of adults in Fairwood completed < 9th grade.
1.0% of adults in Fairwood completed 9-12th grade.
14.0% of adults in Fairwood completed high school / ged.
9.0% of adults in Fairwood completed some college.
3.0% of adults in Fairwood completed associate's degree.
29.0% of adults in Fairwood completed bachelor's degree.
32.0% of adults in Fairwood completed master's degree.
7.0% of adults in Fairwood completed professional degree.
4.0% of adults in Fairwood completed doctorate degree.
| Education | Fairwood | MD | USA |
|---|---|---|---|
| < 9th Grade | 1.0% | 4.0% | 4.0% |
| 9-12th Grade | 1.0% | 5.0% | 6.0% |
| High School / GED | 14.0% | 23.0% | 26.0% |
| Some College | 9.0% | 17.0% | 19.0% |
| Associate's Degree | 3.0% | 7.0% | 9.0% |
| Bachelor's Degree | 29.0% | 23.0% | 22.0% |
| Master's Degree | 32.0% | 15.0% | 10.0% |
| Professional Degree | 7.0% | 3.0% | 2.0% |
| Doctorate Degree | 4.0% | 3.0% | 2.0% |
Household Income For Fairwood, Maryland
See the full breakdown
4.1% of households in Fairwood earn Less than $10,000.
0.0% of households in Fairwood earn $10,000 to $14,999.
0.7% of households in Fairwood earn $15,000 to $24,999.
0.0% of households in Fairwood earn $25,000 to $34,999.
0.6% of households in Fairwood earn $35,000 to $49,999.
2.9% of households in Fairwood earn $50,000 to $74,999.
5.0% of households in Fairwood earn $75,000 to $99,999.
19.8% of households in Fairwood earn $100,000 to $149,999.
22.5% of households in Fairwood earn $150,000 to $199,999.
44.4% of households in Fairwood earn $200,000 or more.
| Income | Fairwood | MD | USA |
|---|---|---|---|
| Less than $10,000 | 4.1% | 4.4% | 5.0% |
| $10,000 to $14,999 | 0.0% | 2.4% | 3.4% |
| $15,000 to $24,999 | 0.7% | 4.3% | 6.3% |
| $25,000 to $34,999 | 0.0% | 4.9% | 6.6% |
| $35,000 to $49,999 | 0.6% | 7.5% | 10.1% |
| $50,000 to $74,999 | 2.9% | 12.8% | 15.5% |
| $75,000 to $99,999 | 5.0% | 11.9% | 12.6% |
| $100,000 to $149,999 | 19.8% | 18.9% | 17.5% |
| $150,000 to $199,999 | 22.5% | 12.5% | 9.6% |
| $200,000 or more | 44.4% | 20.3% | 13.4% |
Source: U.S. Census ACS 5-year estimates (2024)
