Germantown, Maryland Income Statistics
Germantown 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
Germantown Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $113,177 | $103,916 | $80,455 |
| Median Personal Income | $73,789 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.0% | 4.8% |
| Six-Figure Earners | 20.8% | 20.7% | 13.9% |
| $200k+ Households | 19.1% | 20.3% | 13.2% |
The median household income in Germantown is about 9% higher than in Maryland. Income has been growing slower in Germantown (3.9%/yr) than in Maryland (4.0%/yr).
About 21% of adults in Germantown earn six figures ($100,000 or more) a year, about the same as the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Germantown, Maryland grew by 39.9% from 2009 to 2024, reaching $113,177 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Germantown
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.534 | 0.552 |
| Male Median Income | $87,137 | $84,327 | $69,667 |
| Female Median Income | $74,745 | $72,201 | $56,850 |
| Gender Pay Gap | 14.2% | 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 Germantown, it is 0.546, higher than Maryland's 0.534, so income is less 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 Germantown, Maryland. Over a 35-year career, a 17% wage gap accumulates to roughly $433,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Germantown, Maryland has widened from about 13% to 14% in 2024. Over that period the gap was widest at 15% in 2022, and was narrowest at 5% in 2018. In dollar terms, the gap has widened by $4,890 since 2009.
Sharply against the trend: the pay gap in Germantown widened by 1.6 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 21.4% | 19.3% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 2,655 people are unemployed in Germantown, Maryland.
The average commute time in Germantown is 27 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Germantown, Maryland has fallen from 6.5% to 5.5% in 2024. Over that period the rate peaked at 7.3% in 2012 and fell as low as 3.5% in 2019.
Germantown, MD Wealth Compared With Nearby Cities
Germantown, MD is the largest of the 4 cities compared here, 82,710 residents against a local median of 25,048. Nothing separates Germantown, MD sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is income growth, 10% above the local median at 3.9%/yr against 3.6%/yr. Germantown, MD has the 2nd highest income growth 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. |
|---|---|---|---|---|---|
| Germantown, MD | 82,710 | $113,177 #2/4 | 3.9%/yr #2/4 | 5.5% #3/4 | 0.546 #4/4 |
| Clarksburg, MD | 20,338 | $174,842 | 4.0%/yr | 4.8% | 0.525 |
| Gaithersburg, MD | 71,117 | $106,919 | 3.6%/yr | 5.2% | 0.540 |
| Montgomery Village, MD | 25,048 | $94,841 | 3.0%/yr | 6.6% | 0.545 |
Conclusion
Considering all these factors, Germantown, Maryland has an overall wealth index grade of B, making it somewhat better than Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Germantown, Maryland.
How Rich Is Germantown, Maryland?
Germantown 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 $113,177, about 9% higher than the Maryland average of $103,916.
How has median household income changed in Germantown, Maryland?
Between 2009 and 2024, the median household income in Germantown, Maryland rose 40%, from $80,927 to $113,177. Over the same years, income here lagged behind Maryland as a whole: +40% against +49%.
What was the median household income in Germantown in 2023?
In 2023, the median household income in Germantown, Maryland was $106,931, up 3% from $103,802 in 2022. The Maryland median that year was $101,974.
What was the median household income in Germantown in 2020?
In 2020, the median household income in Germantown, Maryland was $94,572. By 2024 it had risen 20% to $113,177.
What is the Gini coefficient in Germantown, Maryland?
The Gini coefficient in Germantown is 0.546. 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 Germantown, Maryland?
Since 2009, the income gap between men and women in Germantown, Maryland has widened from about 13% to 14% in 2024. Over that period the gap was widest at 15% in 2022, and was narrowest at 5% in 2018. In dollar terms, the gap has widened by $4,890 since 2009.
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