The State of Maryland Income Charts

This section shows the Maryland economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Maryland depicts it has a Median earnings of $65,737 which is the second most median earnings of all the states in the greater Maryland region. The state with the highest median earnings per worker in the group is District of Columbia which shows a median earnings of $86,225 (31.2% larger).

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $91,431 which is the second most of all the states in the local area. The state with the highest median household income in the group is District of Columbia which depicts a median income of $93,547 ( only slightly larger).

The next section examines a variety of different income statistics for the Maryland metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 in the mid range of other states in the metro area at 24.6% of the total. Second, it has one of the largest proportions of earnings between $75,000 and $99,999 at 19.9% of the total and is ranked #2. The only larger state being District of Columbia with 31.3%.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.8 which is in the middle range of other states in the surrounding region. The state with the highest average hours in the group is District of Columbia which depicts an average hours of 40.3 (only about 3.9% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $32.58 which is the second most average hourly earnings of all the states in the greater Maryland region. The state with the highest average hourly earnings in the group is District of Columbia which shows an average hourly earnings of $41.15 (26.3% larger).

Figure 7 examines the number of self employed people in the Maryland metro area based on the number of people who reported any self employment income. Maryland shows it has a Self Employed of 11.1% which is the largest of all states in the greater Maryland region.

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $94,783 of the total and is ranked #2. The only larger state being District of Columbia with $109,135. Second, it has the largest proportion of median income-25 to 44 years at $110,664 of the total and is ranked #1. Third, it has the largest proportion of median income-45 to 64 years at $65,655 of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 24.4% which is less than most other states in the greater region. The state with the highest households with retirement income in the group is Delaware which depicts a households with retirement income of 29.2% (19.6% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $124,977 of the total and is ranked #2. The only larger state being District of Columbia with $232,014. Second, it has the largest proportion of white family income at $89,752 of the total and is ranked #1. Third, it has the largest proportion of black family income at $91,862 of the total and is ranked #1. Also, it has one of the largest proportions of american indian family income at $132,091 of the total and is ranked #3. Only #2 Virginia ($133,242), and #1 District of Columbia ($162,899) are larger. In addition, it has one of the largest proportions of asian family income at $133,786 of the total and is ranked #2. The only larger state being Delaware with $250,001. Furthermore, it has one of the largest proportions of hawaiian family income at $80,876 of the total and is ranked #2. The only larger state being District of Columbia with $104,781.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Maryland depicts it has the hightest cost of 134.8 for the cost of housing classification.

The State of Maryland Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It shows that from January 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 8.1% to 5.0% in March 2020. This represents a decrease in the monthly unemployment rate of 38.3%. Since that time, the monthly unemployment rate has gone to 3.7% This represents a decrease in the monthly unemployment rate of 26.0%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 3,021,144 to 3,358,197 in January 2020. This represents an increase in the monthly labor force participation of 11.2%. Since that time, the monthly labor force participation has gone to 3,190,430 This represents a decrease in the monthly labor force participation of 5.0%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Maryland depicts it has a Unemployment Rate of 3.6% which is the second most of all the states in the local area. The state with the highest unemployment rate in the group is District of Columbia which depicts a rate of 5.0% (40.9% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has a Labor Force Participation of 67.5% which is the second most participation rates of all the states in the greater Maryland region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Maryland depicts full time employees approximately 4.0 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Maryland area. Maryland depicts it has a Single Earner Families of 25.5% which is in the middle range of other states in the surrounding region. The state with the highest families with a single earner in the group is West Virginia which depicts a single earners rate of 30.7% (20.2% larger). The percentage of families with no one working is depicted in Figure 22. Maryland depicts it has a Families with No One Working of 13.3% which is in the middle range of other states in the metro area. The state with the highest families with no one working in the group is West Virginia which depicts a families with no worker of 25.5% (about twice as large).

The State of Maryland Poverty Charts

The next section details economy analysis about poverty for residents of the Maryland community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Maryland depicts it has a Total In Poverty of 550,074 which is the second smallest as measured by total people earning less than the poverty level of all the other states in the surrounding region. The state with the highest total people earning less than the poverty level in the group is Florida which depicts a total people earning less than the poverty level of 2,744,612 (approximately 5.0 times bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Maryland shows it has a Percent of Population In Poverty of 9.2% which is in the mid point range of other states in the local area. The state with the highest percent of people earning less than the poverty level in the group is West Virginia which depicts a percent of people in poverty of 16.9% (about twice as large).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Maryland has the smallest proportion of white poverty rate at 13% of the total. Second, it has in the middle range of other states in the metropolitan area as measured by black poverty rate at 16% of the total. Third, it has the smallest proportion of asian poverty rate at 4% of the total. Also, it has in the mid range of other states in the local area when sorted by hawaiian poverty rate at 12% of the total.

Figure 27 shows key poverty statistics for groups based on marriage status. Maryland has the smallest proportion of married with children and in poverty at 26% of the total. Second, it has the smallest proportion of unmarried with children and in poverty at 29% of the total. Third, it has in the middle range of other states in the greater region when ranked by unmarried female with children and in poverty at 13% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Maryland has the smallest proportion of highschool graduate and in poverty at 7% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) the state of depicts it has a Public Assistance Percent of 11.3% which is the smallest when ranked by households with public assistance of all the other states in the metro area. The state with the highest households with public assistance in the group is West Virginia which depicts a households with public assistance of 17.1% (51.1% larger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of depicts it has a Gini Index of 45.5% which is in the intermediate range of other states in the greater region.

The State of Maryland Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Maryland or elsewhere.) Maryland has the largest proportion of people who take the Long-distance train or commuter rail at 1% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Maryland has the largest proportion of people who leave for work between 12am to 5am at 5% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Maryland has the percentage of people with commute time of less than 5 minutesutes in the mid range of other states in the surrounding region at 6% of the total. Second, it has in the mid point range of other states in the local area when ranked by people with commute time between 5 to 9 minutes at 9% of the total. Third, it has the smallest proportion of people with commute time between 15 to 19 minutes at 13% of the total. Also, it has the largest proportion of people with commute time between 40 to 44 minutes at 12% of the total and is ranked #1. In addition, it has the largest proportion of people with commute time between 45 to 59 minutes at 11% of the total and is ranked #1. Furthermore, it has the largest proportion of people with commute time between 60 to 89 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of depicts it has a Avg Commute Time of 32 which is more than all other states in the local area. Figure 38 shows the difference between male versus female commuting time. Maryland shows average commute time in minutes for men 20.0% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Maryland has one of the largest proportions of no vehicle available at 21% of the total and is ranked #3. Only #2 Florida (23%), and #1 District of Columbia (46%) are larger. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of depicts it has a Work in city or place where live of 27% which is in the middle range of other states in the local area. The state with the highest people who both work and live in the same city in the group is District of Columbia which shows a people who both work and live in the same city of 79% (approximately 2.9 times bigger).

The State of Maryland Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has the hightest median earnings of $107,549 for the earnings-computer, engineering, and science occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of depicts it has the hightest median earnings of $96,997 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows Maryland employment data in terms of job categories and salary data.

The State of Maryland Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. the state of shows it has the hightest entrepreneurs of 52% for the self employed management, business, science, and arts businesses grouping.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. the state of depicts it has the hightest entrepreneurs of 27% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of depicts it has a Self Employment Income of $43,688 which is the second most average annual self employment income of all the states in the greater Maryland region. The state with the highest average annual self employment income in the group is District of Columbia which shows an average annual self employment income of $53,282 (22.0% larger).

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Maryland depicts total number of self-employed men 57.5% larger as the total number of self-employed women.