Carroll County, Maryland

Income Data

+23% vs. Maryland average
$115,876
Median Household Income
$51,465
Per Capita Income

At a Glance

Median Household Income
$115,876
+23% vs. state avg
Per Capita Income
$51,465
+30% vs. national
Income-to-Housing Ratio
28.5%
income as % of home value
Rank in Maryland
#7 / 24
by median household income

How Carroll County Compares

Carroll County$115,876
Maryland Average$94,152
National Median$74,755

Detailed Income Statistics

$115,876
Median Household Income
$51,465
Per Capita Income
$406,400
Median Home Value
28.5%
Income-to-Housing Ratio

Data Story

About Household Income in Carroll County, Maryland

Carroll County significantly exceeds national average

Carroll County's median household income of $115,876 surpasses the national median of $74,755 by 55%, placing it in the top tier of U.S. counties. This affluence reflects Carroll's role as an affluent commuter community for Baltimore and Washington, D.C.

Third-highest income in Maryland

Carroll County's median household income of $115,876 ranks third statewide, exceeded only by Calvert ($132,059) and Anne Arundel ($120,324), and well above the state average of $94,152. The county's per capita income of $51,465 also ranks near the top of Maryland.

Wealthiest in Baltimore-Washington corridor

Carroll County's median household income of $115,876 trails only Calvert County and Anne Arundel among central Maryland jurisdictions, substantially exceeding Baltimore County ($90,904) and Baltimore City ($59,623). It represents one of the region's premier affluent suburbs.

Excellent affordability for high earners

Carroll County's rent-to-income ratio of 14.2% ranks among Maryland's lowest, indicating exceptional housing affordability relative to income. Median home values of $406,400 remain comfortably accessible for households earning the county median income.

Leverage strong income for wealth building

Carroll County's above-average incomes create substantial capacity for retirement savings, investment diversification, and property wealth accumulation. Work with a financial advisor to maximize tax-advantaged accounts, explore real estate opportunities, and develop a comprehensive estate plan.

Frequently Asked Questions

What is the median household income in Carroll County, Maryland?
The median household income in Carroll County, Maryland is $115,876, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Carroll County?
The per capita income in Carroll County is $51,465, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $115,876.
How does Carroll County compare to the Maryland average?
Carroll County's median household income of $115,876 is higher than the Maryland state average of $94,152. The per capita income is $51,465, compared to the state average of $46,948.
What is the per capita income in Carroll County, Maryland?
The per capita income in Carroll County, Maryland is $51,465, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Carroll County income higher than the Maryland average?
Carroll County's median household income of $115,876 is higher than the Maryland average of $94,152. This difference of $21,724 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Carroll County rank for income in Maryland?
Carroll County ranks #7 out of 24 counties in Maryland by median household income (1 = highest). With a median household income of $115,876 and per capita income of $51,465, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Carroll County

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Your income is above the Carroll County median

County median: $115,876 per year

vs. County Median

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vs. State Average

+23%

vs. National Median

+55%

vs. Carroll County MedianAbout equal
vs. Maryland Average23% above
vs. National Median55% above

Income Adequacy

Monthly income covers median rent7.0x

Your monthly income ($9,656) vs. median rent ($1,370/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.