Laurel, Maryland Income Statistics
Laurel 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
Laurel Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,945 | $103,916 | $80,455 |
| Median Personal Income | $65,912 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 18.8% | 20.7% | 13.9% |
| $200k+ Households | 12.8% | 20.3% | 13.2% |
The median household income in Laurel is about 8% lower than in Maryland. Income has been growing faster in Laurel (4.6%/yr) than in Maryland (4.0%/yr).
About 19% of adults in Laurel 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 Laurel, Maryland grew by 48.5% from 2009 to 2024, reaching $95,945 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Laurel
| Metric | Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.494 | 0.534 | 0.552 |
| Male Median Income | $70,988 | $84,327 | $69,667 |
| Female Median Income | $70,122 | $72,201 | $56,850 |
| Gender Pay Gap | 1.2% | 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 Laurel, it is 0.494, 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 1% more than women's income in Laurel, Maryland. Over a 35-year career, a 1% wage gap accumulates to roughly $30,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Laurel, Maryland has narrowed from about 9% to 1% in 2024. Over that period the gap in 2015 women out-earned men by 5%. In dollar terms, the gap has narrowed by $3,613 since 2009.
Employment
| Metric | Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 15.8% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 647 people are unemployed in Laurel, Maryland.
The average commute time in Laurel is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Laurel, Maryland has fallen from 5.2% to 4.2% in 2024. Over that period the rate peaked at 8.0% in 2016.
Laurel, MD Wealth Compared With Nearby Cities
How Laurel, MD compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Laurel, MD | 25,209 | $95,945 #2/3 | 4.6%/yr #1/3 | 4.2% #2/3 | 0.494 #1/3 |
| North Laurel, MD | 23,968 | $118,897 | 3.3%/yr | 2.7% | 0.517 |
| South Laurel, MD | 30,999 | $92,261 | 3.0%/yr | 7.1% | 0.508 |
Conclusion
Considering all these factors, Laurel, Maryland has an overall wealth index grade of B, making it about on par with Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Laurel, Maryland.
How Rich Is Laurel, Maryland?
Laurel 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 $95,945, about 8% lower than the Maryland average of $103,916.
Are incomes growing in Laurel, Maryland?
Between 2009 and 2024, the median household income in Laurel, Maryland rose 49%, from $64,594 to $95,945. Over the same years, income here kept pace with Maryland as a whole: +49% against +49%.
What was the median household income in Laurel in 2023?
In 2023, the median household income in Laurel, Maryland was $89,627, up 3% from $87,039 in 2022. The Maryland median that year was $101,974.
What was the median household income in Laurel in 2020?
In 2020, the median household income in Laurel, Maryland was $74,560. By 2024 it had risen 29% to $95,945.
What is the Gini coefficient in Laurel, Maryland?
The Gini coefficient in Laurel is 0.494. 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 Laurel, Maryland?
Since 2009, the income gap between men and women in Laurel, Maryland has narrowed from about 9% to 1% in 2024. Over that period the gap in 2015 women out-earned men by 5%. In dollar terms, the gap has narrowed by $3,613 since 2009.
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