Economy, jobs and prices in Maryland, United States: official figures
The economy of Maryland (gross domestic product) was worth $567.0 billion in 2025 at current prices, 1.8% of the US total of $30.86 trillion; 18th largest of 51. In current dollars it was up 4.0% on 2024.
How fast is the economy of Maryland growing?
After adjusting for inflation, real GDP in Maryland grew 0.8% in 2025, against 2.3% for the United States; 6th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Maryland?
Dividing 2025 GDP by the Census Bureau's population estimate gives $90,501 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 17th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Maryland growing or shrinking?
In the second quarter of 2026, real GDP in Maryland grew at an annual rate of 1.3% (United States: 2.2%); tied for 20th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Maryland?
In 2025 the largest private industry in Maryland's economy was real estate, rental and leasing (15.6% of GDP), followed by professional, scientific and technical services (9.9%) and health care and social assistance (7.7%). Government accounted for 20.1% and manufacturing for 5.3%; the manufacturing share was 10th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Maryland spend?
Consumer spending (personal consumption expenditures) in Maryland came to $60,794 per person in 2025 (United States: $61,062); 23rd highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Maryland expensive to live in?
Prices in Maryland were 5.0% above the national average in 2024, by BEA's regional price parity of 105.0 (US = 100), which covers goods, services and housing; 8th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Maryland?
Prices in Maryland rose 3.0% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Maryland?
Personal income per person in Maryland was $82,387 in 2025, against $77,028 for the United States; 11th highest of 51. It was up 3.6% on 2024 and up 27.0% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Maryland?
After taxes, disposable personal income per person was $70,611 in 2025 (United States: $67,251); 13th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Maryland?
Adjusted for local price levels, real personal income per person in Maryland was $61,111 in 2024 in 2017 dollars (United States: $59,195); 16th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Maryland?
Median household income in Maryland was $102,905 in 2024 (margin of error ±$1,404), against $81,604 for the United States; 4th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Maryland?
The Gini index of household income inequality in Maryland was 0.456 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 14th least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Maryland?
The unemployment rate in Maryland was 3.9% in September 2026 (seasonally adjusted, preliminary), down from 4.3% a year earlier; tied for 25th highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Maryland?
In September 2026, 124,638 people in Maryland were unemployed and 3,076,912 employed, out of a labor force of 3,201,550.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Maryland in 2025?
Over 2025 the unemployment rate in Maryland averaged 4.0% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.2% in 2024; tied for 24th highest of 51. The lowest annual rate since 1976 was 2.2% in 2023.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Maryland?
Workers covered by unemployment insurance in Maryland were paid $81,539 on average in 2025 ($1,568 a week), up 3.3% on 2024; the US average was $78,720. That is 9th highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Maryland?
Employers in Maryland had an average of 2,754,961 jobs on their payrolls in 2025 across 199,467 establishments, down 0.5% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Maryland?
The median annual wage across all occupations in Maryland was $59,510 in May 2025 (mean $77,580); 8th highest of 51. One in ten workers earned less than $34,520 and one in ten more than $145,410.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Maryland?
The most common occupation in Maryland in May 2025 was general and operations managers, with 96,740 workers and a median annual wage of $117,930.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Maryland?
Median household income in Maryland was $102,835 in 2024, 4th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $86,644, so it has risen 18.7% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Maryland?
The median gross rent in Maryland, including utilities, was $1,721 a month in 2024, up 4.2% on 2023 ($1,651); 9th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Maryland?
Homeowners in Maryland valued their homes at a median of $436,300 in 2024, up 5.5% on 2023 ($413,600); 15th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Maryland?
The median home value in Maryland was 4.2 times the median household income in 2024 ($436,300 against $102,835); 26th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Maryland?
