Severn, Maryland Income Statistics
Severn 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
Severn Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $130,408 | $103,916 | $80,455 |
| Median Personal Income | $82,840 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.0% | 4.8% |
| Six-Figure Earners | 25.2% | 20.7% | 13.9% |
| $200k+ Households | 26.9% | 20.3% | 13.2% |
The median household income in Severn is about 25% higher than in Maryland. Income has been growing slower in Severn (3.9%/yr) than in Maryland (4.0%/yr).
About 25% of adults in Severn 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 Severn, Maryland grew by 50.3% from 2009 to 2024, reaching $130,408 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Severn
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.534 | 0.552 |
| Male Median Income | $94,022 | $84,327 | $69,667 |
| Female Median Income | $72,948 | $72,201 | $56,850 |
| Gender Pay Gap | 22.4% | 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 Severn, 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 29% more than women's income in Severn, Maryland. Over a 35-year career, a 29% wage gap accumulates to roughly $737,590 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Severn, Maryland has narrowed from about 27% to 22% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $3,136 since 2009.
Employment
| Metric | Severn | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.8% | 5.2% |
| Working from Home | 16.8% | 19.3% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 1,517 people are unemployed in Severn, Maryland.
The average commute time in Severn is 22 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Severn, Maryland has fallen from 7.2% to 4.7% in 2024. Over that period the rate peaked at 8.1% in 2013 and fell as low as 4.0% in 2019.
Severn, MD Wealth Compared With Nearby Cities
How Severn, MD compares with the 2 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. |
|---|---|---|---|---|---|
| Severn, MD | 56,321 | $130,408 #2/3 | 3.9%/yr #3/3 | 4.7% #2/3 | 0.503 #2/3 |
| Odenton, MD | 41,509 | $130,224 | 4.2%/yr | 2.8% | 0.481 |
| Elkridge, MD | 24,792 | $139,900 | 5.0%/yr | 5.1% | 0.509 |
Conclusion
Considering all these factors, Severn, 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 Severn, Maryland.
How Rich Is Severn, Maryland?
Severn 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 $130,408, about 25% higher than the Maryland average of $103,916.
Are incomes growing in Severn, Maryland?
Between 2009 and 2024, the median household income in Severn, Maryland rose 50%, from $86,738 to $130,408. Over the same years, income here outpaced Maryland as a whole: +50% against +49%.
What was the median household income in Severn in 2023?
In 2023, the median household income in Severn, Maryland was $128,320, up 3% from $125,035 in 2022. The Maryland median that year was $101,974.
What was the median household income in Severn in 2020?
In 2020, the median household income in Severn, Maryland was $109,113. By 2024 it had risen 20% to $130,408.
What is the Gini coefficient in Severn, Maryland?
The Gini coefficient in Severn 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 Severn, Maryland?
Since 2009, the income gap between men and women in Severn, Maryland has narrowed from about 27% to 22% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 15% in 2014. In dollar terms, the gap has widened by $3,136 since 2009.
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