Talbot County, Maryland

Income Data

-10% vs. Maryland average
$84,378
Median Household Income
$53,527
Per Capita Income

At a Glance

Median Household Income
$84,378
-10% vs. state avg
Per Capita Income
$53,527
+36% vs. national
Income-to-Housing Ratio
21.2%
income as % of home value
Rank in Maryland
#14 / 24
by median household income

How Talbot County Compares

Talbot County$84,378
Maryland Average$94,152
National Median$74,755

Detailed Income Statistics

$84,378
Median Household Income
$53,527
Per Capita Income
$398,300
Median Home Value
21.2%
Income-to-Housing Ratio

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

What is the median household income in Talbot County, Maryland?
The median household income in Talbot County, Maryland is $84,378, 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 Talbot County?
The per capita income in Talbot County is $53,527, 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 $84,378.
How does Talbot County compare to the Maryland average?
Talbot County's median household income of $84,378 is lower than the Maryland state average of $94,152. The per capita income is $53,527, compared to the state average of $46,948.
What is the per capita income in Talbot County, Maryland?
The per capita income in Talbot County, Maryland is $53,527, 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.
Is Talbot County a low-income area in Maryland?
Talbot County's median household income of $84,378 is below the Maryland average of $94,152. The per capita income of $53,527 is also comparable to the state average of $46,948. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Talbot County rank for income in Maryland?
Talbot County ranks #14 out of 24 counties in Maryland by median household income (1 = highest). With a median household income of $84,378 and per capita income of $53,527, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Talbot County

$
1.00x

Your income is above the Talbot County median

County median: $84,378 per year

vs. County Median

+0%

vs. State Average

-10%

vs. National Median

+13%

vs. Talbot County MedianAbout equal
vs. Maryland Average10% below
vs. National Median13% above

Income Adequacy

Monthly income covers median rent5.6x

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.

Sponsored

Grow Your Wealth

See how your income stacks up in Talbot 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.