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The total population of Chestertown is estimated to be 5,522 with 2,425 males (43.92%) and 3,097 females (56.08%). There are 672 more females than males in Chestertown.
The median household income in Chestertown was $48,279 in 2021, which marked an an increase of 3,314(7.37%) from $44,965 in 2020. This income is 64.71% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Chestertown sees its highest median household income among householders in the age group of 25 to 44 years old, at $99,063. Overall, the median household income for the town of Chestertown stands at $48,279.
In Chestertown, the median income for all workers aged 15 years and older, regardless of work hours, was $32,905 for males and $17,556 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,530 for males and $56,421 for females.
In Chestertown, there are just two different racial groups among households. Among these, White households report a median household income of $51,069, while Black or African American households have a median household income of $30,426.
In 2022, the population of Chestertown was 5,563, a 0.36% increase year-by-year from 2021. Previously, in 2021, Chestertown's population was 5,543, an increase of 0.65% compared to a population of 5,507 in 2020.
The median age in Chestertown, MD is 39.1, as per 2021 ACS 5-Year Estimates. Of the total population, 8.19% were under the age of 15, 36.93% aged 15 to 29, 29.49% aged 30 to 64, 18.70% aged 65 to 84, and 6.69% were 85 years of age and older.
Racial distribution of Chestertown population: 72.49% are White, 21.85% are Black or African American, 2.63% are Asian, 0.18% are some other race and 2.86% are multiracial.