Allegany County, Maryland Income Statistics
Allegany County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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D
Allegany County Well below averageAmong the 3 least wealthy counties in Maryland
Source: Map AI Methodology
Income Statistics Overview
| Metric | Allegany County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,649 | $103,916 | $80,455 |
| Median Personal Income | $52,385 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 5.7% | 20.7% | 13.9% |
| $200k+ Households | 3.4% | 20.3% | 13.2% |
The median household income in Allegany County is about 43% lower than in Maryland. Income has been growing faster in Allegany County (4.6%/yr) than in Maryland (4.0%/yr).
About 6% of adults in Allegany County earn six figures ($100,000 or more) a year, lower than the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Allegany County, Maryland grew by 60.8% from 2009 to 2024, reaching $59,649 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Allegany County
| Metric | Allegany County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.534 | 0.552 |
| Male Median Income | $60,741 | $84,327 | $69,667 |
| Female Median Income | $47,718 | $72,201 | $56,850 |
| Gender Pay Gap | 21.4% | 14.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Allegany County, it is 0.556, higher than Maryland's 0.534, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 27% more than women's income in Allegany County, Maryland. Over a 35-year career, a 27% wage gap accumulates to roughly $455,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Allegany County, Maryland has narrowed from about 28% to 21% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 18% in 2020. In dollar terms, the gap has widened by $1,550 since 2009.
Employment
| Metric | Allegany County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 9.1% | 19.3% | 15.0% |
| Commute time (minutes) | 17 | 28 | 22 |
Approximately 1,405 people are unemployed in Allegany County, Maryland.
The average commute time in Allegany County is 17 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Allegany County, Maryland has fallen from 8.1% to 5.0% in 2024. Over that period the rate peaked at 10.2% in 2014.
Allegany County, MD Wealth Compared With Nearby Counties
Allegany County, MD is the 2nd largest of the 6 counties compared here, 67,200 residents against a local median of 26,854. Where Allegany County, MD breaks from the counties next to it is income growth, sitting 33% below the local median of 6.8%/yr at 4.6%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 5.7%/yr on income growth, so Allegany County, MD sits at one end of an already wide local range rather than apart from it. Allegany County, MD has the 4th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Allegany County, MD | 67,200 | $59,649 #6/6 | 4.6%/yr #4/6 | 5.0% #4/6 | 0.556 #6/6 |
| Hampshire County, WV | 23,465 | $63,970 | 8.8%/yr | 9.0% | 0.538 |
| Mineral County, WV | 26,854 | $70,287 | 8.8%/yr | 6.5% | 0.520 |
| Bedford County, PA | 47,513 | $59,993 | 3.1%/yr | 3.9% | 0.514 |
| Morgan County, WV | 17,426 | $72,049 | 6.8%/yr | 3.9% | 0.502 |
| Somerset County, PA | 72,817 | $61,709 | 3.9%/yr | 4.9% | 0.519 |
Conclusion
Considering all these factors, Allegany County, Maryland has an overall wealth index grade of D, making it worse than Maryland, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Allegany County, Maryland.
How Wealthy Is Allegany County, Maryland?
Allegany County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,649, about 43% lower than the Maryland average of $103,916.
How fast is household income rising in Allegany County, Maryland?
Between 2009 and 2024, the median household income in Allegany County, Maryland rose 61%, from $37,101 to $59,649. Over the same years, income here outpaced Maryland as a whole: +61% against +49%.
What was the median household income in Allegany County in 2023?
In 2023, the median household income in Allegany County, Maryland was $56,768, up 4% from $54,324 in 2022. The Maryland median that year was $101,974.
What was the median household income in Allegany County in 2020?
In 2020, the median household income in Allegany County, Maryland was $49,499. By 2024 it had risen 21% to $59,649.
What is the Gini coefficient in Allegany County, Maryland?
The Gini coefficient in Allegany County is 0.556. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Allegany County, Maryland?
Since 2009, the income gap between men and women in Allegany County, Maryland has narrowed from about 28% to 21% in 2024. Over that period the gap was widest at 29% in 2011, and was narrowest at 18% in 2020. In dollar terms, the gap has widened by $1,550 since 2009.
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