MD
Maryland
FIPS 24 · Population 6,206,011
6 Sources
Updated June 22, 2026
6.2M ▲
Population
334,922,499 U.S.
$103,678 ▲
Median Income
$80,734 national
$546B
GDP
3.2%
Unemployment
4% national
County Map
Click a county to view its economic profile
Demographics & Population
Census Bureau American Community Survey 2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates
Median Household
$103,678
Per Capita
$52,979
Mean Household
$136,642
Poverty Rate
9.4% ▲
Age & Race / Ethnicity
Source: Census Bureau ACS 2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 22.2%
18-34 · 21.7%
35-54 · 26.2%
55-64 · 13.3%
65+ · 16.7%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2024 · Table B15003 · Population 25+
91.1%
High School+
National: 89.6%
▲ +1.5 pts
43.4%
Bachelor's+
National: 35.7%
▲ +7.7 pts
20.8%
Graduate+
National: 14.1%
▲ +6.7 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates
6,206,011
Population
3,351,096
Labor Force
Employed
3,151,451
Unemployment Rate BLS LAUS 2024 annual
3.2%
Mean Commute 5 min above national avg
31.1 min
Work From Home vs 15.1% national
19.3%
Maryland's median household income sits 28% above the national median. At 9.4%, its poverty rate runs 3.1 pts below the ~12.5% national level, relevant for federal funding eligibility narratives. Bachelor's-or-higher attainment of 43.4% exceeds the national average of 35.7%.
Source: U.S. Census Bureau American Community Survey 2024 5-Year Estimates (released December 2025). Figures reflect the most recent Census release, older news reports may cite prior vintages.
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong consumer markets statewide.
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 7.7 pts, supports knowledge-economy positioning.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 415,679 workers (22.2% of the tracked sectors), at an average wage of $69,969.
- Economic scale: State GDP of $546B (2024).
Source: BLS QCEW + BEA Regional GDP.
Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Attraction Opportunities - Below-Average Industries
LQ < 0.5, below-average employment, potential attraction targets. Source: BLS QCEW · 3-digit NAICS sub-sector
0.06x
Support Activities for Mining
274 employed
0.11x
Primary Metal Manufacturing
714 employed
0.13x
Textile Mills
194 employed
0.14x
Transportation Equipment Manufacturing
4,170 employed
0.15x
Support Activities for Agriculture and Forestry
1,001 employed
0.22x
Forestry and Logging
178 employed
0.25x
Electrical Equipment, Appliance Manufacturing
1,921 employed
0.27x
Animal Production and Aquaculture
1,313 employed
Key Takeaways
- Top specialization: Funds, Trusts, and Other Financial Vehicles concentrates at 2.00x the national norm.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2024 5-Year Estimates · Tables B25001, B25077, B25064
$419,900 ▲
Median Home Value vs 2019
$1,705 ▲
Rent/Mo
67.6% ▲
Owner-Occ
7.7% ▼
Vacancy
4.1x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents (Statewide)
Renter-household-weighted average across 24 Fair Market Rent areas · Source: HUD · Fair Market Rents FY2026
Studio
$1,561/mo$694 to $1,953
1 Bedroom
$1,668/mo$823 to $2,015
2 Bedroom
$1,955/mo$973 to $2,246
3 Bedroom
$2,482/mo$1,333 to $2,835
4 Bedroom
$2,832/mo$1,441 to $3,332
30% of monthly median household income (~$2,592/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 4.1x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
Source: Census ACS housing tables.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2024 · Tables B01001, B23025, B08303, B08301
3,795,770 ▲
Working Age (18-64) vs 2019
▼ vs 2019
Mean Commute
31.1 min
Work From Home
19.3%
Education & Talent Pipeline
Source: Census ACS 2024 · Table B15003 · College Scorecard
Bachelor's+
43.4%
HS Diploma+
91.1%
Top Institutions
Degrees, certificates, and other credentials awarded last academic year (College Scorecard).
15,061/yr
12,553/yr
11,331/yr
5,915/yr
3,902/yr
2,980/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
21.8%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2024 · Table C24010 · Civilian employed population 16+
Management / Professional
50.5%
Service
15.4%
Sales & Office
17.6%
Construction / Maint.
7.7%
Production / Transport
8.9%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 3,151,451 employed workers.
Key Takeaways
Source: ACS workforce data.
County Profiles
24 counties in Maryland
Allegany County
FIPS 24001
Anne Arundel County
FIPS 24003
Baltimore city
FIPS 24510
Baltimore County
FIPS 24005
Calvert County
FIPS 24009
Caroline County
FIPS 24011
Carroll County
FIPS 24013
Cecil County
FIPS 24015
Charles County
FIPS 24017
Dorchester County
FIPS 24019
Frederick County
FIPS 24021
Garrett County
FIPS 24023
Harford County
FIPS 24025
Howard County
FIPS 24027
Kent County
FIPS 24029
Montgomery County
FIPS 24031
Prince George's County
FIPS 24033
Queen Anne's County
FIPS 24035
Somerset County
FIPS 24039
St. Mary's County
FIPS 24037
Talbot County
FIPS 24041
Washington County
FIPS 24043
Wicomico County
FIPS 24045
Worcester County
FIPS 24047
AI Insights
AI-assisted analysis, drawn from 6 federal data sources
Sample AI Insight
Maryland shows emerging potential for funds, trusts, and other financial vehicles attraction, with a 2.00x concentration and 1,192 jobs in this sub-sector.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
Illustrative example
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025
BEA Regional GDP2024
Census CBP2024
HUD Fair Market RentsFY2026
USAspending.govFY2026
Frequently Asked Questions
Key economic and demographic figures for Maryland, from federal data sources.
What is the population of Maryland?
6,206,011 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Maryland?
$103,678 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Maryland?
3.2% (2024 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Maryland?
$546B (BEA SAGDP (state GDP)).
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