Waldorf, Maryland Income Statistics
Waldorf 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
Waldorf Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Median Household Income | $116,211 | $103,916 | $80,455 |
| Median Personal Income | $76,386 | $75,715 | $60,758 |
| Average Yearly Income Growth | 3.7% | 4.0% | 4.8% |
| Six-Figure Earners | 21.0% | 20.7% | 13.9% |
| $200k+ Households | 19.6% | 20.3% | 13.2% |
The median household income in Waldorf is about 12% higher than in Maryland. Income has been growing slower in Waldorf (3.7%/yr) than in Maryland (4.0%/yr).
About 21% of adults in Waldorf earn six figures ($100,000 or more) a year, about the same as the Maryland average of 21%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Waldorf, Maryland grew by 40.7% from 2009 to 2024, reaching $116,211 in 2024. That's an average of about 3.7% per year.
Income Inequality and the Gender Pay Gap in Waldorf
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.534 | 0.552 |
| Male Median Income | $79,218 | $84,327 | $69,667 |
| Female Median Income | $75,360 | $72,201 | $56,850 |
| Gender Pay Gap | 4.9% | 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 Waldorf, it is 0.516, 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 5% more than women's income in Waldorf, Maryland. Over a 35-year career, a 5% wage gap accumulates to roughly $135,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Waldorf, Maryland has narrowed from about 10% to 5% in 2024. Over that period the gap was widest at 11% in 2018, and was narrowest at 3% in 2013. In dollar terms, the gap has narrowed by $2,129 since 2009.
Employment
| Metric | Waldorf | Maryland Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 4.8% | 5.2% |
| Working from Home | 16.9% | 19.3% | 15.0% |
| Commute time (minutes) | 40 | 28 | 22 |
Approximately 2,552 people are unemployed in Waldorf, Maryland.
The average commute time in Waldorf is 40 minutes, longer than the 28 minutes in Maryland.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Waldorf, Maryland has fallen from 7.1% to 5.9% in 2024. Over that period the rate peaked at 8.3% in 2014 and fell as low as 3.6% in 2019.
Conclusion
Considering all these factors, Waldorf, 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 Waldorf, Maryland.
How Rich Is Waldorf, Maryland?
Waldorf 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 $116,211, about 12% higher than the Maryland average of $103,916.
How fast is household income rising in Waldorf, Maryland?
Between 2009 and 2024, the median household income in Waldorf, Maryland rose 41%, from $82,570 to $116,211. Over the same years, income here lagged behind Maryland as a whole: +41% against +49%.
What was the median household income in Waldorf in 2023?
In 2023, the median household income in Waldorf, Maryland was $114,638, up 3% from $111,230 in 2022. The Maryland median that year was $101,974.
What was the median household income in Waldorf in 2020?
In 2020, the median household income in Waldorf, Maryland was $101,423. By 2024 it had risen 15% to $116,211.
What is the Gini coefficient in Waldorf, Maryland?
The Gini coefficient in Waldorf is 0.516. 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 Waldorf, Maryland?
Since 2009, the income gap between men and women in Waldorf, Maryland has narrowed from about 10% to 5% in 2024. Over that period the gap was widest at 11% in 2018, and was narrowest at 3% in 2013. In dollar terms, the gap has narrowed by $2,129 since 2009.
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