Living in Algonquin, Maryland
Cost of living, income, home prices, rent and demographics of Algonquin · Census data 2020–2024
Algonquin has 1,074 residents with a median age of 58.8. The median household income is $76,500 (26% lower than the Maryland median), the median home value is $342,600, the median rent is $1,670/month.
Algonquin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Algonquin at a glance
- Population
- 1,074
- Median age
- 58.8State: 39.4
- Median household income
- $76,500State: $103,678
- Median home value
- $342,600State: $419,900
- Median rent
- $1,670/moState: $1,705
- Homeowners
- 85.7%
- Bachelor's degree or higher
- 27.9%
- Average commute
- 22 min
Is Algonquin a good place to live?
Pros: Home values 18% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 26% lower than the Maryland median; a poverty rate of 10.7%.
The weather is best in May–June and September–October.
Cost of living in Algonquin
Housing is the biggest part of the cost of living. In Algonquin the median home value is $342,600, about the same as the U.S. median. Renters pay a median of $1,670 per month, which is 18.7% of household income. Homeowners with a mortgage pay $1,660 a month in housing costs.
Algonquin median household income
The median household income in Algonquin is $76,500 and the income per person is $42,539. 10.7% of residents live below the poverty line (Maryland: 9.4%).
Housing in Algonquin: homes for sale and rent
- Housing units
- 566
- Owner-occupied
- 85.7%
- Renter-occupied
- 14.3%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.01
Algonquin demographics
- Population
- 1,074
- Median age
- 58.8
- Under 18
- 17.4%
- 65 and older
- 41.4%
- Households
- 526
- Foreign-born
- 4.3%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Algonquin ›
Education in Algonquin
27.9% of adults 25 and older in Algonquin have a bachelor's degree or higher (Maryland: 43.4%), and 12.9% have a graduate or professional degree.
Jobs and commute in Algonquin
- Unemployment rate
- 0%State: 4.9%
- Average commute
- 22 minState: 31 min
- Work from home
- 3.6%
- Drive alone
- 65.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 93.7%
Algonquin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Algonquin | 1,074 | $76,500 | $342,600 | $1,670 |
| Cambridge | 13,152 | $47,323 | $257,900 | $1,058 |
| Trappe | 1,055 | $60,917 | $242,600 | $1,330 |
| Church Creek | 135 | $61,750 | $266,200 | $3,501 |
| Oxford | 706 | $83,207 | $791,700 | $2,250 |
| Secretary | 635 | $82,721 | $172,000 | $1,175 |
| East New Market | 246 | $42,917 | $268,100 | $1,250 |
| Choptank | 186 | $127,791 | $286,000 | — |
| Hurlock | 2,819 | $58,511 | $202,700 | $755 |
More for people moving to Algonquin
Algonquin ZIP code ›Weather and climate ›Living in Algonquin: FAQ
What is the median household income in Algonquin, MD?
The median household income in Algonquin is $76,500, 26% lower than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Algonquin?
The median home value in Algonquin is $342,600, compared with $419,900 in Maryland.
How much is rent in Algonquin?
The median gross rent in Algonquin is $1,670 per month, about 18.7% of household income.
Is Algonquin, MD a good place to live?
Pluses: home values 18% lower than the state median; an average commute of 22 minutes. Minuses: median household income 26% lower than the Maryland median; a poverty rate of 10.7%.
What is the median age in Algonquin?
The median age in Algonquin is 58.8 years (Maryland: 39.4).
How long is the commute in Algonquin?
The average commute to work in Algonquin is 22 minutes; 3.6% of workers work from home.
What is the unemployment rate in Algonquin?
The unemployment rate in Algonquin is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Algonquin?
27.9% of adults in Algonquin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: