Algonquin, MD
Population 1,027 · Maryland
About Algonquin, MD
Algonquin is a small town located in Maryland with a population of 1,027 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,917 per year, which is 3% below the national median of $75,149. The median age of 57 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Algonquin features a median home value of $332,600, which is 36% above the national median of $244,900. This positions Algonquin in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 531 total housing units, 92% are owner-occupied (457 units) and 8% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Algonquin shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Algonquin have an average one-way commute time of 22.4 minutes.
Education & Demographics
35.1% of Algonquin residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.0% Asian residents, with 3.6% of the population being foreign-born.
Cost of Living in Algonquin, MD
Compared to national averages, Algonquin has a median household income of $72,917 (3% below the national median of $75,149). Home values average $332,600, which is 36% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Maryland, Algonquin's income is 32% below the state average of $107,956, and home values are 17% below the state median of $402,447.
Why Live in Algonquin, MD?
Algonquin offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 35.1% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 22.4 minutes.
Potential considerations include median household income ($72,917) that falls below the national average. However, Algonquin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Algonquin has a population of 1,027 with a median age of 57 years. Compare Algonquin with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Algonquin
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morningside | 1,031 | $80,000 | $287,000 | Compare |
| Somerset | 1,020 | $250,001 | $1,820,800 | Compare |
| Martin's Additions | 1,019 | $250,001 | $1,454,900 | Compare |
| Church Hill | 1,052 | $69,688 | $272,000 | Compare |
| Queenstown | 990 | $106,500 | $366,900 | Compare |
| Chevy Chase Section Three | 985 | $250,001 | $1,583,900 | Compare |
| Highfield-Cascade | 1,079 | $62,857 | $225,600 | Compare |
| Potomac Park | 974 | $49,330 | $122,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Algonquin With Other Cities
Frequently Asked Questions about Algonquin
What is the population of Algonquin, MD?
The population of Algonquin, MD is 1,027 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maryland.
What is the median household income in Algonquin?
The median household income in Algonquin, MD is $72,917 per year, which is 3% below the national median of $75,149.
What is the median home value in Algonquin?
The median home value in Algonquin, MD is $332,600, which is 36% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Algonquin?
The median monthly rent in Algonquin, MD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Algonquin?
The unemployment rate in Algonquin, MD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Algonquin, MD a good place to live?
Algonquin offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,027 and a median age of 57, the city appeals to established professionals and retirees.
How educated is Algonquin, MD?
35.1% of residents in Algonquin aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Algonquin?
Key cost-of-living indicators for Algonquin, MD: median home value is $332,600 (36% above national), median rent is $0/month, and median household income is $72,917. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Algonquin?
The poverty rate in Algonquin, MD is 12.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Algonquin, MD?
Algonquin's population is 2.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.0% Asian, and 0.0% two or more races. 3.6% of residents are foreign-born.