Richest Cities In Maryland For 2020


We analyzed 41 places in Maryland to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Maryland.

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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, HomeSnacks' list of the top ten richest places for 2020.

How do you get your hands on one of these Maryland gems? Well, a couple of things are going to have to fall into place for you. First, you are going to need a high paying job: one that pays on average $73,457/year. Although, to make this dream a reality, you might want to bring a job to the table: currently, there are not many high paying jobs within a short driving distance of the top ten places. Incidentally, the highest paying jobs in the state are in healthcare and tech and the state's overall unemployment rate is below the national average.

The upside to living the Maryland dream, however, 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.

Whatever you decide, don't make any major life changing decisions until you take a gander at the list of Maryland's richest places below.

It was quite a feat to narrow down the richest places in Little America. The state is, after all, one of the richest states in the country. So, to cut down our list, we looked at the latest Census data from the American Community Survey for 41 Maryland cities with more than 5,000 residents. And, folks, the number one richest place in Maryland does not disappoint.

So, what is the richest place in Maryland for 2020? That would be, Poolesville.

To see a list of the rest of Maryland's richest places, hit that down arrow. And if you don't find what you're looking for there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about Maryland:

The 10 Richest Cities In Maryland For 2020

Poolesville, MD

Overall SnackAbility

6
/10

Population: 5,170
Rank Last Year: 1 (No Change)
Median Income: $170,093
Unemployment Rate: 3.7%
Poverty Rate: 1.3%
More on Poolesville: Real Estate | Data | Photos

Poolesville is a town in the western portion of Montgomery County, Maryland. The population was 4,883 at the 2010 United States Census. It is surrounded by the Montgomery County Agricultural Reserve, and is considered a distant bedroom community for commuters to Washington, D.C.

Mount Airy, MD

Overall SnackAbility

6
/10

Population: 9,395
Rank Last Year: 2 (No Change)
Median Income: $117,341
Unemployment Rate: 3.1%
Poverty Rate: 4.3%
More on Mount Airy: Real Estate | Data | Photos

Mount Airy is a town located in Carroll and Frederick counties in the U.S. state of Maryland. It is part of both the Washington Metropolitan Area and Baltimore Metropolitan Area. As of the 2010 census the population was 9,288.

La Plata, MD

Overall SnackAbility

8.5
/10

Population: 9,252
Rank Last Year: 3 (No Change)
Median Income: $83,656
Unemployment Rate: 3.4%
Poverty Rate: 4.2%
More on La Plata: Real Estate | Data | Photos

La Plata is a town in Charles County, Maryland, United States. The population was 8,753 at the 2010 census. It is the county seat of Charles County.

Rockville, MD

Overall SnackAbility

7.5
/10

Population: 67,062
Rank Last Year: 5 (Up 1)
Median Income: $105,376
Unemployment Rate: 4.6%
Poverty Rate: 6.6%
More on Rockville: Real Estate | Data | Photos

Rockville is a U.S. city located in the central region of Montgomery County, Maryland. It is the county seat and is a major incorporated city of Montgomery County and forms part of the Baltimore-Washington metropolitan area. The 2010 census tabulated Rockville's population at 61,209, making it the third largest incorporated city in Maryland, behind Baltimore and Frederick. Rockville is the largest incorporated city in Montgomery County, Maryland, although the nearby census-designated place of Germantown is more populous.

Bowie, MD

Overall SnackAbility

9
/10

Population: 58,368
Rank Last Year: 4 (Down 1)
Median Income: $112,444
Unemployment Rate: 5.8%
Poverty Rate: 3.1%
More on Bowie: Real Estate | Data | Photos

Bowie is a city in Prince George's County, Maryland. The population was 54,727 at the 2010 U.S. Census. Bowie has grown from a small railroad stop to the largest municipality in Prince George's County, and the fifth most populous city and third largest city by area in the U.S. state of Maryland. In 2014 CNN Money ranked Bowie 28th in its Best Places to Live in America list.

Walkersville, MD

Source: Public domain
Overall SnackAbility

6
/10

Population: 6,095
Rank Last Year: 7 (Up 1)
Median Income: $84,824
Unemployment Rate: 4.3%
Poverty Rate: 7.7%
More on Walkersville: Real Estate | Data | Photos

Walkersville is a town in Frederick County, Maryland, United States. The population was 5,800 at the 2010 census.

