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EconPulse

Local economy signal dashboard

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COUNTYThriving

Baltimore County, MD

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
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82
56
66
70
100

Population

850,796

Data freshness

Unknown

GDP / Output

+6.1% YoY

82

$73.1B

Output changed +6.1% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

56

4.4%

Unemployment is 4.4% for April 2026.

Vintage date unknown

State avg4.4%
U.S. avg4.3%

Population

+2.7% 5-year

66

850,796

Population moved +2.7% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

70

21.3%

Median rent consumes 21.3% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.2K per resident

100

$8.7B

$8.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$8.7B

$10.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.3B
2. Department of Health and Human Services$2.4B
3. Department of Defense$530.6M

Top recipients

Dollars
1. GENERAL DYNAMICS INFORMATION TECHNOLOGY, INC.$396.0M
2. MARYLAND DEPARTMENT OF EMERGENCY MANAGEMENT$289.6M
3. LOCKHEED MARTIN CORPORATION$259.1M

Affordable

Housing Affordability

21.3%

of median income

1BR estimate$1,334
2BR estimate$1,757
Median income$91,768
Median home value$349,300

ACS context

Quick Facts

Population

850,796

Median age

39.7

Bachelor's degree+

42.3%

Poverty rate

9.8%

Labor force participation

65.8%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

April 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.5%

GDP CAGR

+5.6%

Federal flow

5 years

Population (5 years)
2020828,193
2021850,702
2022850,737
2023849,586
2024850,796
GDP (5 years)
2020$55.6B
2021$59.6B
2022$65.7B
2023$68.9B
2024$73.1B

2-year linear forecast

Predictive Outlook

Population forecast

2024850,796
2025859,230 *
2026863,639 *

R² = 48.9% · * projected

GDP forecast

2024$73.1B
2025$77.9B *
2026$82.3B *

R² = 99.2% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$91,768/yr
Median rent$1,627/mo
Rent share of income21.3%
Est. mortgage (30yr, 6.5%)$21,195/yr
Mortgage share of income23.1%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.4%
State avg4.4%
U.S. avg4.3%
Labor force participation65.8%
Poverty rate9.8%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$349,300
Median monthly rent$1,627
Price-to-rent ratio17.9x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score70/100
Economic growth82/100
Labor market56/100
Population momentum66/100
Overall stability71/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Baltimore County, Maryland

County

Part of

Baltimore-Columbia-Towson, MD

Nearby locations

Timonium, MDLutherville, MDMays Chapel, MDCockeysville, MDHampton, MD