20740 can be classified socioeconomically as Lower Middle Class class compared to other ZIP Codes in Maryland based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 20740 is White. The majority race/ethnicity attending public schools in 20740 is Hispanic. The current unemployment level in 20740 is 4.4%.
| Population | 36,583 |
| Population Growth Rate | 16.62% |
| Population Density | 4,059 People per Square Mile |
| Total Households | 9,061 |
| Percentage High Income Households | 5.2% |
| Median Household Income (2021) | $70,515 |
| Average Adjusted Gross Income (2021) | $293,210 |
| Current Unemployment Rate (May 2026) | 4.4% |
| Sales Tax Rate (2025) | 6% |
| Majority Race/Ethnicity | White - 44.6% |
| Public School Majority Race/Ethnicity | Hispanic - 57.97% |
20740 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 17,165 | 44.6% |
| Black | 7,856 | 20.41% |
| Hispanic | 8,052 | 20.92% |
| Asian | 5,328 | 13.84% |
| Native American | 84 | 0.22% |
| Hawaiian/Pac. Islander | 0 | 0% |
20740 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 129 | 10.5% |
| Black | 262 | 21.34% |
| Hispanic | 727 | 59.2% |
| Asian | 109 | 8.88% |
| Native American | 1 | 0.08% |
| Hawaiian/Pac. Islander | 0 | 0% |
20740 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 451 | 3.51% |
| Bachelor Degree | 3,062 | 23.8% |
| High School Diploma | 2,636 | 20.49% |
| No High School Diploma | 232 | 1.8% |
| GED or Alternate | 229 | 1.78% |
| 1 or More Years of College | 1,723 | 13.39% |
| Associates Degree | 723 | 5.62% |
| Masters Degree | 2,455 | 19.08% |
| Professional Degree | 539 | 4.19% |
| Doctorate Degree | 817 | 6.35% |
