You probably won’t find these places featured on the Lifestyles of the Rich and Famous, but Maryland’s richest places house many of the state’s super-wealthy.
Yes, The Old Line State has the finest blue crab cakes, some super-rich housewives in Potomac, and now, we’ll list the top ten richest places for 2024.
How do you get your hands on one of these Maryland gems? You are going to need a high-paying job. You need to make one that pays on average $95,316/year. The highest-paying jobs in the state are in healthcare and tech, and the state’s overall unemployment rate is below the national average.
However, the upside to living the Maryland dream is that once you get settled in one of the state’s richest places, you will be able to experience all of the posh features that this state has to offer. Like, the Michelin Star restaurants in Rockville, season passes to the Baltimore Ravens, and/or five star weekends in Annapolis.
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Richest Places In Maryland For 2024
Maryland is one of the wealthiest states in the country. So, to cut down our list, we looked at the latest Zillow and Census data from the American Community Survey for 60 Maryland cities with more than 3,000 residents.
What is the richest place in Maryland for 2024? The richest place in Maryland is Poolesville.
To see a list of Maryland’s wealthiest places, continue on.
Rich people not your cup of tea? Feel free to check out some more reading about Maryland:
The 10 Richest Cities In Maryland For 2024
1. Poolesville
/10
Population: 5,686
Median Income: $215,025
Median Home Values: $664,155
More on Poolesville: Data | Cost Of Living | Real Estate
2. Mount Airy
/10
Population: 9,667
Median Income: $148,779
Median Home Values: $575,869
More on Mount Airy: Data | Crime | Cost Of Living | Real Estate
3. Middl
/10
Population: 4,978
Median Income: $168,007
Median Home Values: $547,466
More on Middl: Data | Real Estate
4. Rockville
/10
Population: 67,142
Median Income: $122,470
Median Home Values: $606,807
More on Rockville: Data | Cost Of Living | Real Estate
5. Bowie
/10
Population: 57,922
Median Income: $138,797
Median Home Values: $495,660
More on Bowie: Data | Crime | Cost Of Living | Real Estate
6. Leonar
/10
Population: 4,586
Median Income: $138,295
Median Home Values: $492,008
More on Leonar: Data | Real Estate
7. Sykesville
/10
8. Takoma Park
/10
Population: 17,542
Median Income: $95,316
Median Home Values: $667,796
More on Takoma Park: Data | Crime | Cost Of Living | Real Estate
9. Gaithersburg
/10
Population: 69,016
Median Income: $104,544
Median Home Values: $498,395
More on Gaithersburg: Data | Cost Of Living | Real Estate
10. Cheverly
/10
Population: 6,132
Median Income: $119,625
Median Home Values: $468,015
More on Cheverly: Data | Crime | Cost Of Living | Real Estate
Methodology: How We Determined The Richest Places In Maryland For 2024
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places.” So we looked at this set of criteria from the newly released 2018-2022 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 60 places with more than 3,000 people in Maryland, we ranked each place from 1 to 60 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score,” with the place having the lowest overall Rich Score, Poolesville, crowned the “Richest City In Maryland For 2024.”
The data has been updated for 2024. This is our tenth time ranking the wealthiest cities in Maryland.
You can skip to the end to see the rankings for all 60 places.
Summary: The Wealthiest Places In Maryland For 2024
Like we said earlier, when we set out to identify the richest places in Maryland, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Maryland.
