Aspen Hill CDP Maryland Income Charts

This section shows the Aspen Hill CDP Maryland economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Aspen Hill CDP depicts it has a Median earnings of $56,408 which is less than most other places in the local area. The place with the highest median earnings per worker in the area is Olney CDP which shows a median earnings of $93,329 (65.5% larger). Comparing median earnings per worker to the United States average of $53,269, Aspen Hill CDP is only about 5.9% larger. Also, compared with the state of Maryland, median earnings per worker of $65,737, Aspen Hill CDP is about 16.5% smaller.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $96,773 which is less than most other places in the metro area. The place with the highest median household income in the area is Olney CDP which depicts a median income of $161,065 (66.4% larger). Comparing median household income to the United States average of $69,021, Aspen Hill CDP is 40.2% larger. Also, compared with the state of Maryland, median household income of $91,431, Aspen Hill CDP is only about 5.8% larger. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $28.70 which is less than most other places in the greater region. The place with the highest average hourly earnings in the area is Olney CDP which depicts an average hourly earnings of $46.26 (61.2% larger). Comparing average hourly earnings to the United States average of $26.40, Aspen Hill CDP is 8.7% larger. Also, measured against the state of Maryland, average hourly earnings of $32.58, Aspen Hill CDP is about 13.5% smaller.

Figure 5 examines the number of self employed people in the Aspen Hill CDP metro area based on the number of people who reported any self employment income. Aspen Hill CDP depicts it has a Self Employed of 18.5% which is the largest of all places in the greater region.

Figure 6 breaks down the source of income and Aspen Hill CDP has the largest proportion of income from wages at 5.3% of the total and is ranked #1.

The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 20.4% which is in the mid range of other places in the local area. The place with the highest households with retirement income in the area is Leisure World CDP which indicates a households with retirement income of 60.7% (approximately 3.0 times bigger).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Aspen Hill CDP shows full time employees approximately 3.3 times bigger as the part time employees.

Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Aspen Hill CDP indicates it has the hightest entrepreneurs of 31% for the self employed in construction grouping.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Aspen Hill CDP depicts it has the hightest cost of 169.9 for the cost of housing classification.

Aspen Hill CDP Maryland Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Aspen Hill CDP depicts it has a Percent of Population In Poverty of 7.9% which is the second most percent of people earning less than the poverty level of all the places in the greater Aspen Hill CDP region. The place with the highest percent of people earning less than the poverty level in the area is Wheaton CDP which shows a percent of people in poverty of 10.5% (32.5% larger). Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Aspen Hill CDP shows it has a Public Assistance Percent of 10.4% which is the second most households with public assistance of all the places in the greater Aspen Hill CDP region. The place with the highest households with public assistance in the area is Wheaton CDP which shows a households with public assistance of 11.2% (8.3% larger).

Aspen Hill CDP Maryland Labor Force Charts

The table in Figure 13, shows Aspen Hill CDP employment data in terms of job categories and salary data.

The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from February 2017 to before the disasterous Coronavirus Pandemic it went from 3.3% to 2.3% in December 2019. This represents a decrease in the monthly unemployment rate of 30.3%. Since that time, the monthly unemployment rate has gone to 2.3%. This represents an increase in the monthly unemployment rate of very little.

Aspen Hill CDP Maryland Jobs Charts

In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.

Figure 16 shows the average median earnings for different categories of jobs.

Aspen Hill CDP Maryland Work Commute Charts

Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Aspen Hill CDP or elsewhere.) Aspen Hill CDP has the largest proportion of people who take Light rail, streetcar or trolley at 0% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 2% of the total and is ranked #1.

Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.

The average commute time is shown in Figure 21. Aspen Hill CDP shows it has a Avg Commute Time of 34 which is the third most of all other places in the area.