College Park, Maryland Income Statistics
College Park 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.
-
F
College Park Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | College Park | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,594 | $103,916 | $80,455 |
| Median Personal Income | $60,129 | $75,715 | $60,758 |
| Average Yearly Income Growth | 2.1% | 4.0% | 4.8% |
| Six-Figure Earners | 7.7% | 20.7% | 13.9% |
| $200k+ Households | 12.9% | 20.3% | 13.2% |
The median household income in College Park is about 34% lower than in Maryland. Income has been growing slower in College Park (2.1%/yr) than in Maryland (4.0%/yr).
About 8% of adults in College Park 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 College Park, Maryland grew by 11.1% from 2009 to 2024, reaching $68,594 in 2024. That's an average of about 2.1% per year.
Income Inequality and the Gender Pay Gap in College Park
| Metric | College Park | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.712 | 0.534 | 0.552 |
| Male Median Income | $62,417 | $84,327 | $69,667 |
| Female Median Income | $58,994 | $72,201 | $56,850 |
| Gender Pay Gap | 5.5% | 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 College Park, it is 0.712, higher than Maryland's 0.534, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 6% more than women's income in College Park, Maryland. Over a 35-year career, a 6% wage gap accumulates to roughly $119,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in College Park, Maryland has widened from about 4% to 5% in 2024. Over that period the gap was widest at 12% in 2013, and in 2016 women out-earned men by 4%. In dollar terms, the gap has widened by $1,809 since 2009.
Sharply against the trend: the pay gap in College Park widened by 1.8 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | College Park | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.2% | 4.8% | 5.2% |
| Working from Home | 15.8% | 19.3% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 1,067 people are unemployed in College Park, Maryland.
The average commute time in College Park is 22 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in College Park, Maryland has fallen from 10.2% to 7.2% in 2024. Over that period the rate peaked at 11.2% in 2013 and fell as low as 4.4% in 2019.
College Park, MD Wealth Compared With Nearby Cities
How College Park, MD compares with the 1 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. |
|---|---|---|---|---|---|
| College Park, MD | 31,178 | $68,594 #2/2 | 2.1%/yr #2/2 | 7.2% #2/2 | 0.712 #2/2 |
| Hyattsville, MD | 22,604 | $87,817 | 4.2%/yr | 4.8% | 0.517 |
Conclusion
Considering all these factors, College Park, Maryland has an overall wealth index grade of F, making it worse than Maryland, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in College Park, Maryland.
How Rich Is College Park, Maryland?
College Park has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $68,594, about 34% lower than the Maryland average of $103,916.
How fast is household income rising in College Park, Maryland?
Between 2009 and 2024, the median household income in College Park, Maryland rose 11%, from $61,727 to $68,594. Over the same years, income here lagged behind Maryland as a whole: +11% against +49%.
What was the median household income in College Park in 2023?
In 2023, the median household income in College Park, Maryland was $74,233, down 3% from $76,828 in 2022. The Maryland median that year was $101,974.
What was the median household income in College Park in 2020?
In 2020, the median household income in College Park, Maryland was $66,597. By 2024 it had risen 3% to $68,594.
How strong is the job market in College Park, Maryland?
Unemployment in College Park, Maryland is 7.2%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in College Park, Maryland?
The Gini coefficient in College Park is 0.712. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in College Park, Maryland?
Since 2009, the income gap between men and women in College Park, Maryland has widened from about 4% to 5% in 2024. Over that period the gap was widest at 12% in 2013, and in 2016 women out-earned men by 4%. In dollar terms, the gap has widened by $1,809 since 2009.
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