Allegany County, Maryland
Income Data
At a Glance
How Allegany County Compares
Detailed Income Statistics
Data Story
About Household Income in Allegany County, Maryland
Allegany lags the national income average
Allegany County's median household income of $57,393 falls 23% below the national median of $74,755, placing it in the lower tier nationally. This gap reflects economic headwinds that many industrial communities in the Mid-Atlantic region face as manufacturing shrinks.
Bottom quartile among Maryland counties
At $57,393, Allegany's median household income ranks in the bottom quartile of Maryland's 24 jurisdictions, trailing the state average of $94,152 by $36,759. The county's per capita income of $30,046 also lags the state average of $46,948 significantly.
Weaker than adjacent rural counties
Allegany's median household income trails Caroline County ($66,368) and falls well short of nearby Baltimore County ($90,904) and Cecil County ($91,146). Among Western Maryland's smaller communities, Allegany faces steeper income challenges than neighboring jurisdictions.
Affordable housing, but tight finances
The rent-to-income ratio of 16.4% suggests housing affordability is manageable—well below the 30% threshold that indicates cost burden. However, with a median income significantly below state and national levels, households have less discretionary income for savings and emergencies.
Build stability through financial planning
While Allegany's income lags regional benchmarks, the low cost of living offers an opportunity to prioritize emergency savings and retirement contributions. Consider speaking with a financial advisor about low-cost investment options and programs that help build long-term wealth despite modest household earnings.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Allegany County median
County median: $57,393 per year
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vs. State Average
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vs. National Median
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Your monthly income ($4,783) vs. median rent ($786/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.