Finzel, MD

Census Place

2024 Population

740

US Senator

Chris Van Hollen

Democratic Party

US Senator

Angela Alsobrooks

Democratic Party

2024 Median Age

45.5

17.6% 1-year increase

2024 Poverty Rate

5.14%

57.4% 1-year decrease

2024 Median Household Income

$115,343

2.19% 1-year growth

2024 Median Property Value

Economy

The economy of Finzel, MD employs 349 people. In 2024, the largest industries in Finzel, MD were Finance & Insurance (73 people), Construction (72 people), and Other Services, Except Public Administration (35 people), and the highest paying industries were Construction ($102,955), Educational Services, & Health Care & Social Assistance ($73,583), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($61,082).

Employment

Occupations

349

2024 Value

± 162

−8.4%

1 Year decline

± 67.3%

From 2023 to 2024, employment in Finzel, MD declined at a rate of −8.4%, from 381 employees to 349 employees.

The most common job groups, by number of people living in Finzel, MD, are Management Occupations (115 people), Business & Financial Operations Occupations (61 people), and Material Moving Occupations (35 people). This chart illustrates the share breakdown of the primary jobs held by residents of Finzel, MD.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Maryland.

This chart shows weekly unemployment insurance claims in Maryland (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

349

2024 Value

± 162

−8.4%

1 Year decline

± 67.3%

From 2023 to 2024, employment in Finzel, MD declined at a rate of −8.4%, from 381 employees to 349 employees.

The most common employment sectors for those who live in Finzel, MD, are Finance & Insurance (73 people), Construction (72 people), and Other Services, Except Public Administration (35 people). This chart shows the share breakdown of the primary industries for residents of Finzel, MD, though some of these residents may live in Finzel, MD and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$60,086

Median earning men ± $4,214

$60,707

Median earning women ± $23,039

The industries with the best median earnings for men in 2024 are Construction ($66,375).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($73,583).

Housing & Living

The median property value in Finzel, MD was $255,800 in 2024, which is 0.769 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $236,800 to $255,800, a 8.02% increase. The homeownership rate in Finzel, MD is 93.3%, which is higher than the national average of 65.2%.

People in Finzel, MD have an average commute time of 30.4 minutes, and they drove alone to work. Car ownership in Finzel, MD is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$255,800

Median Property Value 2024

±$220,554

$250

Median Property Taxes

±$125

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Finzel, MD the largest share of households pay taxes in the $2k - $3k range.

The chart underneath the paragraph shows the property taxes in Finzel, MD compared to it's parent and neighbor geographies.

Rent vs Own

93.3%

Homeownership

2024

68.2%

Homeowners with Mortgage

2024

In 2024, 93.3% of the housing units in Finzel, MD were occupied by their owner. This percentage grew from the previous year's rate of 91.3%.

This chart shows the percentage of owner in Finzel, MD compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$115,343

Median Household Income

± $34,079

268

Number of Households

± 130

In 2024, the median household income of the 268 households in Finzel, MD grew to $115,343 from the previous year's value of $112,868.

The following chart displays the households in Finzel, MD distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Finzel, MD is from Maryland.

0.448

2024 Wage GINI in Maryland

0.451

2023 Wage GINI in Maryland

In 2024, the income inequality in Maryland was 0.448 according to the GINI calculation of the wage distribution. Income inequality had a 0.523% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Maryland was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Maryland in comparison to the national average.

This chart shows the number of workers in Maryland across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (66.2%)
Worked At Home (24.6%)
Carpooled (9.17%)

In 2024, 66.2% of workers in Finzel, MD drove alone to work, followed by those who worked at home (24.6%) and those who carpooled to work (9.17%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

30.4 minutes

Average Travel Time

Using averages, employees in Finzel, MD have a longer commute time (30.4 minutes) than the normal US worker (26.4 minutes). Additionally, 7.22% of the workforce in Finzel, MD have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Finzel, MD compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Finzel, MD distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Finzel, MD have 2 cars.

Poverty

Poverty & Diversity

5.14% of the population for whom poverty status is determined in Finzel, MD (38 out of 740 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 45 - 54, followed by Males 55 - 64 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Finzel, MD is White, followed by Black and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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