Montgomery County, Maryland

Income Data

+37% vs. Maryland average
$128,733
Median Household Income
$66,124
Per Capita Income

At a Glance

Median Household Income
$128,733
+37% vs. state avg
Per Capita Income
$66,124
+68% vs. national
Income-to-Housing Ratio
20.9%
income as % of home value
Rank in Maryland
#3 / 24
by median household income

How Montgomery County Compares

Montgomery County$128,733
Maryland Average$94,152
National Median$74,755

Detailed Income Statistics

$128,733
Median Household Income
$66,124
Per Capita Income
$615,200
Median Home Value
20.9%
Income-to-Housing Ratio

Data Story

About Household Income in Montgomery County, Maryland

Montgomery County earns 72% above U.S. average

Montgomery County's median household income of $128,733 towers 72% above the national median of $74,755, reflecting one of America's wealthiest suburban counties. Federal employment, biotech research, and professional services generate exceptional earning power.

Second-richest county in Maryland

Montgomery County ranks second in Maryland only to Howard County, with a median household income of $128,733 significantly above the statewide average of $94,152. The county's proximity to Washington, D.C., and concentration of high-wage sectors drive this dominance.

Wealthier than all but one Maryland peer

Montgomery County's $128,733 median household income trails only Howard County ($146,982) among Maryland jurisdictions, exceeding Frederick County ($120,458) and Charles County ($120,592). Its Washington, D.C., edge creates unmatched federal employment access.

Steep housing costs challenge households

Montgomery County's median home value of $615,200 and rent-to-income ratio of 18.9% reflect an exceptionally expensive housing market. While county incomes support homeownership, many households must allocate substantial shares of earnings to housing.

Strategic wealth diversification essential

Montgomery County's high earners should look beyond residential real estate to diversify wealth through stocks, bonds, and alternative investments. Work with financial professionals to optimize tax efficiency and build assets beyond the primary residence.

Frequently Asked Questions

What is the median household income in Montgomery County, Maryland?
The median household income in Montgomery County, Maryland is $128,733, 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 Montgomery County?
The per capita income in Montgomery County is $66,124, 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 $128,733.
How does Montgomery County compare to the Maryland average?
Montgomery County's median household income of $128,733 is higher than the Maryland state average of $94,152. The per capita income is $66,124, compared to the state average of $46,948.
What is the per capita income in Montgomery County, Maryland?
The per capita income in Montgomery County, Maryland is $66,124, 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 Montgomery County income higher than the Maryland average?
Montgomery County's median household income of $128,733 is higher than the Maryland average of $94,152. This difference of $34,581 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 Montgomery County rank for income in Maryland?
Montgomery County ranks #3 out of 24 counties in Maryland by median household income (1 = highest). With a median household income of $128,733 and per capita income of $66,124, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Montgomery County

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Your income is above the Montgomery County median

County median: $128,733 per year

vs. County Median

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vs. State Average

+37%

vs. National Median

+72%

vs. Montgomery County MedianAbout equal
vs. Maryland Average37% above
vs. National Median72% above

Income Adequacy

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Your monthly income ($10,728) vs. median rent ($2,030/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.