What is the median household income in Princess Anne, MD?
The median household income in Princess Anne, MD is $69,116 (±$8,332) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,048 a month would take about $41,900 a year at the common guideline of spending no more than 30% of income on rent.
In Princess Anne, the median household income went from $34,213 in 2015–2019 to $69,116 in 2020–2024 (+102.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $69,116 (±$8,332)
- Median renter income
- $52,607 (±$48,265)
- Income to afford median rent
- about $41,900
Income in Princess Anne against Somerset County, its state and the nation
| Princess Anne | Somerset County | Maryland | United States | |
|---|---|---|---|---|
| Median household income | $69,116 (±$8,332) | $64,943 (±$8,347) | $103,678 (±$597) | $80,734 |
| Median renter household income | $52,607 (±$48,265) | $41,895 (±$13,563) | $62,703 (±$866) | $52,966 |
| Median owner household income | $87,348 (±$48,665) | $73,710 (±$3,832) | $129,423 (±$883) | $100,009 |
| Median gross rent | $1,048 (±$123) | $1,013 (±$79) | $1,705 (±$8) | $1,413 |
In Princess Anne, median household income is not measurably different from Somerset County ($64,943).
It is also lower than in Maryland ($103,678).
It is lower than the national figure ($80,734).
In Somerset County, Princess Anne ranks 2 of 4 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 320 of 385.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Princess Anne
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,048 a month ($12,576 a year) needs an income of about $41,900 a year.
The median renting household in Princess Anne earns $52,607 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $34,213 (±$7,101) | $69,116 (±$8,332) | +102.0% | Up after inflation |
| Median gross rent | $869 (±$270) | $1,048 (±$123) | +20.6% | No measurable change after inflation |
| Median home value | $143,500 (±$22,162) | $231,900 (±$33,913) | +61.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Princess Anne
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Princess Anne | — | $69,116 (±$8,332) | — |
| Mount Vernon | 5.4 mi | $113,938 (±$11,914) | Higher |
| Eden | 5.5 mi | $39,559 (±$19,214) | Lower |
| Fruitland | 8.8 mi | $64,004 (±$15,462) | Not measurably different |
| Pocomoke City | 12 mi | $53,203 (±$30,013) | Not measurably different |
| Salisbury | 13 mi | $58,576 (±$4,167) | Lower |
| Hebron | 15 mi | $97,841 (±$28,982) | Not measurably different |
| Snow Hill | 17 mi | $48,382 (±$5,678) | Lower |
| Mardela Springs | 18 mi | $64,432 (±$9,767) | Not measurably different |
Nearby places with a measurably lower figure: Eden, MD ($39,559), Salisbury, MD ($58,576), Snow Hill, MD ($48,382).
Nearby places with a measurably higher figure: Mount Vernon, MD ($113,938).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Somerset County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Mount Vernon | $113,938 (±$11,914) |
| 2 | Princess Anne | $69,116 (±$8,332) |
| 3 | Crisfield | $50,139 (±$11,998) |
| 4 | Eden | $39,559 (±$19,214) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Princess Anne
What is the median household income in Princess Anne?
The median household income in Princess Anne is $69,116 (±$8,332) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Princess Anne?
About $41,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,048 a month.
Have incomes in Princess Anne kept up with inflation?
In Princess Anne, the median household income went from $34,213 in 2015–2019 to $69,116 in 2020–2024 (+102.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Princess Anne?
The median renting household in Princess Anne, MD earns $52,607 (±$48,265) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Princess Anne town, Maryland
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Princess Anne town, Maryland
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princess Anne town, Maryland
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Princess Anne town, Maryland
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Princess Anne town, Maryland
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Princess Anne town, Maryland
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Princess Anne town, Maryland (place:64000, in state:24).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Princess Anne
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- Renters and owners in Princess Anne
- Home values in Princess Anne
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- Types of homes in Princess Anne
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- Age of homes in Princess Anne
- Vacancy rate in Princess Anne
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- Crime reported to police in Princess Anne
- Population growth in Princess Anne
- How long people stay in Princess Anne
- Maryland landlord and tenant rules
- Housing across Somerset County
- Maryland places ranked by median household income
- Housing data for every place in Maryland