Fort Washington, Maryland Income Statistics
Fort Washington 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.
-
A
Fort Washington Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $140,933 | $103,916 | $80,455 |
| Median Personal Income | $81,113 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.0% | 4.8% |
| Six-Figure Earners | 24.7% | 20.7% | 13.9% |
| $200k+ Households | 29.8% | 20.3% | 13.2% |
The median household income in Fort Washington is about 36% higher than in Maryland. Income has been growing faster in Fort Washington (4.2%/yr) than in Maryland (4.0%/yr).
About 25% of adults in Fort Washington 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 Fort Washington, Maryland grew by 34.3% from 2009 to 2024, reaching $140,933 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Fort Washington
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.534 | 0.552 |
| Male Median Income | $81,652 | $84,327 | $69,667 |
| Female Median Income | $84,202 | $72,201 | $56,850 |
| Gender Pay Gap | -3.1% | 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 Fort Washington, it is 0.484, 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.
Women's income is about 3% more than men's income in Fort Washington, Maryland. Over a 35-year career, a 3% wage gap accumulates to roughly $89,250 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Washington, Maryland has narrowed from about 11% to -3% in 2024. Over that period the gap was widest at 14% in 2012, and in 2023 women out-earned men by 18%. In dollar terms, the gap has narrowed by $10,178 since 2009.
Employment
| Metric | Fort Washington | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 4.8% | 5.2% |
| Working from Home | 19.7% | 19.3% | 15.0% |
| Commute time (minutes) | 33 | 28 | 22 |
Approximately 731 people are unemployed in Fort Washington, Maryland.
The average commute time in Fort Washington is 33 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Washington, Maryland has fallen from 8.1% to 5.6% in 2024. Over that period the rate peaked at 10.2% in 2013 and fell as low as 5.4% in 2022.
Conclusion
Considering all these factors, Fort Washington, 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 Fort Washington, Maryland.
How Rich Is Fort Washington, Maryland?
Fort Washington 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 $140,933, about 36% higher than the Maryland average of $103,916.
How has median household income changed in Fort Washington, Maryland?
Between 2009 and 2024, the median household income in Fort Washington, Maryland rose 34%, from $104,953 to $140,933. Over the same years, income here lagged behind Maryland as a whole: +34% against +49%.
What was the median household income in Fort Washington in 2023?
In 2023, the median household income in Fort Washington, Maryland was $144,716, up 3% from $140,055 in 2022. The Maryland median that year was $101,974.
What was the median household income in Fort Washington in 2020?
In 2020, the median household income in Fort Washington, Maryland was $123,221. By 2024 it had risen 14% to $140,933.
What is the Gini coefficient in Fort Washington, Maryland?
The Gini coefficient in Fort Washington is 0.484. 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 Fort Washington, Maryland?
Since 2009, the income gap between men and women in Fort Washington, Maryland has narrowed from about 11% to -3% in 2024. Over that period the gap was widest at 14% in 2012, and in 2023 women out-earned men by 18%. In dollar terms, the gap has narrowed by $10,178 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →