Carroll County, Maryland Income Statistics
Carroll County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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A
Carroll County Above averageWealthier than 70% of counties in Maryland
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,379 | $103,916 | $80,455 |
| Median Personal Income | $79,302 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 21.4% | 20.7% | 13.9% |
| $200k+ Households | 23.1% | 20.3% | 13.2% |
The median household income in Carroll County is about 14% higher than in Maryland. Income has been growing slower in Carroll County (3.8%/yr) than in Maryland (4.0%/yr).
About 21% of adults in Carroll County 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 Carroll County, Maryland grew by 45.1% from 2009 to 2024, reaching $118,379 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Carroll County
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.534 | 0.552 |
| Male Median Income | $94,454 | $84,327 | $69,667 |
| Female Median Income | $73,170 | $72,201 | $56,850 |
| Gender Pay Gap | 22.5% | 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 Carroll County, it is 0.516, 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 Carroll County, Maryland. Over a 35-year career, a 29% wage gap accumulates to roughly $744,940 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carroll County, Maryland has narrowed from about 26% to 23% in 2024. Over that period the gap was narrowest at 20% in 2022. In dollar terms, the gap has widened by $4,524 since 2009.
Employment
| Metric | Carroll County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.8% | 5.2% |
| Working from Home | 17.3% | 19.3% | 15.0% |
| Commute time (minutes) | 32 | 28 | 22 |
Approximately 3,302 people are unemployed in Carroll County, Maryland.
The average commute time in Carroll County is 32 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, Maryland has fallen from 4.0% to 3.4% in 2024. Over that period the rate peaked at 5.2% in 2013 and fell as low as 3.1% in 2022.
Carroll County, MD Wealth Compared With Nearby Counties
Carroll County, MD is the 5th largest of the 6 counties compared here, 175,325 residents against a local median of 336,328. Nothing separates Carroll County, MD sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is income growth, 4% above the local median at 3.8%/yr against 3.7%/yr. Carroll County, MD has the 3rd highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Carroll County, MD | 175,325 | $118,379 #4/6 | 3.8%/yr #3/6 | 3.4% #4/6 | 0.516 #4/6 |
| Howard County, MD | 336,328 | $149,813 | 3.4%/yr | 3.4% | 0.507 |
| Adams County, PA | 106,097 | $83,650 | 3.9%/yr | 3.4% | 0.492 |
| Frederick County, MD | 287,011 | $122,719 | 4.6%/yr | 3.3% | 0.515 |
| Baltimore County, MD | 850,783 | $92,513 | 3.7%/yr | 4.9% | 0.536 |
| Montgomery County, MD | 1,065,586 | $132,324 | 3.5%/yr | 4.9% | 0.525 |
Conclusion
Considering all these factors, Carroll County, 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 Carroll County, Maryland.
How Rich Is Carroll County, Maryland?
Carroll County 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 $118,379, about 14% higher than the Maryland average of $103,916.
How fast is household income rising in Carroll County, Maryland?
Between 2009 and 2024, the median household income in Carroll County, Maryland rose 45%, from $81,581 to $118,379. Over the same years, income here lagged behind Maryland as a whole: +45% against +49%.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, Maryland was $116,218, up 4% from $112,083 in 2022. The Maryland median that year was $101,974.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, Maryland was $99,679. By 2024 it had risen 19% to $118,379.
Is it hard to find a job in Carroll County, Maryland?
Unemployment in Carroll County, Maryland is only 3.4%, 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 Carroll County, Maryland?
The Gini coefficient in Carroll County is 0.516. 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 Carroll County, Maryland?
Since 2009, the income gap between men and women in Carroll County, Maryland has narrowed from about 26% to 23% in 2024. Over that period the gap was narrowest at 20% in 2022. In dollar terms, the gap has widened by $4,524 since 2009.
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