Wealth Index
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.
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Income Statistics Overview
| Metric | Somerset County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,904 | $101,971 | $78,145 |
| Median Personal Income | $53,904 | $101,971 | $78,145 |
| Average income growth | 6.2% | 6.2% | 6.2% |
Household Income Trend
Median Household Income Over Time
Somerset County
United States
Economic Inequality in Somerset County | Gender Pay Gap | Gini Index
| Metric | Somerset County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Index | 0.636 | 0.553 | 0.570 |
| Male Median Income | $53,316 | $81,929 | $67,746 |
| Female Median Income | $42,322 | $70,143 | $54,793 |
| Gender Pay Gap | 20.6% | 14.4% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Somerset County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.9% | 5.2% |
| Working from Home | 8.8% | 17.2% | 13.4% |
| Commute time (minutes) | 20 | 28 | 22 |
Unemployment Rate Over Time
Somerset County
United States