We have developed both theoretically and experimentally an all polarization-maintaining fiber-based master oscillator power amplifier (MOPA) system, which allows for amplifying the single-frequency continuous-wave (CW) fiber laser to >20 W without compromising the laser intensity noise (−110 dBc/Hz@ relaxation oscillation peak) at the specific wavelength of ∼1540 nm. The experimental results agree well with the simulated results. To the best of our knowledge, this is the first demonstration of a ∼1540-nm single-frequency all fiber laser and reaching such a high-power level. The amplified laser features a narrow linewidth of ∼1.4 kHz and a spectral side-mode-suppression ratio of >38 dB, even as the laser wavelength is tuned from 1538.216 nm to 1540.616 nm. It is believed to be the narrowest laser linewidth realized in the <1550-nm wavelength band of an Erbium-Ytterbium co-doped fiber MOPA system. The all polarization-maintaining configuration of the MOPA ensures the amplified laser linearly polarized with the polarization extinction ratio of >22 dB and power root mean square fluctuations of <0.2 %@1h. This high-performance single-frequency fiber laser is expected to be an ideal pump source in the spin-exchange relaxation-free (SERF)-based atomic sensors after second harmonic generation.