Annapolis, Maryland Income Statistics
Annapolis Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Annapolis Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $119,079 | $103,916 | $80,455 |
| Median Personal Income | $77,202 | $75,715 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.0% | 4.8% |
| Six-Figure Earners | 28.2% | 20.7% | 13.9% |
| $200k+ Households | 25.9% | 20.3% | 13.2% |
The median household income in Annapolis is about 15% higher than in Maryland. Income has been growing faster in Annapolis (5.5%/yr) than in Maryland (4.0%/yr).
About 28% of adults in Annapolis earn six figures ($100,000 or more) a year, higher than the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Annapolis, Maryland grew by 61.9% from 2009 to 2024, reaching $119,079 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Annapolis
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.534 | 0.552 |
| Male Median Income | $95,709 | $84,327 | $69,667 |
| Female Median Income | $74,471 | $72,201 | $56,850 |
| Gender Pay Gap | 22.2% | 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 Annapolis, it is 0.490, lower than Maryland's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Annapolis, Maryland. Over a 35-year career, a 29% wage gap accumulates to roughly $743,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Annapolis, Maryland has widened from about 16% to 22% in 2024. Over that period the gap in 2014 women out-earned men by 2%. In dollar terms, the gap has widened by $11,524 since 2009.
Sharply against the trend: the pay gap in Annapolis widened by 5.9 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Annapolis | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 21.3% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 771 people are unemployed in Annapolis, Maryland.
The average commute time in Annapolis is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Annapolis, Maryland has fallen from 5.6% to 3.9% in 2024. Over that period the rate peaked at 6.3% in 2012.
Conclusion
Considering all these factors, Annapolis, Maryland has an overall wealth index grade of A, making it somewhat better than Maryland, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Annapolis, Maryland.
How Wealthy Is Annapolis, Maryland?
Annapolis has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $119,079, about 15% higher than the Maryland average of $103,916.
How has median household income changed in Annapolis, Maryland?
Between 2009 and 2024, the median household income in Annapolis, Maryland rose 62%, from $73,534 to $119,079. Over the same years, income here outpaced Maryland as a whole: +62% against +49%.
What was the median household income in Annapolis in 2023?
In 2023, the median household income in Annapolis, Maryland was $109,208, up 8% from $101,073 in 2022. The Maryland median that year was $101,974.
What was the median household income in Annapolis in 2020?
In 2020, the median household income in Annapolis, Maryland was $88,407. By 2024 it had risen 35% to $119,079.
Do many residents of Annapolis, Maryland earn over $100,000?
Yes. 28% of adults in Annapolis, Maryland earn $100,000 or more a year (about 1 in 4), against 21% (about 1 in 5) in Maryland. 26% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
What is the Gini coefficient in Annapolis, Maryland?
The Gini coefficient in Annapolis is 0.490. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Annapolis, Maryland?
Since 2009, the income gap between men and women in Annapolis, Maryland has widened from about 16% to 22% in 2024. Over that period the gap in 2014 women out-earned men by 2%. In dollar terms, the gap has widened by $11,524 since 2009.
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