The richest cities in Maryland are Poolesville, Mount Airy, Middl, Rockville, Bowie, Leonar, Sykesville, Takoma Park, Gaithersburg, and Cheverly.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Maryland, according to data:
Poorest: Princess Anne
2nd Poorest: Frostburg
3rd Poorest: Cumberland
For more Maryland reading, check out:
Detailed List Of The Richest Cities In Maryland
| Rank | City | RichScore | Median Income | Average Home Price |
|---|---|---|---|---|
| 1 | Poolesville | 1.5 | $215,025 | $664,155 |
| 2 | Mount Airy | 3.5 | $148,779 | $575,869 |
| 3 | Middl | 4.0 | $168,007 | $547,466 |
| 4 | Rockville | 6.5 | $122,470 | $606,807 |
| 5 | Bowie | 6.5 | $138,797 | $495,660 |
| 6 | Leonar | 7.5 | $138,295 | $492,008 |
| 7 | Sykesville | 8.0 | $126,941 | $510,464 |
| 8 | Takoma Park | 11.0 | $95,316 | $667,796 |
| 9 | Gaithersburg | 11.5 | $104,544 | $498,395 |
| 10 | Cheverly | 12.0 | $119,625 | $468,015 |
| 11 | Annapolis | 12.0 | $97,219 | $571,003 |
| 12 | La Plata | 13.0 | $117,065 | $458,131 |
| 13 | Riverdale Park | 14.0 | $105,250 | $457,160 |
| 14 | Centreville | 14.0 | $101,455 | $479,673 |
| 15 | Chesapeake Beach | 14.0 | $130,175 | $432,240 |
| 16 | Berwyn Heights | 14.5 | $132,625 | $427,367 |
| 17 | Walkersville | 15.0 | $138,190 | $425,026 |
| 18 | Manchester | 19.5 | $103,629 | $425,271 |
| 19 | Laurel | 20.0 | $92,035 | $443,952 |
| 20 | Frederick | 21.5 | $89,981 | $434,950 |
| 21 | Glenarden | 23.0 | $100,179 | $412,112 |
| 22 | Brunswick | 25.0 | $104,700 | $361,416 |
| 23 | Berlin | 26.0 | $80,465 | $434,662 |
| 24 | Boonsboro | 27.0 | $96,111 | $376,592 |
| 25 | Hyattsville | 27.0 | $90,329 | $396,591 |
| 26 | Havre De Grace | 27.5 | $95,025 | $376,608 |
| 27 | Mount Rainier | 28.5 | $64,170 | $471,063 |
| 28 | Hampstead | 29.0 | $87,454 | $397,582 |
| 29 | Ocean City | 31.0 | $62,401 | $449,391 |
| 30 | College Park | 31.5 | $76,973 | $418,488 |
| 31 | Bel Air | 32.5 | $66,950 | $432,116 |
| 32 | Thurmont | 32.5 | $88,243 | $355,126 |
| 33 | Brentwood | 32.5 | $78,494 | $386,783 |
| 34 | Smithsburg | 32.75 | $89,167 | $338,755 |
| 35 | Easton | 33.0 | $75,198 | $415,598 |
| 36 | Westminster | 33.5 | $71,286 | $423,805 |
| 37 | North East | 34.0 | $85,378 | $351,633 |
| 38 | New Carrollton | 35.0 | $76,386 | $385,956 |
| 39 | Taneytown | 35.0 | $78,333 | $362,419 |
| 40 | District Heights | 36.0 | $84,929 | $327,778 |
| 41 | Capitol Heights | 37.25 | $89,167 | $313,153 |
| 42 | Indian Head | 39.5 | $77,948 | $323,189 |
| 43 | Greenbelt | 41.0 | $82,019 | $273,558 |
| 44 | Perryville | 43.0 | $71,579 | $316,204 |
| 45 | Aberdeen | 43.5 | $74,555 | $314,123 |
| 46 | Denton | 44.0 | $59,155 | $329,754 |
| 47 | Elkton | 46.0 | $58,593 | $327,018 |
| 48 | Delmar | 47.0 | $69,028 | $272,682 |
| 49 | Bladensburg | 47.5 | $58,619 | $315,966 |
| 50 | Seat Pleasant | 50.5 | $54,613 | $299,746 |
| 51 | Fruitland | 51.0 | $61,205 | $227,517 |
| 52 | Cheste | 51.5 | $43,980 | $321,064 |
| 53 | Salisbury | 53.5 | $53,309 | $241,424 |
| 54 | Hagerstown | 53.5 | $48,481 | $260,493 |
| 55 | Baltimore | 54.5 | $58,349 | $179,189 |
| 56 | Pocomoke City | 55.0 | $48,609 | $207,547 |
| 57 | Cambridge | 55.5 | $44,114 | $242,774 |
| 58 | Cumberland | 58.0 | $45,915 | $139,025 |
| 59 | Frostburg | 58.0 | $44,658 | $164,894 |
| 60 | Princess Anne | 58.5 | $42,250 | $203,226 |
