Talbot County MD Data & Peer Group Rankings

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

POPULATION
Total Population	38,534 (100%)
Population in Households	38,151 (99.0%)
Population in Families	30,343 (78.7%)
Population in Group Quarters¹	383 ( 1.0%)
Population Density	144
Diversity Index²	43


INCOME
Median Household Income	$68,113
Average Household Income	$107,069
% of Income for Mortgage⁴	20%
Per Capita Income	$45,755
Wealth Index⁵	157

HOUSING
Total HU (Housing Units)	20,306 (100%)
Owner Occupied HU	10,625 (52.3%)
Renter Occupied HU	5,834 (28.7%)
Vacant Housing Units	3,847 (18.9%)
Median Home Value	$320,559
Average Home Value	$487,358
Housing Affordability Index³	123

HOUSEHOLDS
Total Households	16,459
Average Household Size	2.32
Family Households	10,742
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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.19%	-0.19%
Households	0.18%	-0.2%
Families	0.04%	-0.3%
Median Household Income		1.27%
Per Capita Income		2.45%
Owner Occupied HU		-0.06%

Talbot County MD - Peer Comparisons by Rank and Percentile

The table below compares Talbot County to the other 24 counties / independent cities and county equivalents 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	# 19	25th
Population Density	# 17	33rd
Median Household Income	# 14	46th
Housing Affordability Index	# 4	17th
Per Capita Income	# 5	83rd
Diversity Index	# 15	42nd

Variable Description

Rank

Percentile

Total Population

# 19

25th

Population Density

# 17

33rd

Median Household Income

# 14

46th

Housing Affordability Index

# 4

17th

Per Capita Income

# 5

83rd

Diversity Index

# 15

42nd

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Talbot County MD Information

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Talbot County MD - Peer Comparisons by Rank and Percentile

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