Derwood is a very small town located in the state of Maryland. With a population of 2,535 people and two associated neighborhoods, Derwood is the 181st largest community in Maryland.
Derwood home prices are not only among the most expensive in Maryland, but Derwood real estate also consistently ranks among the most expensive in America.
Also of interest is that Derwood has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 29.75% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One downside of living in Derwood is that it can take a long time to commute to work. In Derwood, the average commute to work is 36.68 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the town, so leaving the car at home and taking transit is often a viable alternative.
Despite being a small town, Derwood has a lot of people using the subway to get to and from work every day. Most of these people on the subway are using it to get to good jobs in other cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Derwood. 60.45% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Derwood in 2022 was $62,033, which is upper middle income relative to Maryland, and wealthy relative to the rest of the US. This equates to an annual income of $248,132 for a family of four. However, Derwood contains both very wealthy and poor people as well.
Derwood is an extremely ethnically-diverse town. The people who call Derwood home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Derwood residents report their race to be White, followed by Black or African-American. Derwood also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 14.10% of the town’s residents. Important ancestries of people in Derwood include Other Arab, English, Polish, Scottish, and German.
Foreign born people are also an important part of Derwood's cultural character, accounting for 22.46% of the town’s population.
The most common language spoken in Derwood is English. Other important languages spoken here include Spanish and Arabic.