Owings Mills, Maryland Income Statistics
Owings Mills 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
Owings Mills Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Owings Mills | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,930 | $103,916 | $80,455 |
| Median Personal Income | $68,915 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.0% | 4.8% |
| Six-Figure Earners | 17.4% | 20.7% | 13.9% |
| $200k+ Households | 10.6% | 20.3% | 13.2% |
The median household income in Owings Mills is about 8% lower than in Maryland. Income has been growing slower in Owings Mills (3.6%/yr) than in Maryland (4.0%/yr).
About 17% of adults in Owings Mills 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 Owings Mills, Maryland grew by 40.9% from 2009 to 2024, reaching $95,930 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Owings Mills
| Metric | Owings Mills | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.534 | 0.552 |
| Male Median Income | $78,860 | $84,327 | $69,667 |
| Female Median Income | $64,662 | $72,201 | $56,850 |
| Gender Pay Gap | 18.0% | 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 Owings Mills, it is 0.523, 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 22% more than women's income in Owings Mills, Maryland. Over a 35-year career, a 22% wage gap accumulates to roughly $496,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Owings Mills, Maryland has widened from about 14% to 18% in 2024. Over that period the gap in 2019 women out-earned men by 2%. In dollar terms, the gap has widened by $6,340 since 2009.
Sharply against the trend: the pay gap in Owings Mills widened by 3.6 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Owings Mills | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 19.0% | 19.3% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 1,157 people are unemployed in Owings Mills, Maryland.
The average commute time in Owings Mills is 30 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Owings Mills, Maryland has risen from 4.7% to 5.1% in 2024. Over that period the rate peaked at 6.1% in 2021.
Owings Mills, MD Wealth Compared With Nearby Cities
Owings Mills, MD is the largest of the 5 cities compared here, 38,773 residents against a local median of 28,662. Where Owings Mills, MD breaks from the cities next to it is income growth, sitting 43% above the local median of 2.5%/yr at 3.6%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 5.1% against a local median of 6.6%, 22% below it. Every measure here with a clear better direction points the same way, so Owings Mills, MD is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 3.3%/yr on income growth, so Owings Mills, MD sits at one end of an already wide local range rather than apart from it. Owings Mills, MD has the 2nd highest income growth 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. |
|---|---|---|---|---|---|
| Owings Mills, MD | 38,773 | $95,930 #1/5 | 3.6%/yr #2/5 | 5.1% #1/5 | 0.523 #2/5 |
| Randallstown, MD | 32,727 | $89,417 | 2.3%/yr | 6.4% | 0.529 |
| Reisterstown, MD | 25,579 | $89,678 | 4.4%/yr | 9.0% | 0.544 |
| Milford Mill, MD | 30,831 | $70,509 | 1.1%/yr | 6.7% | 0.499 |
| Lochearn, MD | 26,493 | $74,424 | 2.8%/yr | 5.8% | 0.544 |
Conclusion
Considering all these factors, Owings Mills, 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 Owings Mills, Maryland.
How Wealthy Is Owings Mills, Maryland?
Owings Mills 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 $95,930, about 8% lower than the Maryland average of $103,916.
Are incomes growing in Owings Mills, Maryland?
Between 2009 and 2024, the median household income in Owings Mills, Maryland rose 41%, from $68,071 to $95,930. Over the same years, income here lagged behind Maryland as a whole: +41% against +49%.
What was the median household income in Owings Mills in 2023?
In 2023, the median household income in Owings Mills, Maryland was $94,455, up 2% from $92,259 in 2022. The Maryland median that year was $101,974.
What was the median household income in Owings Mills in 2020?
In 2020, the median household income in Owings Mills, Maryland was $85,053. By 2024 it had risen 13% to $95,930.
What is the Gini coefficient in Owings Mills, Maryland?
The Gini coefficient in Owings Mills is 0.523. 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 Owings Mills, Maryland?
Since 2009, the income gap between men and women in Owings Mills, Maryland has widened from about 14% to 18% in 2024. Over that period the gap in 2019 women out-earned men by 2%. In dollar terms, the gap has widened by $6,340 since 2009.
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