Fairwood, MD
Demographics And Statistics
Living In Fairwood, Maryland Summary
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%.
Table Of Contents
Fairwood SnackAbility
Overall SnackAbility
Fairwood, MD Cost Of Living
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.
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 | 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 | |
Rankings for Fairwood in Maryland
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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 7,453. 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 | - |
Race / Ethnicity in Fairwood
Fairwood is:
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% |
Gender in Fairwood
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% |
Highest level of educational attainment in Fairwood for adults over 25
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% |
Household Income For Fairwood, Maryland
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% |
