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. Much of the housing stock in Prince Frederick was built relatively recently. The construction of new real estate can often be taken as an indication that the local Prince Frederick economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Prince Frederick, where the median household income is $61,293.00.

A relatively large number of people in Prince Frederick telecommute to their jobs. Overall, about 8.37% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

In Prince Frederick, however, the average commute to work is quite long. On average, people spend 37.39 minutes each day getting to work, which is significantly higher than the national average.

The percentage of adults in Prince Frederick who are college-educated is close to the national average for all communities of 21.84%: 20.54% of the adults 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.