Wealthiest Cities in Maryland 2024: Many people refer to Maryland as “America in Miniature” because of its diverse topography and the fact that it is one of the most prosperous states in the country.
The state is home to a significant number of billionaires and Fortune 500 corporations. Johns Hopkins University and Johns Hopkins Hospital are the state’s two largest private employers, while the United States federal government is the state’s largest public employer.
The state is well renowned for its strong economy, which has been bolstered by major technology businesses that have their headquarters there. Additionally, the state is home to some of the finest educational institutions in the whole country.
Because the state is often regarded as having one of the most forward-thinking economies and because it is home to a flourishing technology industry, it is an alluring location in which to settle down, find gainful employment, and bring up a family.
Wealthiest Cities in Maryland 2024
Maryland is known not only for its affluence but also for a number of other factors, such as being one of the best states for retirees, having one of the best school systems, and also for having some of the lowest crime rates in the United States. Some of the most prosperous cities in the United States can be found in Maryland, which is also known for its affluence.
The residents of Maryland enjoy a high quality of life thanks to the state’s temperate winters, relatively inexpensive cost of living, and higher-than-average median income.
More than sixty percent of people living in Maryland own their own houses, and the state is home to some of the wealthiest cities in the country, such as Poolesville, Mount Airy, and Bowie. In addition, the state has the highest per capita income of any of the 50 states.
Here are some of the most affluent cities in Maryland:
1. Poolesville – $183,700 (Wealthiest Cities in Maryland)
With a household income of $183,700 on average, Poolesville is among the wealthiest communities in the state of Maryland. Additionally, the region has been recognized for its excellent public schools by several organizations.
However, the presence of a number of family-friendly businesses and parks in the area, such as the Poolesville Golf Course and the Poolesville Town Center, contribute to the neighborhood’s already high level of desirability and make it an even more desirable location.
Poolesville is considered to be one of the safest communities in the state of Maryland due to its population of slightly more than 5,295 people and its total crime rate of just 0.86 incidents per 1,000 residents.
This city has the highest cost of living index score of 136.1, which is 40% more than the average for the rest of the country. This is despite the fact that it has the most costly average house value in the state, which is $617,765.
It has a significant amount of history, as well as various monuments, such as the Seneca Quarry, to show for it. We can’t say enough good things about the wonderful people that call this place home, and it’s easy to see why.
2. Mount Airy – $125,365
With a typical household income of $125,365, Mount Airy is consistently ranked as one of the wealthiest cities in the state of Maryland. The quality of life in a city is determined by the sum of its parts, and there are few few communities that are as well-rounded as Mount Airy, which is located in Maryland.
The population of 9,439 people lives in a small town that is home to some magnificent parks, a close-knit community, and several possibilities to engage in cultural activities.
The city’s close proximity to the nation’s capital which makes it an excellent destination for anyone who want to be close to the action but do not actually want to live in the District or the suburbs that surround it.
Mount Airy is a multifaceted community that offers a wide variety of activities suitable for a wide range of residents, including families with small children and working professionals.
3. Bowie –$116,796 (Wealthiest Cities in Maryland)
One of the cities in Maryland with the highest median household income is Bowie, which is located in Prince George’s County. The annual income of a household in Bowie is $116,796 on average.
This makes Bowie the 3rd richest city in Maryland.
The median income per person in this area is $50,185, while the median price of a home is $474,507. The index for the cost of living in Bowie is 128.5, and the index for the cost of groceries is 108.8. The average commute time for residents is 35.2 minutes.
The public schools receive good marks, and there is convenient access to Washington, D.C., Baltimore, and Annapolis via the bus service provided by the Washington Metropolitan Area Transit Authority or the commuter rail service provided by MARC.
The city plays host to a number of annual events, including the Bowie International Festival, which takes place in September, a concert and fireworks display on the Fourth of July, and a number of seasonal parades.
4. Rockville – $111,797
With a household income that is much higher than $111,797 on average, Rockville is among the wealthiest cities in the state of Maryland. This is being driven by a huge number of people with advanced degrees who are in solid employment and have the financial means to shop at retail establishments.
In point of fact, the city has the state’s largest concentration of jobs in the fields of science, engineering, and technology. Rockville’s proximity to Washington, DC, plays a role in the city’s ability to entice a large number of young professionals.
The median age in this area is 38.7 years, which is virtually identical to the average age across the state, which is also 38.7 years. The city is also home to a number of significant businesses, many of which are responsible for the employment of the city’s population.
The Lockheed Martin Corporation and Coventry Health Care Inc. are two examples of them. The healthcare industry, which comprises both Shady Grove Adventist Hospital and Suburban Hospital, is responsible for the employment of a significant number of individuals.
