GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income In Maryland

The average income in Maryland is estimated to be around $80,776.

In this post, we provide an overview of income statistics in Maryland based on various demographic factors and geographic locations. From median household incomes to average earnings in different counties and professions, these statistics offer valuable insights into the economic landscape of the state.

Statistic 1

"The median household income in Maryland was $86,738 in 2019."

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Statistic 2

"The mean retirement income in Maryland is $38,873."

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Statistic 3

"Per capita personal income in Maryland was $62,914 in 2019."

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Statistic 4

"Average household income in Maryland is approximately 28.4% higher than the national average."

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Statistic 5

"The average income among males in Maryland is $69,817."

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Statistic 6

"The average income among females in Maryland is $54,228."

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Statistic 7

"The average income for persons with a bachelor’s degree in Maryland is $66,897."

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Statistic 8

"The average income in Baltimore, Maryland is $54,938."

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Statistic 9

"The average income in Silver Spring, Maryland is $72,797."

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Statistic 10

"The average income in Montgomery County, MD is $110,912."

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Statistic 11

"The average income in Prince George's County, MD is $82,907."

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Statistic 12

"The average income in Annapolis, Maryland is $81,143."

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Statistic 13

"The median income for African American households in Maryland is $71,726."

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Statistic 14

"Median earnings for workers in Montgomery County, Maryland is $54,000."

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Statistic 15

"Median earnings for workers in Baltimore, Maryland is $46,670."

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Statistic 16

"The average teacher salary in Maryland is $71,666."

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In conclusion, the income statistics for Maryland paint a diverse picture, showcasing variations across different regions, demographics, and educational backgrounds. Overall, Maryland boasts relatively high average and median incomes compared to the national averages, with significant disparities between genders and locations within the state. While areas like Montgomery County and Silver Spring exhibit higher average incomes, disparities can be observed in the median earnings for African American households and workers in different regions of Maryland. Additionally, the data highlights the impact of education on income, with individuals holding a bachelor’s degree earning significantly more on average. The statistics suggest a complex economic landscape in Maryland, influenced by a range of factors that contribute to the state’s overall income profile.

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