A household on the median income in Maryland would spend 20.1% of its income on the median rent of $1,721 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Maryland compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Maryland ranks 18 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 15 | Arizona | $592.1 billion |
| 16 | Tennessee | $586.2 billion |
| 17 | Colorado | $574.9 billion |
| 18 | Maryland | $567.0 billion |
| 19 | Indiana | $542.5 billion |
| 20 | Minnesota | $515.1 billion |
| 21 | Wisconsin | $478.8 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Maryland ranks 17 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 14 | Texas | $92,474 |
| 15 | Virginia | $90,981 |
| 16 | New Hampshire | $90,634 |
| 17 | Maryland | $90,501 |
| 18 | Utah | $90,191 |
| 19 | Wyoming | $89,157 |
| 20 | Minnesota | $88,350 |
Real GDP growth, 2025 (2025)
Maryland ranks 46 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 43 | Kansas | 1.0% |
| 44 | Arkansas | 0.9% |
| 45 | Wisconsin | 0.8% |
| 46 | Maryland | 0.8% |
| 47 | Minnesota | 0.7% |
| 48 | North Dakota | 0.5% |
| 49 | Wyoming | 0.1% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Maryland ranks 31 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 28 | Idaho | 1.5% |
| 29 | Maine | 1.4% |
| 30 | Indiana | 1.3% |
| 31 | Maryland | 1.3% |
| 32 | Nevada | 1.3% |
| 33 | Virginia | 1.2% |
| 34 | Arkansas | 1.1% |
Personal income per person, 2025 (2025)
Maryland ranks 11 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 8 | Washington | $88,944 |
| 9 | New Hampshire | $88,145 |
| 10 | Colorado | $86,342 |
| 11 | Maryland | $82,387 |
| 12 | Virginia | $80,903 |
| 13 | Alaska | $80,510 |
| 14 | South Dakota | $78,999 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Maryland ranks 16 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 13 | California | $63,028 |
| 14 | Minnesota | $62,039 |
| 15 | Virginia | $61,914 |
| 16 | Maryland | $61,111 |
| 17 | Illinois | $60,333 |
| 18 | Alaska | $60,272 |
| 19 | Iowa | $60,144 |
Median household income, 2024 (ACS) (2024)
Maryland ranks 4 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 1 | District of Columbia | $109,707 |
| 2 | Massachusetts | $104,828 |
| 3 | New Jersey | $104,294 |
| 4 | Maryland | $102,905 |
| 5 | Hawaii | $100,745 |
| 6 | California | $100,149 |
| 7 | New Hampshire | $99,782 |
Regional price parity, 2024 (US = 100) (2024)
Maryland ranks 8 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 5 | New York | 107.9 |
| 6 | Washington | 107.0 |
| 7 | Massachusetts | 105.8 |
| 8 | Maryland | 105.0 |
| 9 | New Hampshire | 104.2 |
| 10 | Connecticut | 103.6 |
| 11 | Florida | 103.4 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Maryland ranks 25 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 22 | South Carolina | 4.0% |
| 23 | Louisiana | 4.0% |
| 24 | West Virginia | 4.0% |
| 25 | Maryland | 3.9% |
| 26 | Arkansas | 3.9% |
| 27 | Kansas | 3.8% |
| 28 | Pennsylvania | 3.6% |
Unemployment rate, 2025 annual average (2025)
Maryland ranks 25 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 22 | West Virginia | 4.2% |
| 23 | Arkansas | 4.1% |
| 24 | Missouri | 4.0% |
| 25 | Maryland | 4.0% |
| 26 | Colorado | 4.0% |
| 27 | Connecticut | 4.0% |
| 28 | Florida | 3.9% |
Labor force participation rate, September 2026 (September 2026)
Maryland ranks 16 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 13 | New Hampshire | 64.8% |
| 14 | Texas | 64.2% |
| 15 | New Jersey | 63.7% |
| 16 | Maryland | 63.7% |
| 17 | Missouri | 63.3% |
| 18 | Indiana | 63.1% |
| 19 | Illinois | 63.0% |
Average annual pay, 2025 (QCEW) (2025)
Maryland ranks 9 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 6 | Connecticut | $90,982 |
| 7 | New Jersey | $86,247 |
| 8 | Colorado | $84,153 |
| 9 | Maryland | $81,539 |
| 10 | New Hampshire | $80,892 |
| 11 | Virginia | $80,093 |
| 12 | Illinois | $80,038 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Maryland ranks 8 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 5 | Colorado | $59,800 |
| 6 | Connecticut | $59,690 |
| 7 | New York | $59,670 |
| 8 | Maryland | $59,510 |
| 9 | New Jersey | $58,570 |
| 10 | California | $58,240 |
| 11 | Oregon | $57,000 |
Median household income (2024)
Maryland ranks 4 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 1 | District of Columbia | $109,289 |
| 2 | Massachusetts | $104,569 |
| 3 | New Jersey | $104,202 |
| 4 | Maryland | $102,835 |
| 5 | Hawaii | $101,581 |
| 6 | New Hampshire | $100,364 |
| 7 | California | $100,130 |
Median gross rent (monthly) (2024)
Maryland ranks 9 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 6 | Colorado | $1,822 |
| 7 | Florida | $1,812 |
| 8 | New Jersey | $1,800 |
| 9 | Maryland | $1,721 |
| 10 | Nevada | $1,709 |
| 11 | Arizona | $1,672 |
| 12 | Virginia | $1,646 |
Median value of owner-occupied homes (2024)
Maryland ranks 15 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 12 | Nevada | $455,500 |
| 13 | New York | $449,800 |
| 14 | Idaho | $446,400 |
| 15 | Maryland | $436,300 |
| 16 | Arizona | $426,000 |
| 17 | Montana | $425,400 |
| 18 | Virginia | $403,500 |
More on Maryland: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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