Carroll County, Maryland
Income Data
At a Glance
How Carroll County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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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%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.