Taneytown, MD

Overall SnackAbility

9
/10

Population: 6,774
Rank Last Year: 15 (Up 8)
Median Income: $73,457
Unemployment Rate: 2.0%
Poverty Rate: 8.4%
More on Taneytown: Real Estate | Data | Photos

Taneytown is a town in Carroll County, Maryland, United States. The population was 6,728 at the 2010 census. Taneytown was founded in 1754. Of the town, George Washington once wrote, "Tan-nee town is but a small place with only the Street through wch. the road passes, built on. The buildings are principally of wood." Taneytown has a history museum that displays the history of the town for visitors and citizens to see. The Bullfrog Road Bridge was listed on the National Register of Historic Places in 1978.

Chesapeake Beach, MD

Overall SnackAbility

6
/10

Population: 5,922
Rank Last Year: 11 (Up 3)
Median Income: $101,517
Unemployment Rate: 5.9%
Poverty Rate: 6.9%
More on Chesapeake Beach: Real Estate | Data | Photos

Chesapeake Beach is a town in Calvert County, Maryland. Its major attractions include the Chesapeake Beach Railway Station, the Chesapeake Beach Rail Trail, a water park, marinas, piers, and charter boat fishing. The town's population was recorded as 5,753 in the 2010 census.

Hampstead, MD

Source: Public domain
Overall SnackAbility

9
/10

Population: 6,340
Rank Last Year: 6 (Down 3)
Median Income: $75,286
Unemployment Rate: 5.7%
Poverty Rate: 5.6%
More on Hampstead: Real Estate | Data | Photos

Hampstead is a town in Carroll County in the U.S. state of Maryland. The population was 6,323 at the 2010 census.

Cheverly, MD

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 6,452
Rank Last Year: 12 (Up 2)
Median Income: $98,056
Unemployment Rate: 7.0%
Poverty Rate: 5.3%
More on Cheverly: Real Estate | Data | Photos

Cheverly is a town in Prince George's County, Maryland, just outside Washington, D.C., United States. The town was founded in 1918, and it was incorporated in 1931. Cheverly had 6,173 residents as of the 2010 Census.

How We Determined The Richest Places In Maryland For 2020

Map Of The Richest Places To Live In Maryland
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify 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 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 41 places with more than 5,000 people in Maryland, we ranked each place from 1 to 41 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 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 41 places.

There You Have It - The Wealthiest Places In Maryland For 2020

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.

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: Cumberland
2nd Poorest: Frostburg
3rd Poorest: Hagerstown

For more Maryland reading, check out:

Detailed List Of The Richest Cities In Maryland

Rank City RichScore Median Income
1 Poolesville 2.67 $170,093
2 Mount Airy 3.33 $117,341
3 La Plata 6.67 $83,656
4 Rockville 7.33 $105,376
5 Bowie 7.67 $112,444
6 Walkersville 9.67 $84,824
7 Taneytown 11.33 $73,457
8 Chesapeake Beach 11.33 $101,517
9 Hampstead 12.33 $75,286
10 Cheverly 13.33 $98,056
11 Laurel 14.67 $75,268
12 Gaithersburg 14.67 $86,427
13 Annapolis 15.0 $83,948
14 Takoma Park 15.0 $86,439
15 Bel Air 16.67 $71,082
16 Hyattsville 16.67 $77,097
17 Thurmont 16.67 $72,868
18 Easton 18.33 $55,619
19 Frederick 20.0 $72,088
20 Brunswick 20.33 $76,708
21 Greenbelt 20.33 $72,337
22 Riverdale Park 20.67 $72,500
23 Glenarden 21.0 $91,923
24 Ocean City 22.67 $54,667
25 Havre De Grace 22.67 $74,335
26 Westminster 23.0 $60,498
27 Cheste 23.33 $39,679
28 College Park 23.67 $67,081
29 Mount Rainier 26.0 $53,869
30 Aberdeen 28.33 $54,469
31 New Carrollton 28.67 $65,164
32 Bladensburg 29.33 $43,257
33 Elkton 31.33 $55,165
34 District Heights 31.33 $70,382
35 Fruitland 31.67 $58,375
36 Baltimore 34.67 $48,840
37 Salisbury 36.0 $38,645
38 Cambridge 37.33 $39,007
39 Hagerstown 38.0 $40,531
40 Frostburg 38.67 $39,247
41 Cumberland 38.67 $34,750

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

One thought on “Richest Cities In Maryland For 2020

  1. Your are missing an entire County called Howard COunty… For example, Clarksville at 187K Ellicott city at 115K and Columbia 100K

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