Taylors Island, MD Profile: Facts & Data

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Taylors Island, Maryland - Basic Facts

The Taylors Island Census Designated Place had a population of 174 as of July 1, 2020. Taylors Island ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Maryland. See peer rankings below.

The primary coordinate point for Taylors Island is located at latitude 38.469 and longitude -76.2991 in Dorchester County. The formal boundaries for the Taylors Island Census Designated Place encompass a land area of 4.14 sq. miles and a water area of 0.02 sq. miles. Dorchester County is in the Eastern time zone (GMT -5). The elevation is 3 feet.

The Taylors Island Census Designated Place (GNIS ID: 2629808) 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.

The Taylors Island Census Designated Place is located within District 4, Taylors Island, a minor civil division (MCD) of Dorchester County.

Alternate Unofficial Names for Taylors Island: Taylor Island, Taylor's Island.

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

POPULATION

Total Population 174 (100%)
Population in Households 170 (97.7%)
Population in Families 137 (78.7%)
Population in Group Quarters1 4 ( 2.3%)
Population Density 42
Diversity Index2 27
 
 

INCOME

Median Household Income $58,451
Average Household Income $74,805
% of Income for Mortgage4 17%
Per Capita Income $33,396
Wealth Index5 100
 

HOUSING

Total HU (Housing Units) 150 (100%)
Owner Occupied HU 63 (42.0%)
Renter Occupied HU 12 ( 8.0%)
Vacant Housing Units 75 (50.0%)
Median Home Value $239,286
Average Home Value $318,846
Housing Affordability Index3 158
 

HOUSEHOLDS

Total Households 75
Average Household Size 2.27
Family Households 52
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.06% -0.46%
Households -0.13% -0.27%
Families 0.19% -0.78%
Median Household Income   0.58%
Per Capita Income   1.71%
Owner Occupied HU   -0.32%

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Taylors Island, MD - Peer Comparisons by Rank and Percentile

The table below compares Taylors Island 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.

Variable Description Rank Percentile
Total Population # 444 15th
Population Density # 515 1st
Median Household Income # 388 25th
Housing Affordability Index # 257 50th
Per Capita Income # 321 38th
Diversity Index # 352 32nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.

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