Bel Air South, Maryland Income Statistics
Bel Air South 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
Bel Air South Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,950 | $103,916 | $80,455 |
| Median Personal Income | $81,354 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 23.3% | 20.7% | 13.9% |
| $200k+ Households | 21.2% | 20.3% | 13.2% |
The median household income in Bel Air South is about 16% higher than in Maryland. Income has been growing slower in Bel Air South (3.8%/yr) than in Maryland (4.0%/yr).
About 23% of adults in Bel Air South 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 South, Maryland grew by 43.5% from 2009 to 2024, reaching $120,950 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Bel Air South
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.534 | 0.552 |
| Male Median Income | $92,780 | $84,327 | $69,667 |
| Female Median Income | $75,760 | $72,201 | $56,850 |
| Gender Pay Gap | 18.3% | 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 South, it is 0.494, 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 22% more than women's income in Bel Air South, Maryland. Over a 35-year career, a 22% wage gap accumulates to roughly $595,700 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 South, Maryland has narrowed from about 26% to 18% in 2024. Over that period the gap was widest at 29% in 2013. In dollar terms, the gap has narrowed by $53 since 2009.
Employment
| Metric | Bel Air South | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 18.9% | 19.3% | 15.0% |
| Commute time (minutes) | 28 | 28 | 22 |
Approximately 1,069 people are unemployed in Bel Air South, Maryland.
The average commute time in Bel Air South is 28 minutes, about the same as in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bel Air South, Maryland has fallen from 4.7% to 3.6% in 2024. Over that period the rate peaked at 6.7% in 2013 and fell as low as 3.1% in 2022.
Bel Air South, MD Wealth Compared With Nearby Cities
How Bel Air South, 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 South, MD | 54,835 | $120,950 #2/2 | 3.8%/yr #2/2 | 3.6% #2/2 | 0.494 #1/2 |
| Bel Air North, MD | 29,691 | $128,792 | 4.2%/yr | 3.1% | 0.515 |
Conclusion
Considering all these factors, Bel Air South, 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 South, Maryland.
How Rich Is Bel Air South, Maryland?
Bel Air South 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 $120,950, about 16% higher than the Maryland average of $103,916.
How has median household income changed in Bel Air South, Maryland?
Between 2009 and 2024, the median household income in Bel Air South, Maryland rose 43%, from $84,304 to $120,950. Over the same years, income here lagged behind Maryland as a whole: +43% against +49%.
What was the median household income in Bel Air South in 2023?
In 2023, the median household income in Bel Air South, Maryland was $118,051, up 6% from $111,604 in 2022. The Maryland median that year was $101,974.
What was the median household income in Bel Air South in 2020?
In 2020, the median household income in Bel Air South, Maryland was $99,807. By 2024 it had risen 21% to $120,950.
Is it hard to find a job in Bel Air South, Maryland?
Unemployment in Bel Air South, Maryland is only 3.6%, 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 South, Maryland?
The Gini coefficient in Bel Air South is 0.494. 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 South, Maryland?
Since 2009, the income gap between men and women in Bel Air South, Maryland has narrowed from about 26% to 18% in 2024. Over that period the gap was widest at 29% in 2013. In dollar terms, the gap has narrowed by $53 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →