Severna Park, Maryland Income Statistics
Severna Park 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+
Severna Park Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Severna Park | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $174,094 | $103,916 | $80,455 |
| Median Personal Income | $110,459 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 33.1% | 20.7% | 13.9% |
| $200k+ Households | 40.9% | 20.3% | 13.2% |
The median household income in Severna Park is about 68% higher than in Maryland. Income has been growing slower in Severna Park (3.8%/yr) than in Maryland (4.0%/yr).
About 33% of adults in Severna Park 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 Severna Park, Maryland grew by 57.3% from 2009 to 2024, reaching $174,094 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Severna Park
| Metric | Severna Park | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.534 | 0.552 |
| Male Median Income | $120,480 | $84,327 | $69,667 |
| Female Median Income | $97,244 | $72,201 | $56,850 |
| Gender Pay Gap | 19.3% | 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 Severna Park, it is 0.490, 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 24% more than women's income in Severna Park, Maryland. Over a 35-year career, a 24% wage gap accumulates to roughly $813,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Severna Park, Maryland has narrowed from about 34% to 19% in 2024. Over that period the gap was widest at 41% in 2017. In dollar terms, the gap has narrowed by $6,596 since 2009.
Employment
| Metric | Severna Park | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.8% | 5.2% |
| Working from Home | 24.0% | 19.3% | 15.0% |
| Commute time (minutes) | 26 | 28 | 22 |
Approximately 558 people are unemployed in Severna Park, Maryland.
The average commute time in Severna Park is 26 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Severna Park, Maryland has fallen from 5.7% to 2.7% in 2024. Over that period the rate peaked at 7.4% in 2013.
Severna Park, MD Wealth Compared With Nearby Cities
How Severna Park, 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. |
|---|---|---|---|---|---|
| Severna Park, MD | 39,868 | $174,094 #1/3 | 3.8%/yr #3/3 | 2.7% #2/3 | 0.490 #2/3 |
| Pasadena, MD | 34,267 | $127,203 | 3.9%/yr | 1.7% | 0.482 |
| Glen Burnie, MD | 72,802 | $88,250 | 4.5%/yr | 4.6% | 0.511 |
Conclusion
Considering all these factors, Severna Park, Maryland has an overall wealth index grade of A+, making it notably better than Maryland, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Severna Park, Maryland.
How Rich Is Severna Park, Maryland?
Severna Park 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 it is one of the most prosperous areas in the country. The median household income is $174,094, about 68% higher than the Maryland average of $103,916.
Are incomes growing in Severna Park, Maryland?
Between 2009 and 2024, the median household income in Severna Park, Maryland rose 57%, from $110,667 to $174,094. Over the same years, income here outpaced Maryland as a whole: +57% against +49%.
What was the median household income in Severna Park in 2023?
In 2023, the median household income in Severna Park, Maryland was $173,469, up 3% from $168,528 in 2022. The Maryland median that year was $101,974.
What was the median household income in Severna Park in 2020?
In 2020, the median household income in Severna Park, Maryland was $151,089. By 2024 it had risen 15% to $174,094.
Do many residents of Severna Park, Maryland earn over $100,000?
Yes. 33% of adults in Severna Park, Maryland earn $100,000 or more a year (about 1 in 3), against 21% (about 1 in 5) in Maryland. 41% of households have a combined income of $200,000 or more, compared with 20% in Maryland.
How strong is the job market in Severna Park, Maryland?
Unemployment in Severna Park, Maryland is only 2.7%, 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 Severna Park, Maryland?
The Gini coefficient in Severna Park is 0.490. 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 Severna Park, Maryland?
Since 2009, the income gap between men and women in Severna Park, Maryland has narrowed from about 34% to 19% in 2024. Over that period the gap was widest at 41% in 2017. In dollar terms, the gap has narrowed by $6,596 since 2009.
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