Hagerstown is a city in Maryland state in USA with a population of 40027 residents.. The poverty rate of Hagerstown is 24.6%, which is 76% higher than national average. The typical household in Hagerstown earns $41905 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 58.5% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hagerstown, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hagerstown remained 8.4%, which is 79% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hagerstown, only 18% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Hagerstown is 95, which is 5% lower than national average. Median home value in Hagerstown is $160000 , which is 30% lower than national average. While median income in Hagerstown remained $41905, which is 38% lower than national average.