Catonsville, Maryland Income Statistics
Catonsville 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
Catonsville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Catonsville | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $114,422 | $103,916 | $80,455 |
| Median Personal Income | $85,462 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 22.4% | 20.7% | 13.9% |
| $200k+ Households | 21.1% | 20.3% | 13.2% |
The median household income in Catonsville is about 10% higher than in Maryland. Income has been growing faster in Catonsville (4.6%/yr) than in Maryland (4.0%/yr).
About 22% of adults in Catonsville 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 Catonsville, Maryland grew by 72.2% from 2009 to 2024, reaching $114,422 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Catonsville
| Metric | Catonsville | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.534 | 0.552 |
| Male Median Income | $95,251 | $84,327 | $69,667 |
| Female Median Income | $82,228 | $72,201 | $56,850 |
| Gender Pay Gap | 13.7% | 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 Catonsville, it is 0.543, higher than Maryland's 0.534, so income is less 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 16% more than women's income in Catonsville, Maryland. Over a 35-year career, a 16% wage gap accumulates to roughly $455,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Catonsville, Maryland has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 21% in 2010, and was narrowest at 12% in 2020. In dollar terms, the gap has widened by $429 since 2009.
Employment
| Metric | Catonsville | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 20.9% | 19.3% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 906 people are unemployed in Catonsville, Maryland.
The average commute time in Catonsville is 22 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Catonsville, Maryland has fallen from 5.6% to 4.0% in 2024. Over that period the rate peaked at 6.7% in 2012 and fell as low as 2.9% in 2019.
Catonsville, MD Wealth Compared With Nearby Cities
Catonsville, MD is the largest of the 5 cities compared here, 43,371 residents against a local median of 26,574. The measure that sets Catonsville, MD apart most is income growth: 4.6%/yr, 23% above the local median of 3.7%/yr. That is the better end of the local range on this measure.
The cities themselves spread 1.7%/yr on income growth, so Catonsville, MD sits at one end of an already wide local range rather than apart from it. Catonsville, MD has the 2nd highest income growth of the 5 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. |
|---|---|---|---|---|---|
| Catonsville, MD | 43,371 | $114,422 #3/5 | 4.6%/yr #2/5 | 4.0% #3/5 | 0.543 #5/5 |
| Woodlawn, MD | 40,959 | $84,232 | 3.4%/yr | 6.2% | 0.528 |
| Ilchester, MD | 28,356 | $151,912 | 3.2%/yr | 3.0% | 0.503 |
| Arbutus, MD | 22,506 | $98,151 | 4.0%/yr | 3.8% | 0.524 |
| Elkridge, MD | 24,792 | $139,900 | 5.0%/yr | 5.1% | 0.509 |
Conclusion
Considering all these factors, Catonsville, Maryland has an overall wealth index grade of B, making it somewhat better than Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Catonsville, Maryland.
How Rich Is Catonsville, Maryland?
Catonsville 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 $114,422, about 10% higher than the Maryland average of $103,916.
Are incomes growing in Catonsville, Maryland?
Between 2009 and 2024, the median household income in Catonsville, Maryland rose 72%, from $66,462 to $114,422. Over the same years, income here outpaced Maryland as a whole: +72% against +49%.
What was the median household income in Catonsville in 2023?
In 2023, the median household income in Catonsville, Maryland was $109,462, up 6% from $103,243 in 2022. The Maryland median that year was $101,974.
What was the median household income in Catonsville in 2020?
In 2020, the median household income in Catonsville, Maryland was $88,577. By 2024 it had risen 29% to $114,422.
What is the Gini coefficient in Catonsville, Maryland?
The Gini coefficient in Catonsville is 0.543. 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 Catonsville, Maryland?
Since 2009, the income gap between men and women in Catonsville, Maryland has narrowed from about 21% to 14% in 2024. Over that period the gap was widest at 21% in 2010, and was narrowest at 12% in 2020. In dollar terms, the gap has widened by $429 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 →