Maryland is one of the richest states in the country and is known by many as “America in Miniature” due to its varied geography.
The state has a large number of billionaires and Fortune 500 companies, with its largest private employers being Johns Hopkins University and Johns Hopkins Hospital, and its largest public employer being the U.S. government.
The state boasts some of the top schools in the country and is also known for its thriving economy which has been bolstered by several technology companies that have their headquarters there.
The state is considered to be one of the most innovative in terms of its economy and has a thriving tech industry which makes it an attractive place to live, work and raise a family.
The 10 Richest Cities In Maryland
Maryland is home to some of the most affluent cities in the U.S. and is known for its affluence as well as 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 U.S.
Maryland offers locals a great quality of life with its mild winters, very low cost of living, and above-average median income.
More than 60 percent of Maryland residents own their homes and the state is home to some of the richest cities in the country, including Poolesville, Mount Airy, and Bowie.
Here are some of the most affluent cities in Maryland:
1. Poolesville – Median Household Income of $183,700
Poolesville is one of the richest towns in Maryland with a median household income of $183,700. The area has also received recognition for its strong public schools.
However, making such an affluent community even more appealing is the fact that it is home to a number of family-friendly businesses and parks, including Poolesville Golf Course and Poolesville Town Center.
It has a lot of history and many monuments to show for it like Seneca Quarry. It’s a beautiful town with great people and we highly recommend living here.
Related: Why Is Washington DC So Expensive?
2. Mount Airy – Median Household Income of $125,365
Mount Airy is one of the richest cities in Maryland with a median income of $125,365. A city’s quality of life is the sum of its parts and few cities are as well-rounded as Mount Airy, Maryland.
The small town of 9,439 people is home to some amazing parks, a tight-knit community, and a host of cultural opportunities.
The city’s proximity to Washington D.C. makes it a great destination for those who want to be close to the action without actually living in the District or its surrounding suburbs.
Mount Airy is a diverse community with plenty of things to do for everyone from families with young children to working professionals.
Related: The 10 Richest Cities In Oregon
3. Bowie – Median Household Income of $116,796
Bowie is one of the wealthiest cities in Maryland located in Prince George’s County and the median household income is $116,796 per year.
This makes Bowie the 3rd richest city in Maryland. The median home price is $474,507 and the median income per capita is $50,185. Bowie has a cost of living index of 128.5 and a grocery index rating of 108.8.
The average commute time for residents is 35.2 minutes. The public schools are highly rated and there’s easy access to Washington D.C., Baltimore, and Annapolis via the Washington Metro Area Transit Authority bus service or the commuter MARC train.
The city hosts many annual events such as the Bowie International Festival in September, a Fourth of July Concert and Fireworks display, and various seasonal parades.
4. Rockville – Median Household Income of $111,797
Rockville is one of the richest cities in Maryland with a median household income of well over $111,797. This is driven by a large number of highly educated workers who have good jobs and can afford to spend money on retail.
In fact, the city has the highest concentration of science, engineering, and tech jobs in Maryland. Rockville is located near Washington D.C., which helps it attract lots of young professionals.
The median age here is 38.7 years, which is much equal to the state average of 38.7 years. The city is also home to a number of large companies that employ lots of residents.
These include Lockheed Martin Corporation and Coventry Health Care Inc. Many people are employed in the healthcare industry, which includes Suburban Hospital and Shady Grove Adventist Hospital.
Related: The 10 Richest Cities In Michigan
5. Chesapeake Beach – Median Household Income of $111,379
The incorporated town of Chesapeake Beach is one of the wealthiest towns in Maryland with a median household income of $111,379. The area attracts a diverse population ranging from young families to retirees.
The resort town has a family-friendly atmosphere and hosts a variety of activities and events throughout the year, including free summer concerts and an annual oyster festival.
The city is also home to some of the country’s finest restaurants and hotels that offer spectacular views of the bay. The average monthly rent is $1,300, which is higher than many other areas in Calvert County.
Many renters opt to purchase their own homes as soon as they can afford them, so rental properties can be difficult to find here.
6. Walkersville – Median Household Income of $107,781
Walkersville is one of the wealthiest towns in Maryland with a high quality of life. The town has won awards for its above-average public schools and is home to a highly-skilled workforce.
While job growth has been strong in recent years, there are some signs that economic activity may be slowing.
The town’s economy depends mostly on tourism, but tourism is slowing down because of an increase in gas prices and new laws that limit access to the state park system, which is popular with visitors.
Walkersville has a relatively high cost of living compared to other towns in Maryland, but residents do enjoy a lower cost of living than residents of nearby cities like Baltimore and Annapolis.
Related: The 10 Wealthiest Cities In Georgia
7. Bel Air – Median Household Income of $100,824
Bel Air is one of the wealthiest towns in Maryland with a median household income of $100,824, according to data from the U.S. Census Bureau.
The town’s population of 10,071 and its location in Harford County make Bel Air a great place to live for young people looking for a quiet neighborhood.
The town is known for its large number of historical homes and horse farms. Many residents commute to Baltimore and Philadelphia, but most work in the town’s growing retail and service industry.
This affluent community is home to more than 30 parks and has a wide range of recreational activities for residents. With so many things to do, Bel Air is a perfect weekend getaway for city dwellers as well as visitors.
8. Cheverly – Median Household Income of $99,261
Cheverly is one of the wealthiest towns in Maryland with a median household income of more than $99,261, according to the U.S. Census Bureau. It’s also one of the most diverse.
The town was founded in 1918 by African Americans as an alternative to segregated housing, and it remains a place where middle-class families from all backgrounds can afford to own homes with yards.
Although Cheverly is part of the Washington metropolitan area, it retains its small-town charm. The town center has a park, a post office, and other amenities, including a pool that residents say is the best in the county.
The town has long been known as a racially integrated town, with a population that is around 57.1 percent African American.
Cheverly has been rated as one of the top places to live and a great place to retire.
Related: The 12 Wealthiest Cities In Florida
9. La Plata – Median Household Income of $94,755
The town is home to several state and county buildings including the Charles County Circuit Courthouse. While La Plata might have a small population, there are many activities for its residents to enjoy.
The city’s proximity to Washington D.C., Andrews Air Force Base, and major highways makes it an attractive place for commuters. There are over 40 acres of parks and recreational areas throughout the town.
One of the most popular events in La Plata is the annual Christmas parade which draws thousands of spectators from across southern Maryland.
The town’s central location makes it an ideal place for commuters who work in Washington D.C., Baltimore, or Annapolis. It’s also within driving distance of many Chesapeake Bay beaches.
10. Glenarden – Median Household Income of $87,917
Glenarden is one of the wealthiest cities in Maryland with a median income of $87,917. The city is located 14 miles outside of Washington, D.C., and provides easy access to major highways.
It’s also one of the youngest communities in the state with a median age of 40.1 years. Since the city has a population of only 6,137, it doesn’t have the same cultural and entertainment options as larger cities.
However, with a short commute to Baltimore and Washington, D.C., residents can enjoy the best of both worlds. The median home value in Glenarden is $365,000 which is much lower than the state average.
The majority of homes are occupied by their owners which makes it a great place to settle down with your family.
Table of Contents