Frederick County, Maryland Income Statistics
Frederick County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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A
Frederick County Above averageAmong the top 5 wealthiest counties in Maryland
Source: Map AI Methodology
Income Statistics Overview
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,719 | $103,916 | $80,455 |
| Median Personal Income | $83,699 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 23.6% | 20.7% | 13.9% |
| $200k+ Households | 24.6% | 20.3% | 13.2% |
The median household income in Frederick County is about 18% higher than in Maryland. Income has been growing faster in Frederick County (4.6%/yr) than in Maryland (4.0%/yr).
About 24% of adults in Frederick County 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 Frederick County, Maryland grew by 50.4% from 2009 to 2024, reaching $122,719 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Frederick County
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.534 | 0.552 |
| Male Median Income | $93,916 | $84,327 | $69,667 |
| Female Median Income | $78,597 | $72,201 | $56,850 |
| Gender Pay Gap | 16.3% | 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 Frederick County, it is 0.515, 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 19% more than women's income in Frederick County, Maryland. Over a 35-year career, a 19% wage gap accumulates to roughly $536,165 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Frederick County, Maryland has narrowed from about 25% to 16% in 2024. Over that period the gap was widest at 26% in 2011. In dollar terms, the gap has narrowed by $217 since 2009.
Employment
| Metric | Frederick County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.8% | 5.2% |
| Working from Home | 21.2% | 19.3% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 5,211 people are unemployed in Frederick County, Maryland.
The average commute time in Frederick County is 27 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Frederick County, Maryland has fallen from 5.5% to 3.3% in 2024. Over that period the rate peaked at 6.2% in 2014.
Frederick County, MD Wealth Compared With Nearby Counties
Frederick County, MD is the 3rd largest of the 6 counties compared here, 287,011 residents against a local median of 175,325. Where Frederick County, MD breaks from the counties next to it is income growth, sitting 17% above the local median of 3.9%/yr at 4.6%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.3%/yr on income growth, so Frederick County, MD sits at one end of an already wide local range rather than apart from it. Frederick County, MD has the 2nd highest income growth of the 6 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. |
|---|---|---|---|---|---|
| Frederick County, MD | 287,011 | $122,719 #3/6 | 4.6%/yr #2/6 | 3.3% #1/6 | 0.515 #3/6 |
| Carroll County, MD | 175,325 | $118,379 | 3.8%/yr | 3.4% | 0.516 |
| Montgomery County, MD | 1,065,586 | $132,324 | 3.5%/yr | 4.9% | 0.525 |
| Washington County, MD | 155,706 | $78,373 | 4.2%/yr | 4.2% | 0.551 |
| Adams County, PA | 106,097 | $83,650 | 3.9%/yr | 3.4% | 0.492 |
| Loudoun County, VA | 432,991 | $182,384 | 4.8%/yr | 3.3% | 0.509 |
Conclusion
Considering all these factors, Frederick County, 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 Frederick County, Maryland.
How Rich Is Frederick County, Maryland?
Frederick County 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 $122,719, about 18% higher than the Maryland average of $103,916.
How fast is household income rising in Frederick County, Maryland?
Between 2009 and 2024, the median household income in Frederick County, Maryland rose 50%, from $81,570 to $122,719. Over the same years, income here outpaced Maryland as a whole: +50% against +49%.
What was the median household income in Frederick County in 2023?
In 2023, the median household income in Frederick County, Maryland was $121,395, up 4% from $116,495 in 2022. The Maryland median that year was $101,974.
What was the median household income in Frederick County in 2020?
In 2020, the median household income in Frederick County, Maryland was $100,700. By 2024 it had risen 22% to $122,719.
Is unemployment high in Frederick County, Maryland?
Unemployment in Frederick County, Maryland is only 3.3%, 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 Frederick County, Maryland?
The Gini coefficient in Frederick County is 0.515. 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 Frederick County, Maryland?
Since 2009, the income gap between men and women in Frederick County, Maryland has narrowed from about 25% to 16% in 2024. Over that period the gap was widest at 26% in 2011. In dollar terms, the gap has narrowed by $217 since 2009.
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