Montgomery County, Maryland Income Statistics
Montgomery County Wealth Score
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.
-
A
Montgomery County Above averageAmong the top 3 wealthiest counties in Maryland
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $132,324 | $103,916 | $80,455 |
| Median Personal Income | $92,830 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.0% | 4.8% |
| Six-Figure Earners | 28.6% | 20.7% | 13.9% |
| $200k+ Households | 31.1% | 20.3% | 13.2% |
The median household income in Montgomery County is about 27% higher than in Maryland. Income has been growing slower in Montgomery County (3.5%/yr) than in Maryland (4.0%/yr).
About 29% of adults in Montgomery County 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 Montgomery County, Maryland grew by 42.7% from 2009 to 2024, reaching $132,324 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.525 | 0.534 | 0.552 |
| Male Median Income | $102,189 | $84,327 | $69,667 |
| Female Median Income | $88,423 | $72,201 | $56,850 |
| Gender Pay Gap | 13.5% | 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 Montgomery County, it is 0.525, 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 16% more than women's income in Montgomery County, Maryland. Over a 35-year career, a 16% wage gap accumulates to roughly $481,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Maryland has narrowed from about 23% to 13% in 2024. In dollar terms, the gap has narrowed by $3,140 since 2009.
Employment
| Metric | Montgomery County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 28.3% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 29,115 people are unemployed in Montgomery County, Maryland.
The average commute time in Montgomery County is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Maryland has fallen from 5.7% to 4.9% in 2024. Over that period the rate peaked at 6.4% in 2014 and fell as low as 4.4% in 2019.
Montgomery County, MD Wealth Compared With Nearby Counties
Montgomery County, MD is the largest of the 4 counties compared here, 1,065,586 residents against a local median of 336,328. The measure that sets Montgomery County, MD apart most is unemployment: 4.9%, 42% above the local median of 3.4%. That is the weaker end of the local range on this measure.
The counties themselves spread 3.1% on unemployment, so Montgomery County, MD sits at one end of an already wide local range rather than apart from it. Montgomery County, MD has the 3rd lowest unemployment of the 4 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. |
|---|---|---|---|---|---|
| Montgomery County, MD | 1,065,586 | $132,324 #3/4 | 3.5%/yr #2/4 | 4.9% #3/4 | 0.525 #4/4 |
| Arlington County, VA | 236,150 | $141,911 | 3.2%/yr | 3.2% | 0.449 |
| Howard County, MD | 336,328 | $149,813 | 3.4%/yr | 3.4% | 0.507 |
| District of Columbia, DC | 678,314 | $110,571 | 5.3%/yr | 6.3% | 0.501 |
Conclusion
Considering all these factors, Montgomery County, Maryland has an overall wealth index grade of A, making it somewhat better than Maryland, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, Maryland.
How Rich Is Montgomery County, Maryland?
Montgomery County 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 residents are much better off than the U.S. average. The median household income is $132,324, about 27% higher than the Maryland average of $103,916.
Are incomes growing in Montgomery County, Maryland?
Between 2009 and 2024, the median household income in Montgomery County, Maryland rose 43%, from $92,696 to $132,324. Over the same years, income here lagged behind Maryland as a whole: +43% against +49%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Maryland was $129,002, up 3% from $125,590 in 2022. The Maryland median that year was $101,974.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Maryland was $112,561. By 2024 it had risen 18% to $132,324.
Do many residents of Montgomery County, Maryland earn over $100,000?
Yes. 29% of adults in Montgomery County, Maryland earn $100,000 or more a year (about 1 in 4), against 21% (about 1 in 5) in Maryland. 31% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
What is the Gini coefficient in Montgomery County, Maryland?
The Gini coefficient in Montgomery County is 0.525. 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 Montgomery County, Maryland?
Since 2009, the income gap between men and women in Montgomery County, Maryland has narrowed from about 23% to 13% in 2024. In dollar terms, the gap has narrowed by $3,140 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 →