Lochearn, Maryland Income Statistics
Lochearn 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.
-
B
Lochearn Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,424 | $103,916 | $80,455 |
| Median Personal Income | $56,912 | $75,715 | $60,758 |
| Average Yearly Income Growth | 2.8% | 4.0% | 4.8% |
| Six-Figure Earners | 13.1% | 20.7% | 13.9% |
| $200k+ Households | 9.7% | 20.3% | 13.2% |
The median household income in Lochearn is about 28% lower than in Maryland. Income has been growing slower in Lochearn (2.8%/yr) than in Maryland (4.0%/yr).
About 13% of adults in Lochearn 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 Lochearn, Maryland grew by 37.4% from 2009 to 2024, reaching $74,424 in 2024. That's an average of about 2.8% per year.
Income Inequality and the Gender Pay Gap in Lochearn
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.534 | 0.552 |
| Male Median Income | $65,541 | $84,327 | $69,667 |
| Female Median Income | $57,705 | $72,201 | $56,850 |
| Gender Pay Gap | 12.0% | 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 Lochearn, it is 0.544, 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 14% more than women's income in Lochearn, Maryland. Over a 35-year career, a 14% wage gap accumulates to roughly $274,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lochearn, Maryland has widened from about 11% to 12% in 2024. Over that period the gap was widest at 16% in 2012, and in 2019 women out-earned men by 0%. In dollar terms, the gap has widened by $2,798 since 2009.
Sharply against the trend: the pay gap in Lochearn widened by 0.9 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Lochearn | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 10.5% | 19.3% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 773 people are unemployed in Lochearn, Maryland.
The average commute time in Lochearn is 27 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lochearn, Maryland has fallen from 7.5% to 5.8% in 2024. Over that period the rate peaked at 9.8% in 2013 and fell as low as 5.4% in 2020.
Lochearn, MD Wealth Compared With Nearby Cities
Lochearn, MD is the smallest of the 5 cities compared here, 26,493 residents against a local median of 32,804. Nothing separates Lochearn, 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 median household income, 14% below the local median at $74,424 against $86,824. Lochearn, MD has the 4th highest median household income 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. |
|---|---|---|---|---|---|
| Lochearn, MD | 26,493 | $74,424 #4/5 | 2.8%/yr #3/5 | 5.8% #2/5 | 0.544 #5/5 |
| Milford Mill, MD | 30,831 | $70,509 | 1.1%/yr | 6.7% | 0.499 |
| Woodlawn, MD | 40,959 | $84,232 | 3.4%/yr | 6.2% | 0.528 |
| Pikesville, MD | 32,882 | $99,450 | 2.8%/yr | 4.2% | 0.542 |
| Randallstown, MD | 32,727 | $89,417 | 2.3%/yr | 6.4% | 0.529 |
Conclusion
Considering all these factors, Lochearn, Maryland has an overall wealth index grade of B, making it somewhat worse than Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lochearn, Maryland.
How Rich Is Lochearn, Maryland?
Lochearn 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 $74,424, about 28% lower than the Maryland average of $103,916.
How fast is household income rising in Lochearn, Maryland?
Between 2009 and 2024, the median household income in Lochearn, Maryland rose 37%, from $54,150 to $74,424. Over the same years, income here lagged behind Maryland as a whole: +37% against +49%.
What was the median household income in Lochearn in 2023?
In 2023, the median household income in Lochearn, Maryland was $75,485, up 9% from $69,547 in 2022. The Maryland median that year was $101,974.
What was the median household income in Lochearn in 2020?
In 2020, the median household income in Lochearn, Maryland was $65,195. By 2024 it had risen 14% to $74,424.
What is the Gini coefficient in Lochearn, Maryland?
The Gini coefficient in Lochearn is 0.544. 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 Lochearn, Maryland?
Since 2009, the income gap between men and women in Lochearn, Maryland has widened from about 11% to 12% in 2024. Over that period the gap was widest at 16% in 2012, and in 2019 women out-earned men by 0%. In dollar terms, the gap has widened by $2,798 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →