Algonquin, MD Profile: Facts & Data

The Algonquin Census Designated Place had a population of 1,256 as of July 1, 2020.

The primary coordinate point for Algonquin is located at latitude 38.5829 and longitude -76.1058 in Dorchester County. The formal boundaries for the Algonquin Census Designated Place encompass a land area of 0.74 sq. miles and a water area of 2.09 sq. miles. Dorchester County is in the Eastern time zone (GMT -5). The elevation is 13 feet.

The Algonquin Census Designated Place (GNIS ID: 2389122) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Algonquin, MD Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	1,256 (100%)
Population in Households	1,249 (99.4%)
Population in Families	1,035 (82.4%)
Population in Group Quarters¹	7 ( 0.6%)
Population Density	1,672
Diversity Index²	37


INCOME
Median Household Income	$76,109
Average Household Income	$104,188
% of Income for Mortgage⁴	12%
Per Capita Income	$44,780
Wealth Index⁵	169

HOUSING
Total HU (Housing Units)	623 (100%)
Owner Occupied HU	451 (72.4%)
Renter Occupied HU	108 (17.3%)
Vacant Housing Units	64 (10.3%)
Median Home Value	$217,162
Average Home Value	$231,984
Housing Affordability Index³	210

HOUSEHOLDS
Total Households	559
Average Household Size	2.23
Family Households	390
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Algonquin, MD - Peer Comparisons by Rank and Percentile

The table below compares Algonquin to the other 518 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.11%	-0.37%
Households	0.0%	-0.4%
Families	0.13%	-0.52%
Median Household Income		0.85%
Per Capita Income		2.83%
Owner Occupied HU		-0.36%

Variable Description	Rank	Percentile
Total Population	# 301	42nd
Population Density	# 223	57th
Median Household Income	# 271	48th
Housing Affordability Index	# 476	92nd
Per Capita Income	# 170	67th
Diversity Index	# 276	47th

Algonquin, MD Profile: Facts & Data

Algonquin, Maryland - Basic Facts

Algonquin, MD Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Algonquin, MD - Peer Comparisons by Rank and Percentile

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