Fairland, Maryland Income Statistics
Fairland 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
Fairland Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,322 | $103,916 | $80,455 |
| Median Personal Income | $67,379 | $75,715 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.0% | 4.8% |
| Six-Figure Earners | 18.5% | 20.7% | 13.9% |
| $200k+ Households | 21.1% | 20.3% | 13.2% |
The median household income in Fairland is about 6% lower than in Maryland. Income has been growing slower in Fairland (2.9%/yr) than in Maryland (4.0%/yr).
About 19% of adults in Fairland 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 Fairland, Maryland grew by 43.9% from 2009 to 2024, reaching $97,322 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Fairland
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.534 | 0.552 |
| Male Median Income | $76,224 | $84,327 | $69,667 |
| Female Median Income | $64,996 | $72,201 | $56,850 |
| Gender Pay Gap | 14.7% | 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 Fairland, 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 17% more than women's income in Fairland, Maryland. Over a 35-year career, a 17% wage gap accumulates to roughly $392,980 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fairland, Maryland has widened from about 3% to 15% in 2024. Over that period the gap was widest at 21% in 2021, and in 2012 women out-earned men by 2%. In dollar terms, the gap has widened by $9,488 since 2009.
Sharply against the trend: the pay gap in Fairland widened by 11.5 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Fairland | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.8% | 5.2% |
| Working from Home | 17.7% | 19.3% | 15.0% |
| Commute time (minutes) | 32 | 28 | 22 |
Approximately 915 people are unemployed in Fairland, Maryland.
The average commute time in Fairland is 32 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fairland, Maryland has fallen from 10.4% to 6.2% in 2024. Over that period the rate peaked at 11.9% in 2013 and fell as low as 5.4% in 2020.
Conclusion
Considering all these factors, Fairland, 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 Fairland, Maryland.
How Rich Is Fairland, Maryland?
Fairland 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 $97,322, about 6% lower than the Maryland average of $103,916.
How fast is household income rising in Fairland, Maryland?
Between 2009 and 2024, the median household income in Fairland, Maryland rose 44%, from $67,654 to $97,322. Over the same years, income here lagged behind Maryland as a whole: +44% against +49%.
What was the median household income in Fairland in 2023?
In 2023, the median household income in Fairland, Maryland was $87,137, down 4% from $90,830 in 2022. The Maryland median that year was $101,974.
What was the median household income in Fairland in 2020?
In 2020, the median household income in Fairland, Maryland was $84,643. By 2024 it had risen 15% to $97,322.
How strong is the job market in Fairland, Maryland?
Unemployment in Fairland, Maryland is 6.2%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Fairland, Maryland?
The Gini coefficient in Fairland 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 Fairland, Maryland?
Since 2009, the income gap between men and women in Fairland, Maryland has widened from about 3% to 15% in 2024. Over that period the gap was widest at 21% in 2021, and in 2012 women out-earned men by 2%. In dollar terms, the gap has widened by $9,488 since 2009.
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