COMPARING TWO PLACES

Census Tract 7041 vs Census Tract 7012.23

PLACE A

Census Tract 7041, Montgomery County, Maryland

PLACE B

Census Tract 7012.23, Montgomery County, Maryland

Census Tract 7041 is 53% larger than Census Tract 7012.23. Census Tract 7041 earns more, with a median household income $94,279 higher.

CENSUS TRACT 7041CENSUS TRACT 7012.23DIFFERENCE

Total population4,5222,963+53% vs Census Tract 7012.23

Population density3,11410,736−7,621

Median age44.636.2+8.4

Male49.2%47.3%+1.9 pts

Female50.8%52.7%−1.9 pts

Foreign-born11.6%26.4%−14.8 pts

White, non-Hispanic81.1%53.5%+27.6 pts

Black5.6%7.3%−1.7 pts

Hispanic / Latino6.4%21.0%−14.5 pts

Asian3.1%12.3%−9.2 pts

Other3.8%6.0%−2.1 pts

Median household income$217,000$122,721+$94,279

Per capita income$94,215$74,336+$19,879

Poverty rate3.6%3.7%−0.0 pts

Income inequality (Gini)0.4330.336+0.1

Bachelor's degree or higher83.5%85.0%−1.4 pts

Graduate degree49.1%47.3%+1.8 pts

Unemployment rate3.6%1.1%+2.5 pts

Labor force participation64.8%85.0%−20.2 pts

Median home value$1,089,200$466,900+$622,300

Median gross rent$3,501$2,607+$894

Owner-occupied84.3%44.5%+39.8 pts

Housing vacancy rate7.6%7.2%+0.4 pts

Rent-burdened households79.0%47.8%+31.2 pts

Average commute29.128.5+0.6

Worked from home35.5%42.7%−7.2 pts

Public transit to work5.0%5.9%−0.9 pts

Uninsured1.0%1.7%−0.7 pts

Population, 2020 – 2024