Parkville, Maryland Income Statistics
Parkville 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
Parkville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parkville | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,821 | $103,916 | $80,455 |
| Median Personal Income | $61,029 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 10.1% | 20.7% | 13.9% |
| $200k+ Households | 7.2% | 20.3% | 13.2% |
The median household income in Parkville is about 24% lower than in Maryland. Income has been growing slower in Parkville (3.8%/yr) than in Maryland (4.0%/yr).
About 10% of adults in Parkville 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 Parkville, Maryland grew by 53.9% from 2009 to 2024, reaching $78,821 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Parkville
| Metric | Parkville | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.534 | 0.552 |
| Male Median Income | $71,005 | $84,327 | $69,667 |
| Female Median Income | $59,481 | $72,201 | $56,850 |
| Gender Pay Gap | 16.2% | 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 Parkville, it is 0.503, 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 19% more than women's income in Parkville, Maryland. Over a 35-year career, a 19% wage gap accumulates to roughly $403,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parkville, Maryland has widened from about 11% to 16% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 2% in 2016. In dollar terms, the gap has widened by $6,526 since 2009.
Sharply against the trend: the pay gap in Parkville widened by 5.3 points while Maryland's narrowed by 5.1 points.
Employment
| Metric | Parkville | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 13.4% | 19.3% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 858 people are unemployed in Parkville, Maryland.
The average commute time in Parkville is 23 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parkville, Maryland has fallen from 8.6% to 5.0% in 2024. Over that period the rate fell as low as 4.6% in 2023.
Parkville, MD Wealth Compared With Nearby Cities
Parkville, MD is typical in size for this group, 30,547 residents against a local median of 28,224, so the measures below are close to a like for like comparison. Nothing separates Parkville, 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, 7% below the local median at $78,821 against $84,885. Parkville, MD has the 4th highest median household income 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. |
|---|---|---|---|---|---|
| Parkville, MD | 30,547 | $78,821 #4/4 | 3.8%/yr #2/4 | 5.0% #3/4 | 0.503 #1/4 |
| Carney, MD | 28,224 | $82,605 | 3.7%/yr | 3.2% | 0.509 |
| Towson, MD | 60,458 | $100,951 | 3.2%/yr | 4.9% | 0.570 |
| Rosedale, MD | 21,262 | $84,885 | 4.6%/yr | 6.6% | 0.537 |
Conclusion
Considering all these factors, Parkville, 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 Parkville, Maryland.
How Rich Is Parkville, Maryland?
Parkville 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 $78,821, about 24% lower than the Maryland average of $103,916.
Are incomes growing in Parkville, Maryland?
Between 2009 and 2024, the median household income in Parkville, Maryland rose 54%, from $51,230 to $78,821. Over the same years, income here outpaced Maryland as a whole: +54% against +49%.
What was the median household income in Parkville in 2023?
In 2023, the median household income in Parkville, Maryland was $78,650, down 3% from $80,800 in 2022. The Maryland median that year was $101,974.
What was the median household income in Parkville in 2020?
In 2020, the median household income in Parkville, Maryland was $68,482. By 2024 it had risen 15% to $78,821.
What is the Gini coefficient in Parkville, Maryland?
The Gini coefficient in Parkville is 0.503. 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 Parkville, Maryland?
Since 2009, the income gap between men and women in Parkville, Maryland has widened from about 11% to 16% in 2024. Over that period the gap was widest at 23% in 2022, and was narrowest at 2% in 2016. In dollar terms, the gap has widened by $6,526 since 2009.
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