Income & Economy in Towson, MD
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$100,481
+37% vs national
Per Capita Income
$60,536
+63% vs national
Poverty Rate
12.8%
-6% vs national
Gini Index
0.5117
0 = perfect equality
Unemployment
4.7%
-10% vs national
SNAP Recipients
4.5%
of households
How Towson Compares
Source: Census ACS (2023)Towson vs Similar Cities
Source: Census ACS (2023)Compared to cities with 50,000 - 100,000 residents. Towson is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Towson. The median household income here is $100,481.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
4.7%
-1% vs MD avg
Labor Force
30,763
Employed
29,253
Mean Commute
20 min
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+
41.6%
of adults 25+
High School Diploma+
47.6%
of adults 25+
Median Age
33.2
Work from Home
20.8%
of workers
The median household income in Towson, MD is $100,481, which is 37.2% above the national average of $73,224. Per capita income is $60,536. The poverty rate of 12.8% is higher than the MD state average of 9.4%. The Gini index of income inequality is 0.5117, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 4.7%, compared to the state average of 4.7%. 41.6% of adults hold a bachelor's degree or higher. The average commute time is 20 minutes, with 20.8% working from home.