Allegany County, MD
FIPS: 24001
Median HAM
5.1x
Moderate
Jul 2023
Minimum HAM
5.4x
Moderate
Jan 2026
HAM Burden
44%
Moderate
Dec 2025
Not enough historical data to show a trend chart for this county.
Economic Profile
BEA GDP data (2024)
GDP Per Capita
$52,010
National avg: ~$82,000
Total GDP
$3.5B
Thousands of current $
Population
68,106
2020 Census
Top Industries by GDP
Government and government enterprises20.2%
Health care and social assistance16.3%
Retail trade11.9%
Manufacturing6.4%
Accommodation and food services5.4%
Data Breakdown
Median HAM
Data as of Jul 2023
Median Home Price
$149,200
Census ACS
Gross Median Income
$36,218
Census ACS
Net Median Income
$29,274
Calculated
Median HAM
5.10x
Minimum HAM
Data as of Jan 2026
Median Home Price
$138,125
Redfin
Min Wage (Hourly)
$15.00/hr
State labor data
Net Min Wage Income
$25,493
Calculated
Minimum HAM
5.42x
HAM Burden
Data as of Dec 2025
Monthly Rent
$939
Zillow ZORI
Min Wage (Hourly)
$15.00/hr
State labor data
Monthly Net Min Wage
$2,124
Calculated
HAM Burden
44.2%
Methodology: HAM = Home Price / Net Annual Income. Net income assumes single filer, standard deduction, 2,080 hrs/yr for minimum wage. Federal + state tax + FICA deducted. Home price source priority: Zillow ZHVI > Redfin > Census ACS.