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Economy in Maryland

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Economy
EconomyMaryland, MDUnited States
Unemployment Rate7.00%9.10%
Recent Job Growth0.51%-0.12%
Future Job Growth34.02%31.25%
Sales Taxes11.00%6.80%
Income Taxes4.75%6.25%
Income per Cap.$34,535$27,067
Household Income$70,722$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K7.95%12.10%
Income between 15K and 25K6.56%10.18%
Income between 25K and 35K7.56%10.56%
Income between 35K and 50K12.21%14.98%
Income between 50K and 75K18.86%19.53%
Income between 75K and 100K15.30%12.52%
Income between 100K and 150K17.53%12.14%
Income between 150K and 250K7.47%3.91%
Income between 250K and 500K5.45%3.34%
Income greater than 500K1.09%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations16.82%13.81%
Professional and Related Occupations26.89%22.68%
Service13.43%14.51%
Sales and Office23.94%25.22%
Farming, Fishing, and Forestry0.24%0.68%
Construction, Extraction, and Maintenance8.65%9.37%
Production, Transportation, and Material Moving11.07%15.86%
Median Household Income

The unemployment rate in Maryland, MD, is 7.00%, with job growth of 0.51%. Future job growth over the next ten years is predicted to be 34.02%.

Maryland, MD Taxes

Maryland, MD,sales tax rate is 11.00%. Income tax is 4.75%.

Maryland, MD Income and Salaries

The income per capita is $34,535, which includes all adults and children. The median household income is $70,722.


Maryland Economy SperlingViews

State Taxes: The state taxes have been raised to 6.00% as of... (read more)Base Consolidation: Maryland was on the gaining end in the military base consolidation. A large influx of people (military, civilian federal government and government contractors) are... (read more)Vacation elsewhere in August: Summers in Maryland are uncomfortably warm and humid. It is estimated that over 800,000 residents if the greater DC area go on vacation during the month of August to... (read more)Have an opinion about Maryland? Leave a commentTo See All SperlingViews for Maryland Click Here