Talbot County, Maryland
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Talbot County Compares
Detailed Income Statistics
Income Advisory: Talbot County
Income Verdict
Talbot County has a median household income of $84,378 and per capita income of $53,527 — a gap of $30,851, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $1,248/month and a median household income of $84,378, rent consumes approximately 17.7% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $84,378 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $53,527 reflects a relatively affluent population with substantial individual earning capacity.
Neighbor Context
Talbot County earns approximately 10.4% below the Maryland state median household income of $94,152.
Data Story
About Household Income in Talbot County, Maryland
Talbot beats national income average
Talbot County's median household income of $84,378 is 13% above the U.S. median of $74,755, reflecting a prosperous Eastern Shore community. This places Talbot in the upper half of American counties by household income.
Solid middle of Maryland pack
Talbot ranks in Maryland's middle tier with a median income 10% below the state average of $94,152. The county trails higher-income peers like Queen Anne's and St. Mary's, but significantly outpaces struggling counties like Somerset.
Outearns most Eastern Shore peers
Talbot's $84,378 median income leads Somerset County ($52,462) by a substantial margin, though it trails Worcester County ($81,455) slightly and Queen Anne's ($113,347) significantly. The county's tourism and waterfront economy support higher incomes than traditional agricultural peers.
Rents stay well within budget
Talbot's 17.8% rent-to-income ratio is among Maryland's most favorable, providing substantial breathing room in household budgets. The median home value of $398,300 aligns well with median household income, supporting both renting and homeownership.
Invest in Talbot's future
Talbot households have solid capacity to build investment portfolios and fund long-term goals like college savings and retirement. Consider directing savings surplus toward tax-advantaged accounts, real estate investments, or small business ventures that align with the county's growing tourism economy.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Talbot County
Your income is above the Talbot County median
County median: $84,378 per year
vs. County Median
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vs. State Average
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vs. National Median
+13%
Income Adequacy
Your monthly income ($7,032) vs. median rent ($1,248/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.