Wealth Index
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.
Income Statistics Overview
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,506 | $101,971 | $78,145 |
| Median Personal Income | $40,591 | $75,680 | $61,726 |
| Average income growth | 4.9% | 4.3% | 5.1% |
| Six-Figure Earners | 3.9% | 19.8% | 13.2% |
The median household income in Langley Park is about 20% lower than in Maryland. Income has been growing faster in Langley Park (4.9%/yr) than in Maryland (4.3%/yr).
About 4% of adults in Langley Park earn six figures ($100,000 or more) a year, lower than the Maryland average of 20%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Langley Park, Maryland grew by 63.5% from 2009 to 2023, reaching $81,506 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Langley Park | Gender Pay Gap | Gini Coefficient
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.553 | 0.570 |
| Male Median Income | $43,851 | $81,929 | $67,746 |
| Female Median Income | $31,907 | $70,143 | $54,793 |
| Gender Pay Gap | 27.2% | 14.4% | 19.1% |
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 Langley Park, it is 0.488, lower than Maryland's 0.553, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 37% more than women's income in Langley Park, Maryland. Over a 35-year career, a 37% wage gap accumulates to roughly $418,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Langley Park, Maryland has widened from about 14% to 27% in 2023. In dollar terms, the gap has widened by $8,235 since 2009.
Employment
| Metric | Langley Park | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 4.9% | 5.2% |
| Working from Home | 2.7% | 17.2% | 13.4% |
| Commute time (minutes) | 40 | 28 | 22 |
Approximately 828 people are unemployed in Langley Park, Maryland.
The average commute time in Langley Park is 40 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Langley Park, Maryland has fallen from 13.9% to 7.4% in 2023.
Conclusion
Considering all these factors, Langley Park, 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 Langley Park, Maryland.
How Rich Is Langley Park, Maryland?
Langley Park 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 $81,506, about 20% lower than the Maryland average of $101,971.
What is the current median household income in Langley Park, Maryland?
As of 2023, the median household income in Langley Park, Maryland is $81,506.
What was the median household income in Langley Park in 2023?
In 2023, the median household income in Langley Park, Maryland was $81,506.
What was the median household income in Langley Park in 2020?
In 2020, the median household income in Langley Park, Maryland was $62,122.
What is the Gini coefficient in Langley Park, Maryland?
The Gini coefficient in Langley Park is 0.488. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Langley Park, Maryland?
Since 2009, the income gap between men and women in Langley Park, Maryland has widened from about 14% to 27% in 2023. In dollar terms, the gap has widened by $8,235 since 2009.