Elkridge, Maryland Income Statistics
Elkridge 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
Elkridge Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elkridge | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $139,900 | $103,916 | $80,455 |
| Median Personal Income | $86,337 | $75,715 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.0% | 4.8% |
| Six-Figure Earners | 27.6% | 20.7% | 13.9% |
| $200k+ Households | 27.3% | 20.3% | 13.2% |
The median household income in Elkridge is about 35% higher than in Maryland. Income has been growing faster in Elkridge (5.0%/yr) than in Maryland (4.0%/yr).
About 28% of adults in Elkridge 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 Elkridge, Maryland grew by 80.2% from 2009 to 2024, reaching $139,900 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Elkridge
| Metric | Elkridge | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.534 | 0.552 |
| Male Median Income | $95,467 | $84,327 | $69,667 |
| Female Median Income | $84,736 | $72,201 | $56,850 |
| Gender Pay Gap | 11.2% | 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 Elkridge, it is 0.509, 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 13% more than women's income in Elkridge, Maryland. Over a 35-year career, a 13% wage gap accumulates to roughly $375,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elkridge, Maryland has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 30% in 2018, and was narrowest at 7% in 2010. In dollar terms, the gap has widened by $480 since 2009.
Employment
| Metric | Elkridge | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 22.3% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 716 people are unemployed in Elkridge, Maryland.
The average commute time in Elkridge is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elkridge, Maryland has risen from 3.1% to 5.1% in 2024. Over that period the rate peaked at 5.5% in 2015.
Elkridge, MD Wealth Compared With Nearby Cities
Elkridge, MD is the 4th largest of the 5 cities compared here, 24,792 residents against a local median of 35,863. The measure that sets Elkridge, MD apart most is unemployment: 5.1%, 31% above the local median of 3.9%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 5.0%/yr against a local median of 4.0%/yr, 25% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Elkridge, MD is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 1.7% on unemployment, so Elkridge, MD sits at one end of an already wide local range rather than apart from it. Elkridge, MD has the 5th lowest unemployment of the 5 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. |
|---|---|---|---|---|---|
| Elkridge, MD | 24,792 | $139,900 #2/5 | 5.0%/yr #1/5 | 5.1% #5/5 | 0.509 #3/5 |
| Ilchester, MD | 28,356 | $151,912 | 3.2%/yr | 3.0% | 0.503 |
| Arbutus, MD | 22,506 | $98,151 | 4.0%/yr | 3.8% | 0.524 |
| Catonsville, MD | 43,371 | $114,422 | 4.6%/yr | 4.0% | 0.543 |
| Severn, MD | 56,321 | $130,408 | 3.9%/yr | 4.7% | 0.503 |
Conclusion
Considering all these factors, Elkridge, Maryland has an overall wealth index grade of A, making it somewhat better than Maryland, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Elkridge, Maryland.
How Wealthy Is Elkridge, Maryland?
Elkridge 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 residents are much better off than the U.S. average. The median household income is $139,900, about 35% higher than the Maryland average of $103,916.
Are incomes growing in Elkridge, Maryland?
Between 2009 and 2024, the median household income in Elkridge, Maryland rose 80%, from $77,620 to $139,900. Over the same years, income here outpaced Maryland as a whole: +80% against +49%.
What was the median household income in Elkridge in 2023?
In 2023, the median household income in Elkridge, Maryland was $134,845, up 5% from $128,449 in 2022. The Maryland median that year was $101,974.
What was the median household income in Elkridge in 2020?
In 2020, the median household income in Elkridge, Maryland was $105,035. By 2024 it had risen 33% to $139,900.
How many people earn six figures in Elkridge, Maryland?
Yes. 28% of adults in Elkridge, Maryland earn $100,000 or more a year (about 1 in 4), against 21% (about 1 in 5) in Maryland. 27% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
What is the Gini coefficient in Elkridge, Maryland?
The Gini coefficient in Elkridge is 0.509. 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 Elkridge, Maryland?
Since 2009, the income gap between men and women in Elkridge, Maryland has narrowed from about 17% to 11% in 2024. Over that period the gap was widest at 30% in 2018, and was narrowest at 7% in 2010. In dollar terms, the gap has widened by $480 since 2009.
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