Ilchester, Maryland Income Statistics
Ilchester 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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A+
Ilchester Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $151,912 | $103,916 | $80,455 |
| Median Personal Income | $96,365 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.0% | 4.8% |
| Six-Figure Earners | 30.3% | 20.7% | 13.9% |
| $200k+ Households | 36.7% | 20.3% | 13.2% |
The median household income in Ilchester is about 46% higher than in Maryland. Income has been growing slower in Ilchester (3.2%/yr) than in Maryland (4.0%/yr).
About 30% of adults in Ilchester 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 Ilchester, Maryland grew by 35.9% from 2009 to 2024, reaching $151,912 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Ilchester
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.534 | 0.552 |
| Male Median Income | $113,334 | $84,327 | $69,667 |
| Female Median Income | $84,858 | $72,201 | $56,850 |
| Gender Pay Gap | 25.1% | 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 Ilchester, it is 0.503, 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 34% more than women's income in Ilchester, Maryland. Over a 35-year career, a 34% wage gap accumulates to roughly $996,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ilchester, Maryland has narrowed from about 33% to 25% in 2024. Over that period the gap was narrowest at 19% in 2022. In dollar terms, the gap has widened by $918 since 2009.
Employment
| Metric | Ilchester | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.0% | 4.8% | 5.2% |
| Working from Home | 27.7% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 490 people are unemployed in Ilchester, Maryland.
The average commute time in Ilchester is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ilchester, Maryland has fallen from 3.4% to 3.0% in 2024. Over that period the rate peaked at 4.8% in 2014 and fell as low as 2.3% in 2023.
Ilchester, MD Wealth Compared With Nearby Cities
Ilchester, MD is the 3rd largest of the 5 cities compared here, 28,356 residents against a local median of 34,082. The measure that sets Ilchester, MD apart most is income growth: 3.2%/yr, 24% below the local median of 4.3%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 3.0% against a local median of 3.9%, 23% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Ilchester, MD is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 1.5%/yr on income growth, so Ilchester, MD sits at one end of an already wide local range rather than apart from it. Ilchester, MD has the 5th highest income growth of the 5 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. |
|---|---|---|---|---|---|
| Ilchester, MD | 28,356 | $151,912 #2/5 | 3.2%/yr #5/5 | 3.0% #1/5 | 0.503 #1/5 |
| Elkridge, MD | 24,792 | $139,900 | 5.0%/yr | 5.1% | 0.509 |
| Catonsville, MD | 43,371 | $114,422 | 4.6%/yr | 4.0% | 0.543 |
| Arbutus, MD | 22,506 | $98,151 | 4.0%/yr | 3.8% | 0.524 |
| Ellicott City, MD | 66,776 | $156,960 | 3.5%/yr | 3.2% | 0.522 |
Conclusion
Considering all these factors, Ilchester, Maryland has an overall wealth index grade of A+, making it notably better than Maryland, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ilchester, Maryland.
How Wealthy Is Ilchester, Maryland?
Ilchester 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 it is one of the most prosperous areas in the country. The median household income is $151,912, about 46% higher than the Maryland average of $103,916.
Are incomes growing in Ilchester, Maryland?
Between 2009 and 2024, the median household income in Ilchester, Maryland rose 36%, from $111,783 to $151,912. Over the same years, income here lagged behind Maryland as a whole: +36% against +49%.
What was the median household income in Ilchester in 2023?
In 2023, the median household income in Ilchester, Maryland was $150,904, about the same as in 2022. The Maryland median that year was $101,974.
What was the median household income in Ilchester in 2020?
In 2020, the median household income in Ilchester, Maryland was $124,492. By 2024 it had risen 22% to $151,912.
How many people earn six figures in Ilchester, Maryland?
Yes. 30% of adults in Ilchester, Maryland earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Maryland. 37% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
Is it hard to find a job in Ilchester, Maryland?
Unemployment in Ilchester, Maryland is only 3.0%, 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 Ilchester, Maryland?
The Gini coefficient in Ilchester is 0.503. 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 Ilchester, Maryland?
Since 2009, the income gap between men and women in Ilchester, Maryland has narrowed from about 33% to 25% in 2024. Over that period the gap was narrowest at 19% in 2022. In dollar terms, the gap has widened by $918 since 2009.
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