Income & Economy in Chance, MD

Household income, poverty rates, employment, and economic data — 2023 ACS Data

Income Overview

Source: U.S. Census Bureau ACS (2023)

Median Household Income

$63,500

-13% vs national

Per Capita Income

$43,146

+16% vs national

Poverty Rate

2.8%

-80% vs national

Gini Index

0.3560

0 = perfect equality

Unemployment

6.1%

+17% vs national

SNAP Recipients

7.8%

of households

How Chance Compares

Source: Census ACS (2023)

Chance vs Similar Cities

Source: Census ACS (2023)

Compared to cities with under 10,000 residents. Chance is highlighted.

Median Household Income

Per Capita Income

Poverty Rate

Unemployment Rate

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Where Do You Stack Up?

Enter your household income to see how you compare to other households in Chance. The median household income here is $63,500.

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Income Distribution

Source: U.S. Census Bureau ACS (2023)
$25-50K
36.3%
$50-75K
26.5%
$75-100K
4.9%
$100-150K
14.7%
$150-200K
11.8%
$200K+
5.9%

Employment Snapshot

Source: U.S. Census Bureau ACS (2023)

Unemployment Rate

6.1%

+29% vs MD avg

Labor Force

99

Employed

93

How People Get to Work

Source: Census ACS (2023)

Employment by Sector

Source: Census ACS (2023)

Education & Workforce

Source: U.S. Census Bureau ACS (2023)

Bachelor's Degree+

4.1%

of adults 25+

High School Diploma+

31.2%

of adults 25+

Median Age

62.1

Work from Home

12.9%

of workers

The median household income in Chance, MD is $63,500, which is 13.3% below the national average of $73,224. Per capita income is $43,146. The poverty rate of 2.8% is lower than the MD state average of 9.4%. The Gini index of income inequality is 0.3560, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 6.1%, compared to the state average of 4.7%. 4.1% of adults hold a bachelor's degree or higher.