Maryland is a state blessed with natural beauty, a rich history, and thriving urban centers. Known for its high median household income and economic growth, it’s no surprise that many of the wealthiest cities in the United States can be found within this East Coast gem.
This blog post delves into an extensive research-based exploration of Maryland’s most affluent areas, revealing the cities where success and wealth abound.
Known for its thriving industries such as biotechnology, aerospace, defense, and information technology, Maryland has become an attractive destination for businesses and individuals alike seeking financial success.
Through extensive research on income levels, property values, education attainment rates, and economic opportunities provided by these cities’ robust business environments, we have identified Maryland’s top high-net-worth locales.
From waterfront communities to bustling urban centers with impressive skylines, our list showcases a variety of different places offering unique experiences to their affluent residents.
12 Richest Cities in Maryland
Here are the most affluent towns in Maryland.
12. Bel Air
Bel Air, situated in Harford County, Maryland, enjoys a prominent position among the wealthiest cities in Maryland. This thriving town presents an array of appealing features for its residents – from exceptional schools and recreational facilities to superb dining and shopping options.
When it comes to financial prosperity, the U.S. Census Bureau indicates that the median household income for this prosperous enclave reaches an impressive $64,036 per year.
As per the U.S. Census Bureau, this vibrant community is home to around 10,596 residents who relish the high quality of life that Bel Air offers.
The real estate landscape further underscores Bel Air’s affluent status; according to Zillow data, the median home value hovers around $419,347.
The harmonious blend of historical landmarks and contemporary amenities makes Bel Air a delightful destination for families and individuals seeking comfortable living with a touch of grandeur.
The serene town of Walkersville, positioned in Frederick County, Maryland, holds a position among the affluent neighborhoods of MD.
This prosperous town represents an ideal blend of rural tranquility and modern conveniences that make it one of Maryland’s most sought-after locations for those desiring a refined lifestyle.
Real estate trends in Walkersville also reflect its prosperity; as stated by Zillow data, the median home value is around $413,532.
Data USA reports that Walkersville’s population stands at approximately 6,306 residents who enjoy a high standard of living within this picturesque community.
The U.S. Census Bureau reveals that the median household income for this affluent area is an impressive $114,340 per year.
Known for its beautiful landscapes and quaint small-town charm, Walkersville attracts families and professionals who appreciate access to top-rated schools and recreational amenities.
10. Chesapeake Beach
Chesapeake Beach ranks among the high-income areas in Maryland, with its picturesque location in Calvert County, Maryland. The U.S.
This charming community offers excellent schools and amenities while maintaining a serene atmosphere which solidifies its position as one of Maryland’s most affluent towns.
Census Bureau findings reveal that approximately 6,351 residents call this scenic coastal community their home and enjoy a high quality of life therein.
Speaking to its affluence, the Census Bureau reports that the median household income in Chesapeake Beach is an impressive $120,194 per year.
The real estate market further reflects the prosperity of this town; according to the latest Zillow data, the median home value sits around $421,478.
With its stunning waterfront views and an array of recreational opportunities such as boating and fishing, Chesapeake Beach attracts families and individuals seeking a luxurious yet relaxed lifestyle.
Rockville, a thriving city nestled in Montgomery County, Maryland, earns its place on the list of richest communities in Maryland.
With a harmonious balance between modern urban living and suburban charm, Rockville continues to attract families and professionals eager for both comfort and opportunity.
The prosperous real estate market complements Rockville’s affluent standing; Zillow’s data shows that the median home value here stands at approximately $600,176.
According to the U.S. Census Bureau, this bustling urban hub has an estimated population of 66,924 residents who enjoy access to excellent amenities and a high standard of living. The U.S. Census Bureau further highlights that Rockville’s median household income is remarkable at $116,031 per year.
This dynamic city is known for its top-rated schools, diverse employment opportunities, and vibrant cultural scene – all factors contributing to its reputation as one of Maryland’s wealthiest areas.
Bowie, the fifth-largest city in Maryland, is known for its affluence and strong economy. With a population of approximately 58,335 residents as per the United States Census Bureau, Bowie continues to thrive with diverse job opportunities and excellent amenities.
According to data from Zillow for 2023, the median home value in Bowie stands at $487,323, showcasing an upward trend in property prices.
The city offers a high standard of living supported by robust infrastructure and educational institutions. In terms of income levels, Bowie boasts a median household income of roughly $127,029 based on information from U.S. Census Bureau’s latest report.
