Bel Air North, Maryland Income Statistics
Bel Air North 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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A
Bel Air North Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $128,792 | $103,916 | $80,455 |
| Median Personal Income | $89,371 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.0% | 4.8% |
| Six-Figure Earners | 24.4% | 20.7% | 13.9% |
| $200k+ Households | 26.3% | 20.3% | 13.2% |
The median household income in Bel Air North is about 24% higher than in Maryland. Income has been growing faster in Bel Air North (4.2%/yr) than in Maryland (4.0%/yr).
About 24% of adults in Bel Air North 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 Bel Air North, Maryland grew by 48.4% from 2009 to 2024, reaching $128,792 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Bel Air North
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.534 | 0.552 |
| Male Median Income | $105,161 | $84,327 | $69,667 |
| Female Median Income | $81,207 | $72,201 | $56,850 |
| Gender Pay Gap | 22.8% | 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 Bel Air North, it is 0.515, 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 Bel Air North, Maryland. Over a 35-year career, a 29% wage gap accumulates to roughly $838,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bel Air North, Maryland has narrowed from about 31% to 23% in 2024. Over that period the gap was widest at 37% in 2012, and was narrowest at 20% in 2022. In dollar terms, the gap has widened by $1,636 since 2009.
Employment
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.8% | 5.2% |
| Working from Home | 15.8% | 19.3% | 15.0% |
| Commute time (minutes) | 31 | 28 | 22 |
Approximately 482 people are unemployed in Bel Air North, Maryland.
The average commute time in Bel Air North is 31 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bel Air North, Maryland has fallen from 5.4% to 3.1% in 2024. Over that period the rate fell as low as 2.6% in 2022.
Bel Air North, MD Wealth Compared With Nearby Cities
How Bel Air North, 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. |
|---|---|---|---|---|---|
| Bel Air North, MD | 29,691 | $128,792 #1/2 | 4.2%/yr #1/2 | 3.1% #1/2 | 0.515 #2/2 |
| Bel Air South, MD | 54,835 | $120,950 | 3.8%/yr | 3.6% | 0.494 |
Conclusion
Considering all these factors, Bel Air North, 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 Bel Air North, Maryland.
How Rich Is Bel Air North, Maryland?
Bel Air North 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 $128,792, about 24% higher than the Maryland average of $103,916.
Are incomes growing in Bel Air North, Maryland?
Between 2009 and 2024, the median household income in Bel Air North, Maryland rose 48%, from $86,788 to $128,792. Over the same years, income here kept pace with Maryland as a whole: +48% against +49%.
What was the median household income in Bel Air North in 2023?
In 2023, the median household income in Bel Air North, Maryland was $127,215, up 5% from $121,655 in 2022. The Maryland median that year was $101,974.
What was the median household income in Bel Air North in 2020?
In 2020, the median household income in Bel Air North, Maryland was $106,284. By 2024 it had risen 21% to $128,792.
Is it hard to find a job in Bel Air North, Maryland?
Unemployment in Bel Air North, Maryland is only 3.1%, well below the Maryland rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Bel Air North, Maryland?
The Gini coefficient in Bel Air North is 0.515. 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 Bel Air North, Maryland?
Since 2009, the income gap between men and women in Bel Air North, Maryland has narrowed from about 31% to 23% in 2024. Over that period the gap was widest at 37% in 2012, and was narrowest at 20% in 2022. In dollar terms, the gap has widened by $1,636 since 2009.
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