Wealth Index
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.
Income Statistics Overview
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,796 | $101,971 | $78,145 |
| Median Personal Income | $49,905 | $75,680 | $61,726 |
| Average income growth | 4.3% | 4.3% | 5.1% |
| Six-Figure Earners | 6.6% | 19.8% | 13.2% |
The median household income in Chillum is about 19% lower than in Maryland. Income has been growing faster in Chillum (4.3%/yr) than in Maryland (4.3%/yr).
About 7% of adults in Chillum earn six figures ($100,000 or more) a year, lower than the Maryland average of 20%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Chillum, Maryland grew by 55.8% from 2009 to 2023, reaching $82,796 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Chillum | Gender Pay Gap | Gini Coefficient
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.553 | 0.570 |
| Male Median Income | $52,330 | $81,929 | $67,746 |
| Female Median Income | $47,142 | $70,143 | $54,793 |
| Gender Pay Gap | 9.9% | 14.4% | 19.1% |
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 Chillum, it is 0.510, lower than Maryland's 0.553, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Chillum, Maryland. Over a 35-year career, a 11% wage gap accumulates to roughly $181,580 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chillum, Maryland has widened from about -4% to 10% in 2023. In dollar terms, the gap has widened by $6,634 since 2009.
Employment
| Metric | Chillum | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 4.9% | 5.2% |
| Working from Home | 9.1% | 17.2% | 13.4% |
| Commute time (minutes) | 33 | 28 | 22 |
Approximately 1,169 people are unemployed in Chillum, Maryland.
The average commute time in Chillum is 33 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chillum, Maryland has fallen from 10.5% to 6.3% in 2023.
Conclusion
Considering all these factors, Chillum, Maryland has an overall wealth index grade of C, making it somewhat worse than Maryland, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Chillum, Maryland.
How Rich Is Chillum, Maryland?
Chillum has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $82,796, about 19% lower than the Maryland average of $101,971.
What is the current median household income in Chillum, Maryland?
As of 2023, the median household income in Chillum, Maryland is $82,796.
What was the median household income in Chillum in 2023?
In 2023, the median household income in Chillum, Maryland was $82,796.
What was the median household income in Chillum in 2020?
In 2020, the median household income in Chillum, Maryland was $61,608.
What is the Gini coefficient in Chillum, Maryland?
The Gini coefficient in Chillum is 0.510. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Chillum, Maryland?
Since 2009, the income gap between men and women in Chillum, Maryland has widened from about -4% to 10% in 2023. In dollar terms, the gap has widened by $6,634 since 2009.