5. Chesapeake Beach – $111,379 (Wealthiest Cities in Maryland)
With a household income of $111,379 on average, the incorporated town of Chesapeake Beach is considered to be one of the wealthiest communities in the state of Maryland. The location is popular with people of all ages, from young couples starting families to seniors looking to downsize.
The resort town is great for families and offers a wide range of activities and events all through the year, such as free concerts during the summer and an oyster festival every year.
In addition, the city is home to some of the best hotels and dining establishments in the country, all of which have breathtaking vistas of the bay.
The monthly rent on average is $1,300, which is significantly higher than the cost of rent in the majority of other areas in Calvert County.
Because so many tenants choose to buy their own houses as soon as they are in a financial position to do so, rental properties can be hard to come by in this area.
6. Walkersville – $107,781
One of the wealthiest towns in Maryland, Walkersville also has a very good quality of life thanks to its location. The town’s public schools are recognized nationally as being above average, and it is home to a labor force that possesses a high level of expertise.
In recent years, there has been a healthy increase in the number of available jobs; nevertheless, there are some indications that economic activity may be slowing.
The town’s economy is heavily dependent on tourism; however, tourism is declining as a result of rising gas prices and new rules that restrict access to the state park system, which is popular with tourists. The town’s economy is primarily dependent on tourism.
The cost of living in Walkersville is lower than the cost of living in surrounding cities like Baltimore and Annapolis, despite the fact that Walkersville’s overall cost of living is higher than the cost of living in other towns in Maryland.
7. Bel Air – $100,824 (Wealthiest Cities in Maryland)
According to data compiled by the United States, Bel Air is one of the communities in Maryland with the highest median household income, coming in at $100,824 annually. Census Bureau.
Young individuals who are looking for a tranquil area will find that Bel Air, with its population of 10,071, and its location in Harford County, is an excellent spot to reside in the United States.
The community is well-known for the significant number of old homes and horse farms that can be found there. The majority of citizens, however, are employed in the town’s flourishing retail and service sectors, as many locals commute to Baltimore and Philadelphia for work.
This wealthy town is home to more than 30 parks and provides its residents with access to a diverse selection of leisure opportunities. Because there are so many things to do in Bel Air, it is an ideal weekend getaway for people who live in the city as well as tourists.
8. Cheverly – $99,261
According to data provided by the United States Census Bureau, Cheverly is one of the towns in Maryland that has the highest median household income, coming in at more than $99,261. Census Bureau. Additionally, it is one of the most varied.
African Americans built the town in 1918 as an alternative to segregated housing, and it continues to be a location where middle-class families from all walks of life can afford to purchase homes with yards.
Even though it is included in the metropolitan area of Washington, Cheverly has managed to keep its quaint, small-town feel. Residents claim that the town center’s swimming pool is the finest in the county, in addition to the town center’s park and post office, among other facilities.
With a population that is approximately 57.1% African American, the town has been recognized for a long time as one that successfully integrates people of all races.
It has been said that Cheverly is one of the best locations to live and that it is an excellent location for retirees.
9. La Plata – $94,755 (Wealthiest Cities in Maryland)
With a median family income of $94,755 and a median home value of $444,136, La Plata is one of the communities in Maryland that can rightfully call itself one of the wealthiest.
The Charles County Circuit Courthouse is one of several state and county buildings that can be seen in the town. Despite having a relatively low population, La Plata offers a wide variety of recreational opportunities for its inhabitants.
Because of its close proximity to both Washington, DC and Andrews Air Force Base, as well as major highways, the city is a popular choice for people who commute. The entirety of the municipality contains more than 40 acres worth of parks and other leisure places.
The annual Christmas parade in La Plata is regarded as one of the city’s most well-attended events, since it brings tens of thousands of viewers from all over southern Maryland.
Because of its convenient proximity to Washington, D.C., Baltimore, and Annapolis, this town is a popular choice for people who commute to those cities for employment. Additionally, a number of beaches on the Chesapeake Bay are easily accessible by car.
10. Glenarden – $87,917
With a typical household income of $87,917, Glenarden is among the most prosperous cities in the state of Maryland. The city is situated 22 kilometers (14 miles) to the west of Washington, District of Columbia, and offers convenient access to major highways.
Because the median age there is only 40.1 years old, it is also one of the youngest localities in the state. The city’s population of 6,137 people means that it cannot compete with larger communities when it comes to the range of cultural and leisure opportunities available.
Residents, on the other hand, can have the best of both worlds because the commute to Baltimore and Washington, D.C. is quite short. The typical price of a home in Glenarden is $365,000, which is significantly less than the average price of a home in the state.
Because the majority of homes are occupied by their owners, this neighborhood is an excellent location in which to plant roots and raise a family.
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