Is Eldersburg, Maryland a Good Place To Live? - Living In Eldersburg, MD

Is Eldersburg, Maryland a good place to live?
Eldersburg is a city in Maryland state in USA with a population of 30550 residents.. The poverty rate of Eldersburg is 3.4%, which is 76% lower than national average. The typical household in Eldersburg earns $125981 a year, compared to the national median of $67,500. Nearly 15.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Eldersburg, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Eldersburg remained 2.7%, which is 43% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Eldersburg, only 49% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Eldersburg is 126, which is 26% higher than national average. Median home value in Eldersburg is $391600 , which is 70% higher than national average. While median income in Eldersburg remained $125981, which is 87% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
30550
Unemployment
2.7%
43% NAT AVG.
Poverty
3.4%
76% NAT AVG.
Overall Score
6
Median Home Cost
$391600
70% NAT AVG.
Median Income
$125981
87% NAT AVG.
Median Rent
$1235
6% NAT AVG.
Cost Of Living
126
26% NAT AVG.
People Living BPL
1 in 29
Unemployed People
1 in 37
People Earning < $10,000
1 in 56
People Earning < $50,000
15.6%
People with <= High School
1 in 4
People With Any Degree
1 in 1.8
Pros & Cons Overview

Jobs90%

Housing90%

Affordability85%

Safety80%

Amenities80%

Diversity70%

Education85%

Commute30%