Romancoke, MD
Population 1,705 · Maryland
About Romancoke, MD
Romancoke is a small town located in Maryland with a population of 1,705 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,077 per year, which is 57% above the national median of $75,149. The median age of 47.2 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 Romancoke features a median home value of $397,200, which is 62% above the national median of $244,900. This places Romancoke in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,955, 68% above the national average of $1,163/month. Of the 764 total housing units, 87% are owner-occupied (667 units) and 13% are renter-occupied (97 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Romancoke shows an unemployment rate of 12.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Romancoke have an average one-way commute time of 42.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
28.0% of Romancoke 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 1.6% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Romancoke, MD
Compared to national averages, Romancoke has a median household income of $118,077 (57% above the national median of $75,149). Home values average $397,200, which is 62% above the national median. Monthly rent at $1,955 is 68% above the US average of $1,163. Within Maryland, Romancoke's income is 9% above the state average of $107,956, and home values are 1% below the state median of $402,447.
Why Live in Romancoke, MD?
Romancoke offers a strong local economy with a median household income of $118,077, well above the national average, and a low poverty rate of 0.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $397,200. However, Romancoke’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Romancoke has a population of 1,705 with a median age of 47.2 years. Compare Romancoke with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Romancoke
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crownsville | 1,701 | $146,486 | $885,600 | Compare |
| Hancock | 1,715 | $39,375 | $175,000 | Compare |
| Arden on the Severn | 1,691 | $117,188 | $475,600 | Compare |
| Ridgely | 1,685 | $64,432 | $236,000 | Compare |
| Cedar Heights | 1,748 | $49,858 | $300,400 | Compare |
| Wilson-Conococheague | 1,614 | $60,258 | $225,300 | Compare |
| Naval Academy | 1,592 | $120,347 | $0 | Compare |
| New Market | 1,588 | $198,080 | $607,700 | 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 Romancoke With Other Cities
Frequently Asked Questions about Romancoke
What is the population of Romancoke, MD?
The population of Romancoke, MD is 1,705 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 Romancoke?
The median household income in Romancoke, MD is $118,077 per year, which is 57% above the national median of $75,149.
What is the median home value in Romancoke?
The median home value in Romancoke, MD is $397,200, which is 62% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Romancoke?
The median monthly rent in Romancoke, MD is $1,955, which is 68% above the national average of $1,163/month.
What is the unemployment rate in Romancoke?
The unemployment rate in Romancoke, MD is 12.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Romancoke, MD a good place to live?
Romancoke offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,705 and a median age of 47.2, the city appeals to established professionals and retirees.
How educated is Romancoke, MD?
28.0% of residents in Romancoke aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Romancoke?
Key cost-of-living indicators for Romancoke, MD: median home value is $397,200 (62% above national), median rent is $1,955/month, and median household income is $118,077. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Romancoke?
The poverty rate in Romancoke, MD is 0.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Romancoke, MD?
Romancoke's population is 1.6% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.