Edgewood, Maryland Income Statistics
Edgewood 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.
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B
Edgewood Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,213 | $103,916 | $80,455 |
| Median Personal Income | $62,514 | $75,715 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.0% | 4.8% |
| Six-Figure Earners | 13.2% | 20.7% | 13.9% |
| $200k+ Households | 9.4% | 20.3% | 13.2% |
The median household income in Edgewood is about 16% lower than in Maryland. Income has been growing faster in Edgewood (5.4%/yr) than in Maryland (4.0%/yr).
About 13% of adults in Edgewood 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 Edgewood, Maryland grew by 53.8% from 2009 to 2024, reaching $87,213 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Edgewood
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.534 | 0.552 |
| Male Median Income | $75,312 | $84,327 | $69,667 |
| Female Median Income | $56,972 | $72,201 | $56,850 |
| Gender Pay Gap | 24.4% | 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 Edgewood, it is 0.523, 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 32% more than women's income in Edgewood, Maryland. Over a 35-year career, a 32% wage gap accumulates to roughly $641,900 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Edgewood, Maryland has widened from about 23% to 24% in 2024. Over that period the gap was widest at 30% in 2022, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $6,254 since 2009.
Sharply against the trend: the pay gap in Edgewood widened by 1.4 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Edgewood | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 4.8% | 5.2% |
| Working from Home | 9.4% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 1,046 people are unemployed in Edgewood, Maryland.
The average commute time in Edgewood is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Edgewood, Maryland has fallen from 9.8% to 7.4% in 2024. Over that period the rate peaked at 14.2% in 2013 and fell as low as 5.0% in 2019.
Edgewood, MD Wealth Compared With Nearby Cities
How Edgewood, 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. |
|---|---|---|---|---|---|
| Edgewood, MD | 25,510 | $87,213 #2/2 | 5.4%/yr #1/2 | 7.4% #2/2 | 0.523 #2/2 |
| Bel Air South, MD | 54,835 | $120,950 | 3.8%/yr | 3.6% | 0.494 |
Conclusion
Considering all these factors, Edgewood, Maryland has an overall wealth index grade of B, making it about on par with Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Edgewood, Maryland.
How Wealthy Is Edgewood, Maryland?
Edgewood 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 $87,213, about 16% lower than the Maryland average of $103,916.
How has median household income changed in Edgewood, Maryland?
Between 2009 and 2024, the median household income in Edgewood, Maryland rose 54%, from $56,706 to $87,213. Over the same years, income here outpaced Maryland as a whole: +54% against +49%.
What was the median household income in Edgewood in 2023?
In 2023, the median household income in Edgewood, Maryland was $90,619, about the same as in 2022. The Maryland median that year was $101,974.
What was the median household income in Edgewood in 2020?
In 2020, the median household income in Edgewood, Maryland was $71,734. By 2024 it had risen 22% to $87,213.
Is it hard to find a job in Edgewood, Maryland?
Unemployment in Edgewood, Maryland is 7.4%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Edgewood, Maryland?
The Gini coefficient in Edgewood is 0.523. 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 Edgewood, Maryland?
Since 2009, the income gap between men and women in Edgewood, Maryland has widened from about 23% to 24% in 2024. Over that period the gap was widest at 30% in 2022, and was narrowest at 9% in 2016. In dollar terms, the gap has widened by $6,254 since 2009.
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