Wealth Index
Wealthier than 74% of counties in Maryland
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $112,489 | $101,971 | $78,145 |
| Median Personal Income | $78,035 | $75,680 | $61,726 |
| Average income growth | 3.8% | 4.3% | 5.1% |
| Six-Figure Earners | 20.1% | 19.8% | 13.2% |
The median household income in Queen Anne's County is about 10% higher than in Maryland. Income has been growing slower in Queen Anne's County (3.8%/yr) than in Maryland (4.3%/yr).
About 20% of adults in Queen Anne's County earn six figures ($100,000 or more) a year, about the same as the Maryland average of 20%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Queen Anne's County, Maryland grew by 43.2% from 2009 to 2023, reaching $112,489 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Queen Anne's County | Gender Pay Gap | Gini Coefficient
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.553 | 0.570 |
| Male Median Income | $89,703 | $81,929 | $67,746 |
| Female Median Income | $66,909 | $70,143 | $54,793 |
| Gender Pay Gap | 25.4% | 14.4% | 19.1% |
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 Queen Anne's County, it is 0.531, lower than Maryland's 0.553, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in Queen Anne's County, Maryland. Over a 35-year career, a 34% wage gap accumulates to roughly $797,790 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Queen Anne's County, Maryland has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $8,764 since 2009.
Employment
| Metric | Queen Anne's County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.9% | 5.2% |
| Working from Home | 13.5% | 17.2% | 13.4% |
| Commute time (minutes) | 28 | 28 | 22 |
Approximately 1,032 people are unemployed in Queen Anne's County, Maryland.
The average commute time in Queen Anne's County is 28 minutes, about the same as in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Queen Anne's County, Maryland has fallen from 6.7% to 3.7% in 2023.
Conclusion
Considering all these factors, Queen Anne's County, 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 Queen Anne's County, Maryland.
How Rich Is Queen Anne's County, Maryland?
Queen Anne's County 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 $112,489, about 10% higher than the Maryland average of $101,971.
What is the current median household income in Queen Anne's County, Maryland?
As of 2023, the median household income in Queen Anne's County, Maryland is $112,489.
What was the median household income in Queen Anne's County in 2023?
In 2023, the median household income in Queen Anne's County, Maryland was $112,489.
What was the median household income in Queen Anne's County in 2020?
In 2020, the median household income in Queen Anne's County, Maryland was $95,896.
What is the Gini coefficient in Queen Anne's County, Maryland?
The Gini coefficient in Queen Anne's County is 0.531. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Queen Anne's County, Maryland?
The income gap between men and women in Queen Anne's County, Maryland has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $8,764 since 2009.