Wealthiest Towns in Maryland

6 Wealthiest Towns in Maryland

Maryland is home to some of the wealthiest Americans in the country. In fact, billionaires such as Ted Lerner and Dan Snyder live in Maryland. Here are the top 6 wealthiest towns in Maryland. The information presented in this article is based on data from the US Census American Community Survey and the rankings are based on median household income.

Wealthiest Towns in Maryland
Wealthiest Towns in Maryland

1. Travilah, MD

Travilah is one of the wealthiest towns in Maryland. Located in Montgomery County, Travilah has a population of 11,985.  Travilah is home to some of the most affluent Maryland residents with a median household income of $238,194. 

The median home value in Travilah is $1,103,400. The homes in Travilah are primarily owner-occupied with 96.2% owner-occupied and only 3.8% rentals. 

Travilah residents are well educated with 78.3% of residents having obtained a bachelor’s degree or higher. Travilah residents live a good work-life balance with an average commute time of 31.5 minutes.

Median Household Income$238,194
Bachelor’s Degree or Higher78.3%
Median Home Value$1,103,400
Travilah MD Town Profile

2. Chevy Chase, MD

Chevy Chase is one of the wealthiest towns in Maryland. Located in Montgomery County, Chevy Chase has a population of 10,176. Home to some of the most affluent Maryland residents, Chevy Chase has a median household income of $207,971. 

The median home value in Chevy Chase is $999,200. The homes in Chevy Chase are primarily owner-occupied with 74% owner-occupied and only 26% rentals. 

Chevy Chase residents are well educated with 87.5% of residents having obtained a bachelor’s degree or higher. Chevy Chase residents live a good work-life balance with an average commute time of 30 minutes.

Median Household Income$207,971
Bachelor’s Degree or Higher87.5%
Median Home Value$999,200
Chevy Chase MD Town Profile

3. Potomac, MD

Potomac is one of the wealthiest towns in Maryland. Located in Montgomery County, Potomac has a population of 47,018. Home to some of the most affluent Maryland residents, Potomac has a median household income of $198,870. 

The median home value in Potomac is $937,000. The homes in Potomac are primarily owner-occupied with 84.9% owner-occupied and only 15.1% rentals. 

Potomac residents are well educated with 83.8% of residents having obtained a bachelor’s degree or higher. Potomac residents live a good work-life balance with an average commute time of 31.5 minutes.

Median Household Income$198,870
Bachelor’s Degree or Higher83.8%
Median Home Value$937,000
Potomoac MD Profile

4. South Kensington, MD

South Kensington is one of the wealthiest towns in Maryland. Located in Montgomery County, South Kensington has a population of 8,829. South Kensington is home to some of the most affluent Maryland residents, it has a median household income of $197,500. 

The median home value in South Kensington is $806,700. The homes in South Kensington are primarily owner-occupied with 87.9% owner-occupied and only 12.1% rentals. 

South Kensington residents are well educated with 80.7% of residents have obtained a bachelor’s degree or higher. South Kensington residents live a good work-life balance with an average commute time of 30.6 minutes.

Median Household Income$197,500
Bachelor’s Degree or Higher80.7%
Median Home Value$806,700
South Kensington MD Profile

Check out: 7 Richest People in Maryland

5. Darnestown, MD

Darnestown is one of the richest towns in Maryland. Located in Montgomery County, Darnestown has a population of 6,723. Home to some of the most affluent Maryland residents, Darnestown has a median household income of $187,238. 

The median home value in Darnestown is $760,900. The homes in Darnestown are primarily owner-occupied with 87.6% owner-occupied and only 12.4% rentals. 

Darnestown residents are well educated with 71.5% of residents have obtained a bachelor’s degree or higher. Darnestown residents live a good work-life balance with an average commute time of 34.9 minutes.

Median Household Income$187,238
Bachelor’s Degree or Higher71.50%
Median Home Value$760,900
Darnestown MD Profile

6. Bethesda, MD

Bethesda is one of the richest towns in Maryland. Located in Montgomery County, Bethesda has a population of 68,056. Home to some of the most affluent Maryland residents, Bethesda has a median household income of $178,370. 

The median home value in Bethesda is $958,400. The homes in Bethesda are primarily owner-occupied with 65.6% owner-occupied and only 34.4% rentals. 

Bethesda residents are well educated with 87.9% of residents having obtained a bachelor’s degree or higher. Bethesda residents live a good work-life balance with an average commute time of 29.2 minutes.

Median Household Income$178,370
Bachelor’s Degree or Higher87.9%
Median Home Value$958,400
Bethesda MD Profile

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