Eldersburg, Maryland Income Statistics
Eldersburg 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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A+
Eldersburg Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $141,884 | $103,916 | $80,455 |
| Median Personal Income | $91,492 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.0% | 4.8% |
| Six-Figure Earners | 26.1% | 20.7% | 13.9% |
| $200k+ Households | 32.9% | 20.3% | 13.2% |
The median household income in Eldersburg is about 37% higher than in Maryland. Income has been growing slower in Eldersburg (3.3%/yr) than in Maryland (4.0%/yr).
About 26% of adults in Eldersburg 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 Eldersburg, Maryland grew by 50.6% from 2009 to 2024, reaching $141,884 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Eldersburg
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.534 | 0.552 |
| Male Median Income | $110,892 | $84,327 | $69,667 |
| Female Median Income | $81,736 | $72,201 | $56,850 |
| Gender Pay Gap | 26.3% | 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 Eldersburg, it is 0.511, 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 36% more than women's income in Eldersburg, Maryland. Over a 35-year career, a 36% wage gap accumulates to roughly $1,020,460 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Eldersburg, Maryland has narrowed from about 29% to 26% in 2024. Over that period the gap was widest at 34% in 2011, and was narrowest at 22% in 2020. In dollar terms, the gap has widened by $8,666 since 2009.
Employment
| Metric | Eldersburg | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 4.8% | 5.2% |
| Working from Home | 20.9% | 19.3% | 15.0% |
| Commute time (minutes) | 32 | 28 | 22 |
Approximately 505 people are unemployed in Eldersburg, Maryland.
The average commute time in Eldersburg is 32 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Eldersburg, Maryland has fallen from 3.2% to 3.0% in 2024. Over that period the rate peaked at 4.2% in 2013 and fell as low as 2.3% in 2021.
Eldersburg, MD Wealth Compared With Nearby Cities
Eldersburg, MD is typical in size for this group, 30,884 residents against a local median of 32,727, so the measures below are close to a like for like comparison. Eldersburg, MD's median household income, at $141,884, runs 58% above the $89,678 typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.0% against a local median of 6.4%, 53% below it. Every measure here with a clear better direction points the same way, so Eldersburg, MD is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves sit within $6,513 of each other on median household income, a tighter band than the gap between any of them and Eldersburg, MD, which makes it a genuine outlier here rather than one end of a wide local spread. Eldersburg, MD has the highest median household income of the 4 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. |
|---|---|---|---|---|---|
| Eldersburg, MD | 30,884 | $141,884 #1/4 | 3.3%/yr #3/4 | 3.0% #1/4 | 0.511 #1/4 |
| Reisterstown, MD | 25,579 | $89,678 | 4.4%/yr | 9.0% | 0.544 |
| Randallstown, MD | 32,727 | $89,417 | 2.3%/yr | 6.4% | 0.529 |
| Owings Mills, MD | 38,773 | $95,930 | 3.6%/yr | 5.1% | 0.523 |
Conclusion
Considering all these factors, Eldersburg, Maryland has an overall wealth index grade of A+, making it somewhat better than Maryland, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Eldersburg, Maryland.
How Wealthy Is Eldersburg, Maryland?
Eldersburg 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 it is one of the most prosperous areas in the country. The median household income is $141,884, about 37% higher than the Maryland average of $103,916.
How has median household income changed in Eldersburg, Maryland?
Between 2009 and 2024, the median household income in Eldersburg, Maryland rose 51%, from $94,233 to $141,884. Over the same years, income here outpaced Maryland as a whole: +51% against +49%.
What was the median household income in Eldersburg in 2023?
In 2023, the median household income in Eldersburg, Maryland was $144,963, up 2% from $142,547 in 2022. The Maryland median that year was $101,974.
What was the median household income in Eldersburg in 2020?
In 2020, the median household income in Eldersburg, Maryland was $123,950. By 2024 it had risen 14% to $141,884.
Is it hard to find a job in Eldersburg, Maryland?
Unemployment in Eldersburg, Maryland is only 3.0%, well below the Maryland rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Eldersburg, Maryland?
The Gini coefficient in Eldersburg is 0.511. 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 Eldersburg, Maryland?
Since 2009, the income gap between men and women in Eldersburg, Maryland has narrowed from about 29% to 26% in 2024. Over that period the gap was widest at 34% in 2011, and was narrowest at 22% in 2020. In dollar terms, the gap has widened by $8,666 since 2009.
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