Perry Hall, Maryland Income Statistics
Perry Hall 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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A
Perry Hall Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,182 | $103,916 | $80,455 |
| Median Personal Income | $74,736 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 20.3% | 20.7% | 13.9% |
| $200k+ Households | 17.2% | 20.3% | 13.2% |
The median household income in Perry Hall is about 7% higher than in Maryland. Income has been growing slower in Perry Hall (3.8%/yr) than in Maryland (4.0%/yr).
About 20% of adults in Perry Hall earn six figures ($100,000 or more) a year, about the same as the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Perry Hall, Maryland grew by 55.2% from 2009 to 2024, reaching $111,182 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Perry Hall
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.534 | 0.552 |
| Male Median Income | $82,697 | $84,327 | $69,667 |
| Female Median Income | $74,103 | $72,201 | $56,850 |
| Gender Pay Gap | 10.4% | 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 Perry Hall, 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 12% more than women's income in Perry Hall, Maryland. Over a 35-year career, a 12% wage gap accumulates to roughly $300,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Perry Hall, Maryland has narrowed from about 20% to 10% in 2024. Over that period the gap was widest at 23% in 2019. In dollar terms, the gap has narrowed by $2,914 since 2009.
Employment
| Metric | Perry Hall | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.0% | 4.8% | 5.2% |
| Working from Home | 16.4% | 19.3% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 330 people are unemployed in Perry Hall, Maryland.
The average commute time in Perry Hall is 27 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Perry Hall, Maryland has fallen from 3.7% to 2.0% in 2024. Over that period the rate peaked at 5.3% in 2015.
Perry Hall, MD Wealth Compared With Nearby Cities
How Perry Hall, 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. |
|---|---|---|---|---|---|
| Perry Hall, MD | 29,221 | $111,182 #1/2 | 3.8%/yr #1/2 | 2.0% #1/2 | 0.523 #2/2 |
| Carney, MD | 28,224 | $82,605 | 3.7%/yr | 3.2% | 0.509 |
Conclusion
Considering all these factors, Perry Hall, 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 Perry Hall, Maryland.
How Rich Is Perry Hall, Maryland?
Perry Hall 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 $111,182, about 7% higher than the Maryland average of $103,916.
How has median household income changed in Perry Hall, Maryland?
Between 2009 and 2024, the median household income in Perry Hall, Maryland rose 55%, from $71,629 to $111,182. Over the same years, income here outpaced Maryland as a whole: +55% against +49%.
What was the median household income in Perry Hall in 2023?
In 2023, the median household income in Perry Hall, Maryland was $109,567, up 2% from $107,270 in 2022. The Maryland median that year was $101,974.
What was the median household income in Perry Hall in 2020?
In 2020, the median household income in Perry Hall, Maryland was $92,612. By 2024 it had risen 20% to $111,182.
Is it hard to find a job in Perry Hall, Maryland?
Unemployment in Perry Hall, Maryland is only 2.0%, 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 Perry Hall, Maryland?
The Gini coefficient in Perry Hall 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 Perry Hall, Maryland?
Since 2009, the income gap between men and women in Perry Hall, Maryland has narrowed from about 20% to 10% in 2024. Over that period the gap was widest at 23% in 2019. In dollar terms, the gap has narrowed by $2,914 since 2009.
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