This impressive figure highlights the financial stability that characterizes one of Maryland’s wealthiest cities.
7. Mount Airy
Mount Airy, situated in both Carroll and Frederick counties, holds the distinction of being one of Maryland’s wealthiest cities. According to data from the U.S. Census Bureau, this city boasts a population of approximately 9,819 residents.
This thriving suburban region offers its residents great schools and numerous amenities in addition to excellent employment possibilities that contribute considerably to its reputation as one of Maryland’s most prosperous areas.
The median household income is an impressive $136,250, reflecting the city’s strong economy and abundance of high-paying job opportunities. This affluence directly impacts home prices within the community; as per Zillow.com, Mount Airy’s median home value comes to $565,795.
Tucked away in the state of Maryland, Darnestown is a small yet affluent community that offers its residents an exceptional quality of life. This upscale locale boasts excellent schools, recreational facilities, and beautiful natural surroundings.
With a population of approximately 6,754 people according to Data USA, this town has been recognized for its wealth and prosperity.
The median household income in Darnestown stands at an impressive $187,238, reflecting the affluence of its inhabitants per the U.S. Census Bureau.
When it comes to real estate, the town’s median home value is around $933,530 based on Zillow data, making it one of the more expensive areas in Maryland for property investment.
Potomac is widely recognized for its affluence and high living standards. According to the U.S. Census Bureau’s data, this wealthy town is home to an estimated population of 47,018 residents.
According to the U.S. Census Bureau’s data, the median household income in Potomac stands at a staggering $198,870 per year, making it one of the most prosperous communities in the nation.
In terms of real estate prices, Zillow reports that the median home value in Potomac is approximately $1.2 million. This affluent area attracts families and professionals seeking a luxurious lifestyle with access to excellent schools and amenities found within its boundaries.
Located in Montgomery County, Maryland, Bethesda is recognized for its upscale living and thriving economy. With a median household income of $178,370 per year per the U.S. Census Bureau, it’s apparent that Bethesda is home to numerous high-income families and professionals.
In regard to real estate market trends, Zillow states that the median home value in Bethesda stands at $1.1 million. This prosperous city offers excellent educational institutions, diverse cultural attractions, and ample employment opportunities within its confines.
The combination of these factors contributes to Bethesda’s high ranking among the millionaire cities in Maryland and beyond.
Its prime location near Washington D.C., along with an attractive mix of luxurious residential properties and thriving commercial establishments make it a sought-after destination for those seeking an exceptional quality of life.
Nestled in Montgomery County, Poolesville is often recognized as one of the richest cities in Maryland. This quaint town boasts a relatively small population of approximately 5,688 residents, yet it offers an excellent quality of life.
According to recent data from the U.S. Census Bureau, the median household income in Poolesville stands at an impressive $201,607 per year. The town’s affluence also reflects in its real estate market; Zillow reports that the median home value currently hovers around $652,443.
Apart from these economic indicators, Poolesville takes pride in its top-ranking public schools and charming community atmosphere that makes it an attractive destination for families seeking a prosperous and comfortable lifestyle within Maryland.
2. Chevy Chase
Situated in Montgomery County, Maryland, Chevy Chase is a sophisticated and affluent town that ranks prominently among the wealthiest cities in Maryland.
Chevy Chase’s blend of historic charm and modern luxury has secured its place as one of Maryland’s most sought-after communities for opulent living.
According to the Data Commons, this elegant community boasts a population of approximately 9,801 residents who enjoy an exceptional quality of life. The median household income for Chevy Chase stands out at an impressive $207,971 per year as per U.S. Census Bureau’s findings.
This prestigious town is characterized by its tree-lined streets, stately homes, and access to exceptional schools and amenities, making it an attractive destination for discerning families and individuals alike.
In line with its upscale status, Zillow reports that the median home value within this distinguished locale is around $1.4 million.
Nestled in Montgomery County, Maryland, the small town of Travilah boasts an impressive status among the exclusive residential areas in Maryland.
Real estate trends are reflective of Travilah’s affluence as well; Redfin reports that the median home value within this prosperous locale is approximately $1.5 million as of 2023.
Maryland Demographics by CUBIT, Travilah has a population of about 11,052 residents who enjoy the benefits of high living standards and enticing community features while the median household income for this well-off area surpasses many others at $238,194 according to U.S. Census Bureau estimates.
It is no surprise that professionals, families, and retirees find themselves drawn to this charming community characterized by its beautiful homes, tree-lined streets, and access to top-notch schools and amenities.