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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.
At the end of the day, here's the set of the 10 richest places in Maryland for 2020:
- Poolesville (Photos | Homes For Sale)
- Mount Airy (Photos | Homes For Sale)
- La Plata (Photos | Homes For Sale)
- Rockville (Photos | Homes For Sale)
- Bowie (Photos | Homes For Sale)
- Walkersville (Photos | Homes For Sale)
- Taneytown (Photos | Homes For Sale)
- Chesapeake Beach (Photos | Homes For Sale)
- Hampstead (Photos | Homes For Sale)
- Cheverly (Photos | Homes For Sale)
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 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 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 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 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 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 is a town in Frederick County, Maryland, United States. The population was 5,800 at the 2010 census.
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 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 is a town in Carroll County in the U.S. state of Maryland. The population was 6,323 at the 2010 census.
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
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:
2nd Poorest: Frostburg
3rd Poorest: Hagerstown
For more Maryland reading, check out:
- Most Dangerous Cities In Maryland
- Cheapest Places To Live In Maryland
- Best Places To Live In Maryland
Detailed List Of The Richest Cities In Maryland
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