Frederick has a population of 78,390 with a median age of 37.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 78,390 |
| Median Age | 37.0 |
| White | 62.3% |
| Black or African American | 17.3% |
| Asian | 5.2% |
| Hispanic or Latino | 17.7% |
The median household income in Frederick is $89,981, which is 19.7% above the national median of $75,149. The per capita income is $45,050. The poverty rate is 9.8%.
The unemployment rate in Frederick is 4.3%, compared to the national rate of 5.4%.
In Frederick, 89.5% of residents age 25+ have a high school diploma or higher, and 41.4% hold a bachelor's degree or higher (18.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.5% |
| Bachelor's Degree or Higher | 41.4% |
| Graduate or Professional Degree | 18.4% |
The median home value in Frederick is $343,800, above the national median of $281,900. The median monthly rent is $1,614. The homeownership rate is 58.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $343,800 |
| Median Monthly Rent | $1,614 |
| Homeownership Rate | 58.5% |
| Vacancy Rate | 5.4% |
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