Charles County, Maryland

Income Data

+28% vs. Maryland average
$120,592
Median Household Income
$50,540
Per Capita Income

At a Glance

Median Household Income
$120,592
+28% vs. state avg
Per Capita Income
$50,540
+28% vs. national
Income-to-Housing Ratio
30.0%
income as % of home value
Rank in Maryland
#4 / 24
by median household income

How Charles County Compares

Charles County$120,592
Maryland Average$94,152
National Median$74,755

Detailed Income Statistics

$120,592
Median Household Income
$50,540
Per Capita Income
$402,300
Median Home Value
30.0%
Income-to-Housing Ratio

Data Story

About Household Income in Charles County, Maryland

Charles County earns 61% above U.S. average

With a median household income of $120,592, Charles County residents earn significantly more than the national median of $74,755. This $45,837 advantage reflects a prosperous labor market driven by federal employment and proximity to Washington, D.C.

Third-richest county in Maryland

Charles County ranks third among Maryland's 24 jurisdictions for median household income, trailing only Howard and Montgomery counties. The county's $120,592 median substantially exceeds Maryland's statewide average of $94,152.

Outpaces rural and coastal neighbors

Charles County's $120,592 median household income towers over Dorchester County ($60,495) to the east and Garrett County ($69,031) to the west. This income advantage stems from its proximity to federal employment centers and suburban development patterns.

Housing costs are manageable

Renters in Charles County spend just 18.9% of their income on rent, comfortably below the 30% affordability threshold. However, median home values of $402,300 require household incomes like those common here to sustain homeownership.

Build on your strong income foundation

Charles County's high earning power creates an opportunity to accelerate wealth-building through consistent investing and retirement contributions. Consider directing the income advantage over national averages into long-term investment accounts to compound your prosperity.

Frequently Asked Questions

What is the median household income in Charles County, Maryland?
The median household income in Charles County, Maryland is $120,592, 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 Charles County?
The per capita income in Charles County is $50,540, 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 $120,592.
How does Charles County compare to the Maryland average?
Charles County's median household income of $120,592 is higher than the Maryland state average of $94,152. The per capita income is $50,540, compared to the state average of $46,948.
What is the per capita income in Charles County, Maryland?
The per capita income in Charles County, Maryland is $50,540, 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 Charles County income higher than the Maryland average?
Charles County's median household income of $120,592 is higher than the Maryland average of $94,152. This difference of $26,440 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 Charles County rank for income in Maryland?
Charles County ranks #4 out of 24 counties in Maryland by median household income (1 = highest). With a median household income of $120,592 and per capita income of $50,540, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Charles County

$
1.00x

Your income is above the Charles County median

County median: $120,592 per year

vs. County Median

+0%

vs. State Average

+28%

vs. National Median

+61%

vs. Charles County MedianAbout equal
vs. Maryland Average28% above
vs. National Median61% above

Income Adequacy

Monthly income covers median rent5.3x

Your monthly income ($10,049) vs. median rent ($1,897/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Charles County, Maryland? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Maryland

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

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