Dundalk, Maryland Income Statistics
Dundalk 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.
-
C
Dundalk Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,657 | $103,916 | $80,455 |
| Median Personal Income | $52,041 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.0% | 4.8% |
| Six-Figure Earners | 8.2% | 20.7% | 13.9% |
| $200k+ Households | 5.7% | 20.3% | 13.2% |
The median household income in Dundalk is about 36% lower than in Maryland. Income has been growing slower in Dundalk (3.7%/yr) than in Maryland (4.0%/yr).
About 8% of adults in Dundalk 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 Dundalk, Maryland grew by 45.9% from 2009 to 2024, reaching $66,657 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Dundalk
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.534 | 0.552 |
| Male Median Income | $56,798 | $84,327 | $69,667 |
| Female Median Income | $52,022 | $72,201 | $56,850 |
| Gender Pay Gap | 8.4% | 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 Dundalk, it is 0.545, 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 9% more than women's income in Dundalk, Maryland. Over a 35-year career, a 9% wage gap accumulates to roughly $167,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dundalk, Maryland has narrowed from about 23% to 8% in 2024. Over that period the gap was widest at 25% in 2011. In dollar terms, the gap has narrowed by $5,208 since 2009.
Employment
| Metric | Dundalk | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 4.8% | 5.2% |
| Working from Home | 10.3% | 19.3% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 2,077 people are unemployed in Dundalk, Maryland.
The average commute time in Dundalk is 22 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dundalk, Maryland has fallen from 11.0% to 6.9% in 2024. Over that period the rate peaked at 11.9% in 2013 and fell as low as 6.2% in 2019.
Dundalk, MD Wealth Compared With Nearby Cities
How Dundalk, MD compares with the 2 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. |
|---|---|---|---|---|---|
| Dundalk, MD | 63,263 | $66,657 #3/3 | 3.7%/yr #3/3 | 6.9% #3/3 | 0.545 #3/3 |
| Rosedale, MD | 21,262 | $84,885 | 4.6%/yr | 6.6% | 0.537 |
| Essex, MD | 39,226 | $67,625 | 3.9%/yr | 6.3% | 0.514 |
Conclusion
Considering all these factors, Dundalk, 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 Dundalk, Maryland.
How Rich Is Dundalk, Maryland?
Dundalk 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 $66,657, about 36% lower than the Maryland average of $103,916.
How has median household income changed in Dundalk, Maryland?
Between 2009 and 2024, the median household income in Dundalk, Maryland rose 46%, from $45,682 to $66,657. Over the same years, income here lagged behind Maryland as a whole: +46% against +49%.
What was the median household income in Dundalk in 2023?
In 2023, the median household income in Dundalk, Maryland was $64,576, up 3% from $62,721 in 2022. The Maryland median that year was $101,974.
What was the median household income in Dundalk in 2020?
In 2020, the median household income in Dundalk, Maryland was $57,055. By 2024 it had risen 17% to $66,657.
Is unemployment high in Dundalk, Maryland?
Unemployment in Dundalk, Maryland is 6.9%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Dundalk, Maryland?
The Gini coefficient in Dundalk is 0.545. 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 Dundalk, Maryland?
Since 2009, the income gap between men and women in Dundalk, Maryland has narrowed from about 23% to 8% in 2024. Over that period the gap was widest at 25% in 2011. In dollar terms, the gap has narrowed by $5,208 since 2009.
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