Everything You Need to Know About the City of Frederick Maryland
In 2017, Frederick, MD had a population of 69.3k people with a median age of 35.3 and a median household income of $67,828. Between 2016 and 2017 the population of Frederick, MD grew from 68,229 to 69,330, a 1.61% increase and its median household income grew from $66,206 to $67,828, a 2.45% increase.
The population of Frederick, MD is 55.2% White Alone, 17.8% Black or African American Alone, and 15.9% Hispanic or Latino. N/A% of the people in Frederick, MD speak a non-English language, and 89.4% are U.S. citizens.
The largest universities in Frederick, MD are Frederick Community College (1,142 degrees awarded in 2017), Hood College (589 degrees), and The Temple-A Paul Mitchell Partner School (94 degrees).
The median property value in Frederick, MD is $255,100, and the homeownership rate is 55.2%. Most people in Frederick, MD commute by Drove Alone, and the average commute time is 30.5 minutes. The average car ownership in Frederick, Maryland is 2 cars per household.
In 2017, universities in Frederick, MD awarded 1,913 degrees. The student population of Frederick, MD is skewed towards women, with 3,522 male students and 5,048 female students.
Most students graduating from Universities in Frederick, MD are White (1,311 and 71.9%), followed by Black or African American (192 and 10.5%), Hispanic or Latino (151 and 8.28%), and Asian (72 and 3.95%).
The largest universities in Frederick, MD by a number of degrees awarded are Frederick Community College (1,142 and 59.7%), Hood College (589 and 30.8%), and The Temple-A Paul Mitchell Partner School (94 and 4.91%).
The most popular majors in Frederick, MD are Other Liberal Arts & Sciences, General Studies, & Humanities (360 and 18.8%), General Business Administration & Management (143 and 7.48%), and Liberal Arts & Sciences (125 and 6.53%).
The median tuition costs in Frederick, MD are $37,400 for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Frederick, MD employs 37.3k people and Frederick has an unemployment rate of 3.8%. Frederick has seen the job market increase by 0.6% in the course of the most recent year. Future job development throughout the following ten years is anticipated to be 30.6%, which is lower than the US average of 33.5%. The biggest ventures in Frederick, MD are Health Care and Social Assistance (4,583 people), Professional, Scientific, and Technical Services (4,537 people), and Retail Trade (4,065 people), and the highest paying industries are Management of Companies & Enterprises ($94,904), Utilities ($73,977), and Professional, Scientific, & Technical Services ($73,250).
Households in Frederick, MD have a median annual income of $67,828, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $66,206 in 2016, which represents a 2.45% annual growth.
Tax Rates for Frederick
– The Sales Tax Rate for Frederick is 6.0%.
– The Income Tax Rate for Frederick is 7.7%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Frederick
– The average income of a Frederick resident is $32,751 a year.
– The Median household income of a Frederick resident is $65,967 a year.
