North Potomac, Maryland Income Statistics
North Potomac 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 Potomac Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | North Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $183,530 | $103,916 | $80,455 |
| Median Personal Income | $115,829 | $75,715 | $60,758 |
| Average Yearly Income Growth | 2.5% | 4.0% | 4.8% |
| Six-Figure Earners | 34.4% | 20.7% | 13.9% |
| $200k+ Households | 45.1% | 20.3% | 13.2% |
The median household income in North Potomac is about 77% higher than in Maryland. Income has been growing slower in North Potomac (2.5%/yr) than in Maryland (4.0%/yr).
About 34% of adults in North Potomac 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 Potomac, Maryland grew by 25.0% from 2009 to 2024, reaching $183,530 in 2024. That's an average of about 2.5% per year.
Income Inequality and the Gender Pay Gap in North Potomac
| Metric | North Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.525 | 0.534 | 0.552 |
| Male Median Income | $127,647 | $84,327 | $69,667 |
| Female Median Income | $109,503 | $72,201 | $56,850 |
| Gender Pay Gap | 14.2% | 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 North Potomac, 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 17% more than women's income in North Potomac, Maryland. Over a 35-year career, a 17% wage gap accumulates to roughly $635,040 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Potomac, Maryland has narrowed from about 37% to 14% in 2024. Over that period the gap was narrowest at 14% in 2023. In dollar terms, the gap has narrowed by $24,262 since 2009.
Employment
| Metric | North Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 39.2% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 518 people are unemployed in North Potomac, Maryland.
The average commute time in North Potomac is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Potomac, Maryland has fallen from 4.4% to 4.1% in 2024. Over that period the rate peaked at 5.7% in 2013 and fell as low as 2.5% in 2018.
North Potomac, MD Wealth Compared With Nearby Cities
How North Potomac, 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. |
|---|---|---|---|---|---|
| North Potomac, MD | 23,845 | $183,530 #1/3 | 2.5%/yr #3/3 | 4.1% #2/3 | 0.525 #2/3 |
| Gaithersburg, MD | 71,117 | $106,919 | 3.6%/yr | 5.2% | 0.540 |
| Rockville, MD | 60,580 | $128,971 | 3.1%/yr | 3.9% | 0.522 |
Conclusion
Considering all these factors, North Potomac, Maryland has an overall wealth index grade of A+, making it far better than Maryland, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in North Potomac, Maryland.
How Rich Is North Potomac, Maryland?
North Potomac 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 it is one of the most prosperous areas in the country. The median household income is $183,530, about 77% higher than the Maryland average of $103,916.
How has median household income changed in North Potomac, Maryland?
Between 2009 and 2024, the median household income in North Potomac, Maryland rose 25%, from $146,853 to $183,530. Over the same years, income here lagged behind Maryland as a whole: +25% against +49%.
What was the median household income in North Potomac in 2023?
In 2023, the median household income in North Potomac, Maryland was $188,328, up 4% from $181,795 in 2022. The Maryland median that year was $101,974.
What was the median household income in North Potomac in 2020?
In 2020, the median household income in North Potomac, Maryland was $170,304. By 2024 it had risen 8% to $183,530.
Do many residents of North Potomac, Maryland earn over $100,000?
Yes. 34% of adults in North Potomac, Maryland earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Maryland. 45% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
What is the Gini coefficient in North Potomac, Maryland?
The Gini coefficient in North Potomac 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 North Potomac, Maryland?
Since 2009, the income gap between men and women in North Potomac, Maryland has narrowed from about 37% to 14% in 2024. Over that period the gap was narrowest at 14% in 2023. In dollar terms, the gap has narrowed by $24,262 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 →