Aspen Hill, Maryland Income Statistics
Aspen Hill 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.
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B
Aspen Hill Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $115,644 | $103,916 | $80,455 |
| Median Personal Income | $65,936 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.0% | 4.8% |
| Six-Figure Earners | 20.0% | 20.7% | 13.9% |
| $200k+ Households | 23.6% | 20.3% | 13.2% |
The median household income in Aspen Hill is about 11% higher than in Maryland. Income has been growing faster in Aspen Hill (4.4%/yr) than in Maryland (4.0%/yr).
About 20% of adults in Aspen Hill 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 Aspen Hill, Maryland grew by 55.9% from 2009 to 2024, reaching $115,644 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Aspen Hill
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.534 | 0.552 |
| Male Median Income | $70,900 | $84,327 | $69,667 |
| Female Median Income | $70,855 | $72,201 | $56,850 |
| Gender Pay Gap | 0.1% | 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 Aspen Hill, it is 0.549, 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 0% more than women's income in Aspen Hill, Maryland.
Income by Sex Over Time
Since 2009, the income gap between men and women in Aspen Hill, Maryland has narrowed from about 18% to 0% in 2024. Over that period the gap was widest at 20% in 2010. In dollar terms, the gap has narrowed by $9,224 since 2009.
Employment
| Metric | Aspen Hill | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 4.8% | 5.2% |
| Working from Home | 22.8% | 19.3% | 15.0% |
| Commute time (minutes) | 31 | 28 | 22 |
Approximately 2,012 people are unemployed in Aspen Hill, Maryland.
The average commute time in Aspen Hill is 31 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aspen Hill, Maryland has fallen from 8.4% to 6.8% in 2024. Over that period the rate fell as low as 6.0% in 2019.
Aspen Hill, MD Wealth Compared With Nearby Cities
How Aspen Hill, MD compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Aspen Hill, MD | 53,456 | $115,644 #1/2 | 4.4%/yr #2/2 | 6.8% #1/2 | 0.549 #1/2 |
| Wheaton, MD | 54,983 | $106,926 | 4.7%/yr | 7.2% | 0.554 |
Conclusion
Considering all these factors, Aspen Hill, Maryland has an overall wealth index grade of B, making it about on par with Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Aspen Hill, Maryland.
How Wealthy Is Aspen Hill, Maryland?
Aspen Hill has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $115,644, about 11% higher than the Maryland average of $103,916.
Are incomes growing in Aspen Hill, Maryland?
Between 2009 and 2024, the median household income in Aspen Hill, Maryland rose 56%, from $74,190 to $115,644. Over the same years, income here outpaced Maryland as a whole: +56% against +49%.
What was the median household income in Aspen Hill in 2023?
In 2023, the median household income in Aspen Hill, Maryland was $114,371, up 4% from $110,298 in 2022. The Maryland median that year was $101,974.
What was the median household income in Aspen Hill in 2020?
In 2020, the median household income in Aspen Hill, Maryland was $90,616. By 2024 it had risen 28% to $115,644.
Is it hard to find a job in Aspen Hill, Maryland?
Unemployment in Aspen Hill, Maryland is 6.8%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Aspen Hill, Maryland?
The Gini coefficient in Aspen Hill is 0.549. 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 Aspen Hill, Maryland?
Since 2009, the income gap between men and women in Aspen Hill, Maryland has narrowed from about 18% to 0% in 2024. Over that period the gap was widest at 20% in 2010. In dollar terms, the gap has narrowed by $9,224 since 2009.
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