Maryland Income Statistics
Maryland Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
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B
Maryland Around averageAmong the top 3 wealthiest states in US
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Maryland
- Howard County (138% of U.S. avg)
- Calvert County (130% of U.S. avg)
- Montgomery County (129% of U.S. avg)
- Somerset County (69% of U.S. avg)
- Allegany County (80% of U.S. avg)
- Baltimore city (90% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Maryland | US Average |
|---|---|---|
| Median Household Income | $103,916 | $80,455 |
| Median Personal Income | $75,715 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.8% |
| Six-Figure Earners | 20.7% | 13.9% |
| $200k+ Households | 20.3% | 13.2% |
The median household income in Maryland is about 29% higher than in US. Income has been growing slower in Maryland (4.0%/yr) than in US (4.8%/yr).
About 21% of adults in Maryland earn six figures ($100,000 or more) a year, higher than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Maryland grew by 49.3% from 2009 to 2024, reaching $103,916 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Maryland
| Metric | Maryland | US Average |
|---|---|---|
| Gini Coefficient | 0.534 | 0.552 |
| Male Median Income | $84,327 | $69,667 |
| Female Median Income | $72,201 | $56,850 |
| Gender Pay Gap | 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 Maryland, it is 0.534, lower than US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in Maryland. Over a 35-year career, a 17% wage gap accumulates to roughly $424,410 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Maryland has narrowed from about 20% to 14% in 2024. Over that period the gap was narrowest at 14% in 2021. In dollar terms, the gap has widened by $1,006 since 2009.
Employment
| Metric | Maryland | US Average |
|---|---|---|
| Unemployment Rate | 4.8% | 5.2% |
| Working from Home | 19.3% | 15.0% |
| Commute time (minutes) | 28 | 22 |
Approximately 162,185 people are unemployed in Maryland.
The average commute time in Maryland is 28 minutes, longer than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Maryland has fallen from 7.2% to 4.8% in 2024. Over that period the rate peaked at 8.1% in 2013.
Maryland Wealth Compared With Nearby States
Maryland is the 4th largest of the 6 states compared here, 6,204,886 residents against a local median of 8,702,460. There is no headline here. Every measure below sits within 15% of the median across the nearest states, which makes Maryland an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 11% above the local median at $103,916 against $93,527. Maryland has the 2nd 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. |
|---|---|---|---|---|---|
| Maryland | 6,204,886 | $103,916 #2/6 | 4.0%/yr #6/6 | 4.8% #2/6 | 0.534 #3/6 |
| District of Columbia | 678,314 | $110,571 | 5.3%/yr | 6.3% | 0.501 |
| Delaware | 1,017,061 | $85,760 | 4.3%/yr | 5.1% | 0.525 |
| Pennsylvania | 13,004,688 | $78,249 | 4.4%/yr | 5.2% | 0.537 |
| New Jersey | 9,334,304 | $103,817 | 4.4%/yr | 6.3% | 0.544 |
| Virginia | 8,702,460 | $93,527 | 4.3%/yr | 4.1% | 0.544 |
Conclusion
Considering all these factors, Maryland has an overall wealth index grade of B, making it somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Maryland.
How Rich Is Maryland?
Maryland 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 $103,916, about 29% higher than the US average of $80,455.
Are incomes growing in Maryland?
Between 2009 and 2024, the median household income in Maryland rose 49%, from $69,581 to $103,916. Over the same years, income here lagged behind the U.S. as a whole: +49% against +57%.
What was the median household income in Maryland in 2023?
In 2023, the median household income in Maryland was $101,974, up 4% from $98,516 in 2022. The US median that year was $78,147.
What was the median household income in Maryland in 2020?
In 2020, the median household income in Maryland was $87,684. By 2024 it had risen 19% to $103,916.
Is Maryland a high-income area?
Yes. 21% of adults in Maryland earn $100,000 or more a year (about 1 in 5), against 14% (about 1 in 7) in the U.S.. 20% of households have a combined income of $200,000 or more, compared with 13% in the U.S..
What is the Gini coefficient in Maryland?
The Gini coefficient in Maryland is 0.534. 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 Maryland?
Since 2009, the income gap between men and women in Maryland has narrowed from about 20% to 14% in 2024. Over that period the gap was narrowest at 14% in 2021. In dollar terms, the gap has widened by $1,006 since 2009.
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