These Are The 10 Richest Cities In Maryland For 2018

We analyzed over 193 places in Maryland to determine where the 1% live.

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Poolesville, Mount Airy, Hampstead: These cities aren’t just some of the best places to live in Maryland. They are also home to some of the richest people in the Old Line State.

Poolesville in particular houses the richest residents in the state thanks, in part, to a median household income of $150,000 and a ridiculously low poverty rate of 1.5%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Maryland share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 41 places in Maryland with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Maryland for 2018:

  1. Poolesville (Photos | Homes For Sale)
  2. Mount Airy (Photos | Homes For Sale)
  3. Hampstead (Photos | Homes For Sale)
  4. Walkersville (Photos | Homes For Sale)
  5. Rockville (Photos | Homes For Sale)
  6. Bowie (Photos | Homes For Sale)
  7. Bel Air (Photos | Homes For Sale)
  8. La Plata (Photos | Homes For Sale)
  9. Annapolis (Photos | Homes For Sale)
  10. Cheverly (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Maryland.

Rich people not your cup of tea? Feel free to check out the best places to live in Maryland or the poorest.

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How We Determined The Richest Places In Maryland For 2018

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 2012-2016 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 Place In Maryland For 2018’.

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

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1. Poolesville

Poolesville, Maryland

Population: 5,108
Median Income: $150,000
Unemployment Rate: 3.6%
Poverty Rate: 1.5%
More on Poolesville: Homes For Sale | Data
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 (but is technically not part of) the Montgomery County Agricultural Reserve, and is considered a distant bedroom community for commuters to Washington, D.C.

2. Mount Airy

Mount Airy, Maryland

Population: 9,376
Median Income: $108,578
Unemployment Rate: 4.9%
Poverty Rate: 2.3%
More on Mount Airy: Homes For Sale | Data
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.

3. Hampstead

Hampstead, Maryland

Source: Public domain

Population: 6,352
Median Income: $80,313
Unemployment Rate: 4.3%
Poverty Rate: 3.8%
More on Hampstead: Homes For Sale | Data
Hampstead is a town in Carroll County in the U.S. state of Maryland. The population was 6,323 at the 2010 census.

4. Walkersville

Walkersville, Maryland

Source: Public domain

Population: 5,989
Median Income: $84,891
Unemployment Rate: 4.2%
Poverty Rate: 7.3%
More on Walkersville: Homes For Sale | Data
Walkersville is a town in Frederick County, Maryland, United States. The population was 5,800 at the 2010 census.

5. Rockville

Rockville, Maryland

Source: Public domain

Population: 65,171
Median Income: $101,774
Unemployment Rate: 4.9%
Poverty Rate: 7.3%
More on Rockville: Homes For Sale | Data
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.

6. Bowie

Bowie, Maryland

Population: 57,633
Median Income: $106,098
Unemployment Rate: 6.8%
Poverty Rate: 3.3%
More on Bowie: Homes For Sale | Data
Bowie /bui/ 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.

7. Bel Air

Bel Air, Maryland

Source: Public domain

Population: 10,211
Median Income: $69,733
Unemployment Rate: 4.9%
Poverty Rate: 5.7%
More on Bel Air: Homes For Sale | Data
The town of Bel Air is the county seat of Harford County, Maryland. According to the 2010 United States Census the population of the town was 10,120.

8. La Plata

La Plata, Maryland

Population: 9,059
Median Income: $87,759
Unemployment Rate: 3.4%
Poverty Rate: 11.5%
More on La Plata: Homes For Sale | Data
La Plata /lplet/ ( listen) 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.

9. Annapolis

Annapolis, Maryland

Population: 39,009
Median Income: $74,187
Unemployment Rate: 5.1%
Poverty Rate: 10.9%
More on Annapolis: Homes For Sale | Data
Annapolis (/næpls/) is the capital of the U.S. state of Maryland, as well as the county seat of Anne Arundel County. Situated on the Chesapeake Bay at the mouth of the Severn River, 25 miles (40 km) south of Baltimore and about 30 miles (50 km) east of Washington, D.C., Annapolis is part of the Baltimore–Washington metropolitan area. Its population was measured at 38,394 by the 2010 census.

10. Cheverly

Cheverly, Maryland

Source: Public domain

Population: 6,390
Median Income: $96,325
Unemployment Rate: 8.8%
Poverty Rate: 5.2%
More on Cheverly: Homes For Sale | Data
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.

There You Have It – The Wealthiest Places In Maryland For 2018

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

For more Maryland reading , check out:

  • 10 Most Diverse Cities In Maryland
  • 10 Safest Places In Maryland
  • 10 Best Places To Raise A Family In Maryland
  • Detailed List Of The Richest Cities In Maryland

    City Rank Median Income
    Poolesville 1 $150,000
    Mount Airy 2 $108,578
    Hampstead 3 $80,313
    Walkersville 4 $84,891
    Rockville 5 $101,774
    Bowie 6 $106,098
    Bel Air 7 $69,733
    La Plata 8 $87,759
    Annapolis 9 $74,187
    Cheverly 10 $96,325
    Gaithersburg 11 $83,724
    Takoma Park 12 $78,921
    Greenbelt 13 $67,162
    Chesapeake Beach 14 $103,342
    Taneytown 15 $66,392
    Laurel 16 $68,304
    Frederick 17 $66,206
    Thurmont 18 $70,954
    Glenarden 19 $73,355
    Fruitland 20 $67,583
    Hyattsville 21 $65,452
    Easton 22 $51,052
    Westminster 23 $56,354
    Brunswick 24 $64,853
    Ocean City 25 $53,288
    Havre De Grace 26 $69,284
    Aberdeen 27 $51,956
    College Park 28 $64,694
    District Heights 29 $64,531
    Riverdale Park 30 $61,520
    Elkton 31 $52,515
    New Carrollton 32 $60,645
    Cheste 33 $38,813
    Mount Rainier 34 $50,345
    Bladensburg 35 $44,236
    Salisbury 36 $37,780
    Baltimore 37 $44,262
    Hagerstown 38 $40,342
    Cumberland 39 $31,855
    Cambridge 40 $36,600
    Frostburg 41 $35,833

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