Income

Income

Greater Baltimore

• Among the top 25 most populous U.S. metro areas, Greater Baltimore ranks 10th with a per capita income of $45,208.  While our rank fell to places between 2006 and 2007, our per capita income did increase.
• The Baltimore-Washington metro area (CSA) is the 1st in the nation with a median household income of $75,793.
• Howard County ranks 1st in the state for median household income at $101.672, more than double the national average; Howard is also the 31st most wealthy county in the country based on per capita income (2007).
• The Baltimore-Washington corridor is home to many commuters: Estimated commuter earnings inflows are higher in every county in the Greater Baltimore metropolitan area (outflows exceed inflows in Baltimore City alone).

State of Maryland

• Maryland ranked 10th in personal income growth in the first quarter of 2008, according to the U.S. Bureau of Economic Analysis.
• In 2007, the Washington-Baltimore CSA was 3rd in effective buying income with $224 billion and 4th in retail sales with combined sales of $144 billion. 
• Maryland has the second highest median household income for 2007 at $65,124.
• In 2008, Maryland residents averaged a per capita income of $48,091, topping the national average by 21%.