Prince Frederick is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Maryland. With a population of 3,226 people and four associated neighborhoods, Prince Frederick is the 161st largest community in Maryland. Prince Frederick has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Prince Frederick, where the median household income is $61,293.00.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.37% 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.

Prince Frederick is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

One downside of living in Prince Frederick, however, is that residents on average have to contend with a long commute, spending on average 37.39 minutes every day commuting to work.

In terms of college education, Prince Frederick is nearly on par with the US average for all cities of 21.84%: 20.54% of adults 25 and older in Prince Frederick have a bachelor's degree or advanced degree.

The per capita income in Prince Frederick in 2022 was $36,429, which is lower middle income relative to Maryland, and upper middle income relative to the rest of the US. This equates to an annual income of $145,716 for a family of four. However, Prince Frederick contains both very wealthy and poor people as well.

Prince Frederick is an extremely ethnically-diverse town. The people who call Prince Frederick home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prince Frederick residents report their race to be White, followed by Black or African-American. Prince Frederick also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 13.41% of the town’s residents. Important ancestries of people in Prince Frederick include German, Irish, English, Italian, and Polish.

The most common language spoken in Prince Frederick is English. Other important languages spoken here include Spanish and Hungarian.