Baltimore, Maryland Income Statistics
Baltimore 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.
-
D
Baltimore Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Baltimore | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,111 | $103,916 | $80,455 |
| Median Personal Income | $59,696 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.0% | 4.8% |
| Six-Figure Earners | 12.5% | 20.7% | 13.9% |
| $200k+ Households | 9.3% | 20.3% | 13.2% |
The median household income in Baltimore is about 40% lower than in Maryland. Income has been growing faster in Baltimore (4.3%/yr) than in Maryland (4.0%/yr).
About 12% of adults in Baltimore 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 Baltimore, Maryland grew by 60.3% from 2009 to 2024, reaching $62,111 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Baltimore
| Metric | Baltimore | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.534 | 0.552 |
| Male Median Income | $65,242 | $84,327 | $69,667 |
| Female Median Income | $61,066 | $72,201 | $56,850 |
| Gender Pay Gap | 6.4% | 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 Baltimore, it is 0.559, higher than Maryland's 0.534, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 7% more than women's income in Baltimore, Maryland. Over a 35-year career, a 7% wage gap accumulates to roughly $146,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Baltimore, Maryland has narrowed from about 13% to 6% in 2024. Over that period the gap was widest at 14% in 2010, and was narrowest at 6% in 2022. In dollar terms, the gap has narrowed by $1,327 since 2009.
Employment
| Metric | Baltimore | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 4.8% | 5.2% |
| Working from Home | 17.8% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 19,226 people are unemployed in Baltimore, Maryland.
The average commute time in Baltimore is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Baltimore, Maryland has fallen from 12.6% to 6.5% in 2024. Over that period the rate peaked at 13.9% in 2014.
Baltimore, MD Wealth Compared With Nearby Cities
How Baltimore, MD compares with the 2 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. |
|---|---|---|---|---|---|
| Baltimore, MD | 573,154 | $62,111 #3/3 | 4.3%/yr #1/3 | 6.5% #3/3 | 0.559 #2/3 |
| Towson, MD | 60,458 | $100,951 | 3.2%/yr | 4.9% | 0.570 |
| Arbutus, MD | 22,506 | $98,151 | 4.0%/yr | 3.8% | 0.524 |
Conclusion
Considering all these factors, Baltimore, Maryland has an overall wealth index grade of D, making it somewhat worse than Maryland, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Baltimore, Maryland.
How Rich Is Baltimore, Maryland?
Baltimore 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 $62,111, about 40% lower than the Maryland average of $103,916.
How fast is household income rising in Baltimore, Maryland?
Between 2009 and 2024, the median household income in Baltimore, Maryland rose 60%, from $38,740 to $62,111. Over the same years, income here outpaced Maryland as a whole: +60% against +49%.
What was the median household income in Baltimore in 2023?
In 2023, the median household income in Baltimore, Maryland was $59,652, up 2% from $58,293 in 2022. The Maryland median that year was $101,974.
What was the median household income in Baltimore in 2020?
In 2020, the median household income in Baltimore, Maryland was $52,317. By 2024 it had risen 19% to $62,111.
Is it hard to find a job in Baltimore, Maryland?
Unemployment in Baltimore, Maryland is 6.5%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Baltimore, Maryland?
The Gini coefficient in Baltimore is 0.559. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Baltimore, Maryland?
Since 2009, the income gap between men and women in Baltimore, Maryland has narrowed from about 13% to 6% in 2024. Over that period the gap was widest at 14% in 2010, and was narrowest at 6% in 2022. In dollar terms, the gap has narrowed by $1,327 since 2009.
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