Carney, Maryland Income Statistics
Carney 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.
-
B
Carney Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,605 | $103,916 | $80,455 |
| Median Personal Income | $63,373 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.0% | 4.8% |
| Six-Figure Earners | 15.7% | 20.7% | 13.9% |
| $200k+ Households | 10.6% | 20.3% | 13.2% |
The median household income in Carney is about 21% lower than in Maryland. Income has been growing slower in Carney (3.7%/yr) than in Maryland (4.0%/yr).
About 16% of adults in Carney 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 Carney, Maryland grew by 32.4% from 2009 to 2024, reaching $82,605 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Carney
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.534 | 0.552 |
| Male Median Income | $71,400 | $84,327 | $69,667 |
| Female Median Income | $59,790 | $72,201 | $56,850 |
| Gender Pay Gap | 16.3% | 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 Carney, it is 0.509, 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 19% more than women's income in Carney, Maryland. Over a 35-year career, a 19% wage gap accumulates to roughly $406,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carney, Maryland has narrowed from about 24% to 16% in 2024. Over that period the gap was narrowest at 11% in 2022. In dollar terms, the gap has narrowed by $1,260 since 2009.
Employment
| Metric | Carney | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.8% | 5.2% |
| Working from Home | 12.9% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 459 people are unemployed in Carney, Maryland.
The average commute time in Carney is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carney, Maryland has fallen from 4.1% to 3.2% in 2024. Over that period the rate peaked at 6.1% in 2014 and fell as low as 3.0% in 2020.
Carney, MD Wealth Compared With Nearby Cities
How Carney, 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. |
|---|---|---|---|---|---|
| Carney, MD | 28,224 | $82,605 #2/3 | 3.7%/yr #3/3 | 3.2% #2/3 | 0.509 #2/3 |
| Parkville, MD | 30,547 | $78,821 | 3.8%/yr | 5.0% | 0.503 |
| Perry Hall, MD | 29,221 | $111,182 | 3.8%/yr | 2.0% | 0.523 |
Conclusion
Considering all these factors, Carney, 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 Carney, Maryland.
How Rich Is Carney, Maryland?
Carney 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 $82,605, about 21% lower than the Maryland average of $103,916.
How has median household income changed in Carney, Maryland?
Between 2009 and 2024, the median household income in Carney, Maryland rose 32%, from $62,392 to $82,605. Over the same years, income here lagged behind Maryland as a whole: +32% against +49%.
What was the median household income in Carney in 2023?
In 2023, the median household income in Carney, Maryland was $84,351, up 6% from $79,904 in 2022. The Maryland median that year was $101,974.
What was the median household income in Carney in 2020?
In 2020, the median household income in Carney, Maryland was $71,289. By 2024 it had risen 16% to $82,605.
Is unemployment high in Carney, Maryland?
Unemployment in Carney, Maryland is only 3.2%, 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 Carney, Maryland?
The Gini coefficient in Carney is 0.509. 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 Carney, Maryland?
Since 2009, the income gap between men and women in Carney, Maryland has narrowed from about 24% to 16% in 2024. Over that period the gap was narrowest at 11% in 2022. In dollar terms, the gap has narrowed by $1,260 since 2009.
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