Talbot County, Maryland Income Statistics
Talbot County Wealth Score
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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B
Talbot County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,514 | $103,916 | $80,455 |
| Median Personal Income | $65,591 | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.0% | 4.8% |
| Six-Figure Earners | 17.4% | 20.7% | 13.9% |
| $200k+ Households | 15.8% | 20.3% | 13.2% |
The median household income in Talbot County is about 18% lower than in Maryland. Income has been growing faster in Talbot County (4.4%/yr) than in Maryland (4.0%/yr).
About 17% of adults in Talbot County 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 Talbot County, Maryland grew by 37.5% from 2009 to 2024, reaching $85,514 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Talbot County
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.534 | 0.552 |
| Male Median Income | $77,705 | $84,327 | $69,667 |
| Female Median Income | $62,810 | $72,201 | $56,850 |
| Gender Pay Gap | 19.2% | 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 Talbot County, it is 0.528, 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 Talbot County, Maryland. Over a 35-year career, a 24% wage gap accumulates to roughly $521,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Talbot County, Maryland has narrowed from about 24% to 19% in 2024. Over that period the gap was widest at 28% in 2019, and was narrowest at 17% in 2015. In dollar terms, the gap has widened by $2,547 since 2009.
Employment
| Metric | Talbot County | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.8% | 5.2% |
| Working from Home | 15.1% | 19.3% | 15.0% |
| Commute time (minutes) | 17 | 28 | 22 |
Approximately 777 people are unemployed in Talbot County, Maryland.
The average commute time in Talbot County is 17 minutes, shorter than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Talbot County, Maryland has fallen from 6.7% to 4.3% in 2024. Over that period the rate peaked at 8.4% in 2013 and fell as low as 2.9% in 2020.
Talbot County, MD Wealth Compared With Nearby Counties
Talbot County, MD is the 4th largest of the 6 counties compared here, 37,917 residents against a local median of 51,825. Where Talbot County, MD breaks from the counties next to it is median household income, sitting 24% below the local median of $112,977 at $85,514. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 4.4%/yr against a local median of 3.8%/yr, 15% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while median household income runs behind it, so Talbot County, MD is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread $72,068 on median household income, so Talbot County, MD sits at one end of an already wide local range rather than apart from it. Talbot County, MD has the 4th highest median household income of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Talbot County, MD | 37,917 | $85,514 #4/6 | 4.4%/yr #1/6 | 4.3% #4/6 | 0.528 #5/6 |
| Queen Anne's County, MD | 51,825 | $112,977 | 3.4%/yr | 3.8% | 0.508 |
| Dorchester County, MD | 32,754 | $62,608 | 3.3%/yr | 5.7% | 0.533 |
| Caroline County, MD | 33,666 | $69,099 | 3.8%/yr | 5.7% | 0.520 |
| Calvert County, MD | 94,313 | $134,676 | 4.2%/yr | 2.6% | 0.513 |
| Anne Arundel County, MD | 597,957 | $124,886 | 3.9%/yr | 3.6% | 0.508 |
Conclusion
Considering all these factors, Talbot County, 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 Talbot County, Maryland.
How Rich Is Talbot County, Maryland?
Talbot County 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 $85,514, about 18% lower than the Maryland average of $103,916.
How fast is household income rising in Talbot County, Maryland?
Between 2009 and 2024, the median household income in Talbot County, Maryland rose 38%, from $62,188 to $85,514. Over the same years, income here lagged behind Maryland as a whole: +38% against +49%.
What was the median household income in Talbot County in 2023?
In 2023, the median household income in Talbot County, Maryland was $84,789, up 4% from $81,545 in 2022. The Maryland median that year was $101,974.
What was the median household income in Talbot County in 2020?
In 2020, the median household income in Talbot County, Maryland was $73,004. By 2024 it had risen 17% to $85,514.
What is the Gini coefficient in Talbot County, Maryland?
The Gini coefficient in Talbot County is 0.528. 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 Talbot County, Maryland?
Since 2009, the income gap between men and women in Talbot County, Maryland has narrowed from about 24% to 19% in 2024. Over that period the gap was widest at 28% in 2019, and was narrowest at 17% in 2015. In dollar terms, the gap has widened by $2,547 since 2009.
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