North Laurel, Maryland Income Statistics
North 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.
-
A
North Laurel Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | North Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,897 | $103,916 | $80,455 |
| Median Personal Income | $77,691 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.0% | 4.8% |
| Six-Figure Earners | 21.5% | 20.7% | 13.9% |
| $200k+ Households | 24.6% | 20.3% | 13.2% |
The median household income in North Laurel is about 14% higher than in Maryland. Income has been growing slower in North Laurel (3.3%/yr) than in Maryland (4.0%/yr).
About 22% of adults in North Laurel 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 North Laurel, Maryland grew by 53.2% from 2009 to 2024, reaching $118,897 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in North Laurel
| Metric | North Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.534 | 0.552 |
| Male Median Income | $77,559 | $84,327 | $69,667 |
| Female Median Income | $73,584 | $72,201 | $56,850 |
| Gender Pay Gap | 5.1% | 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 North Laurel, it is 0.517, 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 5% more than women's income in North Laurel, Maryland. Over a 35-year career, a 5% wage gap accumulates to roughly $139,125 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Laurel, Maryland has narrowed from about 20% to 5% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 0% in 2023. In dollar terms, the gap has narrowed by $8,548 since 2009.
Employment
| Metric | North Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.8% | 5.2% |
| Working from Home | 20.4% | 19.3% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 377 people are unemployed in North Laurel, Maryland.
The average commute time in North Laurel is 27 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Laurel, Maryland has fallen from 4.0% to 2.7% in 2024. Over that period the rate peaked at 6.5% in 2016.
North Laurel, MD Wealth Compared With Nearby Cities
How North Laurel, MD compares with the 1 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. |
|---|---|---|---|---|---|
| North Laurel, MD | 23,968 | $118,897 #1/2 | 3.3%/yr #2/2 | 2.7% #1/2 | 0.517 #2/2 |
| Laurel, MD | 25,209 | $95,945 | 4.6%/yr | 4.2% | 0.494 |
Conclusion
Considering all these factors, North Laurel, 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 North Laurel, Maryland.
How Rich Is North Laurel, Maryland?
North Laurel 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 $118,897, about 14% higher than the Maryland average of $103,916.
How has median household income changed in North Laurel, Maryland?
Between 2009 and 2024, the median household income in North Laurel, Maryland rose 53%, from $77,612 to $118,897. Over the same years, income here outpaced Maryland as a whole: +53% against +49%.
What was the median household income in North Laurel in 2023?
In 2023, the median household income in North Laurel, Maryland was $113,704, up 2% from $111,998 in 2022. The Maryland median that year was $101,974.
What was the median household income in North Laurel in 2020?
In 2020, the median household income in North Laurel, Maryland was $102,317. By 2024 it had risen 16% to $118,897.
Is it hard to find a job in North Laurel, Maryland?
Unemployment in North Laurel, Maryland is only 2.7%, 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 North Laurel, Maryland?
The Gini coefficient in North Laurel is 0.517. 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 North Laurel, Maryland?
Since 2009, the income gap between men and women in North Laurel, Maryland has narrowed from about 20% to 5% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 0% in 2023. In dollar terms, the gap has narrowed by $8,548 since 2009.
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