We present results from Chandra ACIS-I and Karl G. Jansky Very Large Array 6cm continuum observations of the IRAS 20126+4104 massive star-forming region. We detect 150 X-ray sources within the 17'x17' ACIS-I field, and a total of 13 radio sources within the 9.2' primary beam at 4.9GHz. Among these observations are the first 6cm detections of the central sources reported by Hofner et al. (2007A&A...465..197H), namely, I20N1, I20S, and I20var. A new variable radio source is also reported. Searching the 2MASS archive, we identified 88 near-infrared (NIR) counterparts to the X-ray sources. Only four of the X-ray sources had 6cm counterparts. Based on an NIR color-color analysis and on the Besancon simulation of Galactic stellar populations, we estimate that approximately 80 X-ray sources are associated with this massive star-forming region. We detect an increasing surface density of X-ray sources toward the massive protostar and infer the presence of a cluster of at least 43 young stellar objects within a distance of 1.2pc from the massive protostar.