Charles County, Maryland Income Statistics
Charles 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
Charles County Above averageWealthier than 78% of counties in Maryland
Source: Map AI Methodology
Income Statistics Overview
| Metric | Charles County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,633 | $103,916 | $80,455 |
| Median Personal Income | $80,004 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 22.2% | 20.7% | 13.9% |
| $200k+ Households | 23.1% | 20.3% | 13.2% |
The median household income in Charles County is about 18% higher than in Maryland. Income has been growing slower in Charles County (3.8%/yr) than in Maryland (4.0%/yr).
About 22% of adults in Charles 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 Charles County, Maryland grew by 42.0% from 2009 to 2024, reaching $122,633 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Charles County
| Metric | Charles County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.534 | 0.552 |
| Male Median Income | $85,202 | $84,327 | $69,667 |
| Female Median Income | $78,589 | $72,201 | $56,850 |
| Gender Pay Gap | 7.8% | 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 Charles County, it is 0.521, 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 8% more than women's income in Charles County, Maryland. Over a 35-year career, a 8% wage gap accumulates to roughly $231,455 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Charles County, Maryland has narrowed from about 17% to 8% in 2024. In dollar terms, the gap has narrowed by $4,033 since 2009.
Employment
| Metric | Charles County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.8% | 5.2% |
| Working from Home | 16.4% | 19.3% | 15.0% |
| Commute time (minutes) | 40 | 28 | 22 |
Approximately 4,466 people are unemployed in Charles County, Maryland.
The average commute time in Charles County is 40 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Charles County, Maryland has fallen from 6.6% to 4.7% in 2024. Over that period the rate peaked at 7.3% in 2013 and fell as low as 3.4% in 2019.
Charles County, MD Wealth Compared With Nearby Counties
Charles County, MD is the 3rd largest of the 5 counties compared here, 170,501 residents against a local median of 132,022. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Charles County, MD an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 13% above the local median at $122,633 against $108,949. Charles County, MD has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Charles County, MD | 170,501 | $122,633 #2/5 | 3.8%/yr #3/5 | 4.7% #3/5 | 0.521 #2/5 |
| King George County, VA | 27,895 | $115,859 | 3.8%/yr | 3.6% | 0.539 |
| Prince George's County, MD | 959,665 | $102,039 | 3.8%/yr | 6.3% | 0.534 |
| Arlington County, VA | 236,150 | $141,911 | 3.2%/yr | 3.2% | 0.449 |
| Westmoreland County, VA | 18,825 | $64,504 | 2.5%/yr | 7.2% | 0.538 |
Conclusion
Considering all these factors, Charles 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 Charles County, Maryland.
How Rich Is Charles County, Maryland?
Charles 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 $122,633, about 18% higher than the Maryland average of $103,916.
How has median household income changed in Charles County, Maryland?
Between 2009 and 2024, the median household income in Charles County, Maryland rose 42%, from $86,355 to $122,633. Over the same years, income here lagged behind Maryland as a whole: +42% against +49%.
What was the median household income in Charles County in 2023?
In 2023, the median household income in Charles County, Maryland was $120,068, up 2% from $117,242 in 2022. The Maryland median that year was $101,974.
What was the median household income in Charles County in 2020?
In 2020, the median household income in Charles County, Maryland was $104,269. By 2024 it had risen 18% to $122,633.
What is the Gini coefficient in Charles County, Maryland?
The Gini coefficient in Charles County is 0.521. 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 Charles County, Maryland?
Since 2009, the income gap between men and women in Charles County, Maryland has narrowed from about 17% to 8% in 2024. In dollar terms, the gap has narrowed by $4,033 since 2009.
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