Eldorado, MD Profile: Facts & Data

The primary coordinate point for Eldorado is located at latitude 38.5843 and longitude -75.7891 in Dorchester County. The formal boundaries for the Town of Eldorado encompass a land area of 0.08 sq. miles and a water area of 0 sq. miles. Dorchester County is in the Eastern time zone (GMT -5). The elevation is 10 feet.

The Town of Eldorado (GNIS ID: 2390162) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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

POPULATION
Total Population	54 (100%)
Population in Households	54 (100.0%)
Population in Families	43 (79.6%)
Population in Group Quarters¹	0
Population Density	744
Diversity Index²	32


INCOME
Median Household Income	$47,899
Average Household Income	$61,607
% of Income for Mortgage⁴	0%
Per Capita Income	$24,250
Wealth Index⁵	62

HOUSING
Total HU (Housing Units)	26 (100%)
Owner Occupied HU	17 (65.4%)
Renter Occupied HU	4 (15.4%)
Vacant Housing Units	5 (19.2%)
Median Home Value	$208,333
Average Home Value	$219,118
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	21
Average Household Size	2.57
Family Households	14
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.

Eldorado, MD - Peer Comparisons by Rank and Percentile

The table below compares Eldorado 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	-0.86%	-0.75%
Households	-0.88%	-0.97%
Families	-1.88%	0.0%
Median Household Income		0.86%
Per Capita Income		1.63%
Owner Occupied HU		-1.21%

Variable Description	Rank	Percentile
Total Population	# 508	2nd
Population Density	# 333	36th
Median Household Income	# 459	12th
Housing Affordability Index	# 48	9th
Per Capita Income	# 454	13th
Diversity Index	# 317	39th

Eldorado, MD Profile: Facts & Data

Eldorado, Maryland - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Eldorado, MD - Peer Comparisons by Rank and Percentile

Eldorado, MD - Most Popular Things to Do

Use HTL Address Research for a Maryland Address and get...

Quick & Easy Ways to...

Maryland Census Data Comparison Tool

More Tools and Resources:

COVID-19 Statistics and Data

Dorchester County

Eldorado Jobs