Pikesville, Maryland Income Statistics
Pikesville 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
Pikesville Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $99,450 | $103,916 | $80,455 |
| Median Personal Income | $86,529 | $75,715 | $60,758 |
| Average Yearly Income Growth | 2.8% | 4.0% | 4.8% |
| Six-Figure Earners | 24.4% | 20.7% | 13.9% |
| $200k+ Households | 21.8% | 20.3% | 13.2% |
The median household income in Pikesville is about 4% lower than in Maryland. Income has been growing slower in Pikesville (2.8%/yr) than in Maryland (4.0%/yr).
About 24% of adults in Pikesville 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 Pikesville, Maryland grew by 36.6% from 2009 to 2024, reaching $99,450 in 2024. That's an average of about 2.8% per year.
Income Inequality and the Gender Pay Gap in Pikesville
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.534 | 0.552 |
| Male Median Income | $105,802 | $84,327 | $69,667 |
| Female Median Income | $87,067 | $72,201 | $56,850 |
| Gender Pay Gap | 17.7% | 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 Pikesville, it is 0.542, higher than Maryland's 0.534, so income is less 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 Pikesville, Maryland. Over a 35-year career, a 22% wage gap accumulates to roughly $655,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pikesville, Maryland has narrowed from about 30% to 18% in 2024. Over that period the gap was widest at 33% in 2018, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $3,341 since 2009.
Employment
| Metric | Pikesville | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.8% | 5.2% |
| Working from Home | 24.4% | 19.3% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 655 people are unemployed in Pikesville, Maryland.
The average commute time in Pikesville is 22 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pikesville, Maryland has fallen from 4.5% to 4.2% in 2024. Over that period the rate peaked at 5.4% in 2014 and fell as low as 3.6% in 2019.
Pikesville, MD Wealth Compared With Nearby Cities
Pikesville, MD is typical in size for this group, 32,882 residents against a local median of 30,831, so the measures below are close to a like for like comparison. Pikesville, MD's median household income, at $99,450, runs 34% above the $74,424 typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.2% against a local median of 5.8%, 27% below it. Every measure here with a clear better direction points the same way, so Pikesville, MD is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread $30,442 on median household income, so Pikesville, MD sits at one end of an already wide local range rather than apart from it. Pikesville, MD has the 2nd 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. |
|---|---|---|---|---|---|
| Pikesville, MD | 32,882 | $99,450 #2/4 | 2.8%/yr #2/4 | 4.2% #1/4 | 0.542 #2/4 |
| Lochearn, MD | 26,493 | $74,424 | 2.8%/yr | 5.8% | 0.544 |
| Milford Mill, MD | 30,831 | $70,509 | 1.1%/yr | 6.7% | 0.499 |
| Towson, MD | 60,458 | $100,951 | 3.2%/yr | 4.9% | 0.570 |
Conclusion
Considering all these factors, Pikesville, 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 Pikesville, Maryland.
How Rich Is Pikesville, Maryland?
Pikesville 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 $99,450, about 4% lower than the Maryland average of $103,916.
How fast is household income rising in Pikesville, Maryland?
Between 2009 and 2024, the median household income in Pikesville, Maryland rose 37%, from $72,809 to $99,450. Over the same years, income here lagged behind Maryland as a whole: +37% against +49%.
What was the median household income in Pikesville in 2023?
In 2023, the median household income in Pikesville, Maryland was $96,251, up 3% from $93,618 in 2022. The Maryland median that year was $101,974.
What was the median household income in Pikesville in 2020?
In 2020, the median household income in Pikesville, Maryland was $88,583. By 2024 it had risen 12% to $99,450.
What is the Gini coefficient in Pikesville, Maryland?
The Gini coefficient in Pikesville is 0.542. 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 Pikesville, Maryland?
Since 2009, the income gap between men and women in Pikesville, Maryland has narrowed from about 30% to 18% in 2024. Over that period the gap was widest at 33% in 2018, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $3,341 since 2009.
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