Hagerstown, Maryland Income Statistics
Hagerstown 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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D
Hagerstown Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hagerstown | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,965 | $103,916 | $80,455 |
| Median Personal Income | $48,233 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.1% | 4.0% | 4.8% |
| Six-Figure Earners | 6.8% | 20.7% | 13.9% |
| $200k+ Households | 3.0% | 20.3% | 13.2% |
The median household income in Hagerstown is about 49% lower than in Maryland. Income has been growing slower in Hagerstown (3.1%/yr) than in Maryland (4.0%/yr).
About 7% of adults in Hagerstown 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 Hagerstown, Maryland grew by 40.2% from 2009 to 2024, reaching $52,965 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Hagerstown
| Metric | Hagerstown | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.534 | 0.552 |
| Male Median Income | $56,400 | $84,327 | $69,667 |
| Female Median Income | $46,306 | $72,201 | $56,850 |
| Gender Pay Gap | 17.9% | 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 Hagerstown, it is 0.539, about the same as Maryland's 0.534, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Hagerstown, Maryland. Over a 35-year career, a 22% wage gap accumulates to roughly $353,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hagerstown, Maryland has narrowed from about 27% to 18% in 2024. Over that period the gap was narrowest at 14% in 2016. In dollar terms, the gap has narrowed by $1,071 since 2009.
Employment
| Metric | Hagerstown | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 4.8% | 5.2% |
| Working from Home | 9.9% | 19.3% | 15.0% |
| Commute time (minutes) | 18 | 28 | 22 |
Approximately 1,195 people are unemployed in Hagerstown, Maryland.
The average commute time in Hagerstown is 18 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hagerstown, Maryland has fallen from 9.9% to 6.8% in 2024. Over that period the rate peaked at 12.2% in 2014.
Conclusion
Considering all these factors, Hagerstown, Maryland has an overall wealth index grade of D, making it somewhat worse than Maryland, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hagerstown, Maryland.
How Rich Is Hagerstown, Maryland?
Hagerstown has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $52,965, about 49% lower than the Maryland average of $103,916.
How fast is household income rising in Hagerstown, Maryland?
Between 2009 and 2024, the median household income in Hagerstown, Maryland rose 40%, from $37,786 to $52,965. Over the same years, income here lagged behind Maryland as a whole: +40% against +49%.
What was the median household income in Hagerstown in 2023?
In 2023, the median household income in Hagerstown, Maryland was $50,523, up 3% from $49,047 in 2022. The Maryland median that year was $101,974.
What was the median household income in Hagerstown in 2020?
In 2020, the median household income in Hagerstown, Maryland was $42,673. By 2024 it had risen 24% to $52,965.
Is it hard to find a job in Hagerstown, Maryland?
Unemployment in Hagerstown, Maryland is 6.8%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hagerstown, Maryland?
The Gini coefficient in Hagerstown is 0.539. 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 Hagerstown, Maryland?
Since 2009, the income gap between men and women in Hagerstown, Maryland has narrowed from about 27% to 18% in 2024. Over that period the gap was narrowest at 14% in 2016. In dollar terms, the gap has narrowed by $1,071 since 2009.
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