South Laurel, Maryland Income Statistics
South Laurel 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.
-
B
South Laurel Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | South Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,261 | $103,916 | $80,455 |
| Median Personal Income | $63,394 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.0% | 4.8% |
| Six-Figure Earners | 16.8% | 20.7% | 13.9% |
| $200k+ Households | 14.5% | 20.3% | 13.2% |
The median household income in South Laurel is about 11% lower than in Maryland. Income has been growing slower in South Laurel (3.0%/yr) than in Maryland (4.0%/yr).
About 17% of adults in South Laurel earn six figures ($100,000 or more) a year, lower than the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in South Laurel, Maryland grew by 36.2% from 2009 to 2024, reaching $92,261 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in South Laurel
| Metric | South Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.534 | 0.552 |
| Male Median Income | $64,671 | $84,327 | $69,667 |
| Female Median Income | $67,928 | $72,201 | $56,850 |
| Gender Pay Gap | -5.0% | 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 South Laurel, it is 0.508, 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.
Women's income is about 5% more than men's income in South Laurel, Maryland. Over a 35-year career, a 5% wage gap accumulates to roughly $113,995 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in South Laurel, Maryland has narrowed from about 7% to -5% in 2024. Over that period the gap was widest at 20% in 2020. In dollar terms, the gap has narrowed by $6,776 since 2009.
Employment
| Metric | South Laurel | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 4.8% | 5.2% |
| Working from Home | 14.6% | 19.3% | 15.0% |
| Commute time (minutes) | 31 | 28 | 22 |
Approximately 1,291 people are unemployed in South Laurel, Maryland.
The average commute time in South Laurel is 31 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in South Laurel, Maryland has risen from 5.7% to 7.1% in 2024. Over that period the rate peaked at 7.5% in 2013 and fell as low as 4.7% in 2020.
South Laurel, MD Wealth Compared With Nearby Cities
How South Laurel, 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. |
|---|---|---|---|---|---|
| South Laurel, MD | 30,999 | $92,261 #3/3 | 3.0%/yr #3/3 | 7.1% #3/3 | 0.508 #2/3 |
| Laurel, MD | 25,209 | $95,945 | 4.6%/yr | 4.2% | 0.494 |
| North Laurel, MD | 23,968 | $118,897 | 3.3%/yr | 2.7% | 0.517 |
Conclusion
Considering all these factors, South Laurel, Maryland has an overall wealth index grade of B, making it about on par with Maryland, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in South Laurel, Maryland.
How Rich Is South Laurel, Maryland?
South Laurel has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $92,261, about 11% lower than the Maryland average of $103,916.
How has median household income changed in South Laurel, Maryland?
Between 2009 and 2024, the median household income in South Laurel, Maryland rose 36%, from $67,732 to $92,261. Over the same years, income here lagged behind Maryland as a whole: +36% against +49%.
What was the median household income in South Laurel in 2023?
In 2023, the median household income in South Laurel, Maryland was $90,534, up 2% from $88,515 in 2022. The Maryland median that year was $101,974.
What was the median household income in South Laurel in 2020?
In 2020, the median household income in South Laurel, Maryland was $79,679. By 2024 it had risen 16% to $92,261.
Is unemployment high in South Laurel, Maryland?
Unemployment in South Laurel, Maryland is 7.1%, well above the Maryland rate of 4.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in South Laurel, Maryland?
The Gini coefficient in South Laurel is 0.508. 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 South Laurel, Maryland?
Since 2009, the income gap between men and women in South Laurel, Maryland has narrowed from about 7% to -5% in 2024. Over that period the gap was widest at 20% in 2020. In dollar terms, the gap has narrowed by $6,776 since 2009.
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