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EconPulse

Local economy signal dashboard

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PLACEThriving

Mayo, MD

Thriving overall. Population 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 score80out of 100
Compare
91
62
100
74
100

Population

8,694

Data freshness

Unknown

GDP / Output

+7.5% YoY

91

$69.9B

Output changed +7.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

62

4.0%

Unemployment is 4.0% for Latest available.

Vintage date unknown

State avg4.9%
U.S. avg4.3%

Population

+9.0% 5-year

100

8,694

Population moved +9.0% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

74

18.3%

Median rent consumes 18.3% 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

$14.3K per resident

100

$8.4B

$8.4B 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

$8.4B

$14.3K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Defense$3.8B
2. Social Security Administration$2.7B
3. Department of Veterans Affairs$629.8M

Top recipients

Dollars
1. LEIDOS, INC.$478.8M
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$274.9M
3. CLARK CONSTRUCTION GROUP LLC$262.4M

Affordable

Housing Affordability

18.3%

of median income

1BR estimate$1,945
2BR estimate$2,562
Median income$155,300
Median home value$604,900

ACS context

Quick Facts

Population

8,694

Median age

40.4

Bachelor's degree+

44.0%

Poverty rate

4.6%

Labor force participation

66.9%

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

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

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

+1.7%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
20207,979
20218,197
20228,255
20238,322
20248,694
GDP (5 years)
2020$51.6B
2021$56.4B
2022$60.3B
2023$65.1B
2024$69.9B

2-year linear forecast

Predictive Outlook

Population forecast

20248,694
20258,756 *
20268,911 *

R² = 89.3% · * projected

GDP forecast

2024$69.9B
2025$74.3B *
2026$78.8B *

R² = 99.9% · * 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$155,300/yr
Median rent$2,372/mo
Rent share of income18.3%
Est. mortgage (30yr, 6.5%)$36,704/yr
Mortgage share of income23.6%

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

employment snapshot

Job Market

Unemployment rate4.0%
State avg4.9%
U.S. avg4.3%
Labor force participation66.9%
Poverty rate4.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$604,900
Median monthly rent$2,372
Price-to-rent ratio21.3x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score83/100
Economic growth91/100
Labor market62/100
Population momentum100/100
Overall stability80/100

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

Location Context

Mayo CDP, Maryland

City/Town

Part of

Baltimore-Columbia-Towson, MD

Nearby locations

Annapolis Neck, MDHighland Beach, MDEdgewater, MDAnnapolis, MDGalesville, MD