State Ledger
State profile

Maryland FIPS 24

Population
6,148,545
Median household income
$91,431
Nonfarm employment
2,814,000
Business establishments
142,967

State Highlights

Largest employer sector
Health care and social assistance
403,945 employees
Business concentration
16.4%
of private employment in Health care and social assistance
Home prices, 1 year
+2.2%
FHFA
Federal outlays per capita
$10,307.94
USASpending.gov

Economy & Labor

Total nonfarm employment

BLS Current Employment Statistics, not seasonally adjusted · persons · 20 months available · latest observation: August 2026
Employment ratio
46.5%
employed ÷ population
Unemployed population (ACS)
175,507
Vs. July
▼ 15,300
Business density
23.6 per 1,000
establishments per capita

Leading Industries

Leading industries by employment

Ranked by private-sector employment, same measure as the Business & Industry tab · see the full breakdown there
1 Health care and social assistance 403,945 employees
2 Professional, scientific, and technical services 301,509 employees
3 Retail trade 289,469 employees
4 Administrative and support and waste management and remediation services 256,840 employees
5 Accommodation and food services 241,483 employees

Leading Public Companies

Top 5 by latest reported revenue

SEC EDGAR / XBRL Company Facts · see the full listing on the Public Companies tab
$75.05B
Guided Missiles & Space Vehicles & Parts
Hotels & Motels
$25.53B
Electric Services
$7.31B
Investment Advice
$6.84B
Miscellaneous Food Preparations & Kindred Products

Population & People

Homeownership rate
67.3%
1.54M of 2.29M occupied homes are owner-occupied

Population by age

U.S. Census Bureau, ACS 5-year estimate (table B01001) · reconciles to total population
0–17
1.37M · 22.3%
18–24
534.6K · 8.7%
25–34
829.9K · 13.5%
35–44
805.4K · 13.1%
45–54
820.2K · 13.3%
55–64
835.4K · 13.6%
65–74
569.8K · 9.3%
75+
380.1K · 6.2%

Housing & Real Estate

Median home value
$338,500
Median gross rent
$1,485 / month
Vacancy rate
8.8%
Total housing units
2.52M
Owner-occupied homes
1.54M
Renter-occupied homes
750.6K
Home prices, 1 year
+2.2%
Home prices, 5 years
+32.1%
Latest FHFA period
2026 Q2

ACS: 2021 ACS 5-year · FHFA: 2026 Q2

ACS housing estimates from the U.S. Census Bureau — median home value reflects owner-reported value, not a current sale price. House-price changes are from the FHFA All-Transactions House Price Index, a measure of price appreciation over time, not a home-value estimate.

Federal Spending

Total federal outlays
$62.39B
Outlays per capita
$10,307.94
Total prime award value
$84.85B

Source: USASpending.gov · specific reporting period not published in this dataset