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EconPulse

Local economy signal dashboard

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PLACEThriving

New Market, 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 score81out of 100
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83
74
80
82
100

Population

1,603

Data freshness

Unknown

GDP / Output

+6.3% YoY

83

$20.4B

Output changed +6.3% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

74

3.5%

Unemployment is 3.5% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+5.0% 5-year

80

1,603

Population moved +5.0% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

82

12.6%

Median rent consumes 12.6% 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

$11.4K per resident

100

$3.1B

$3.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$3.1B

$11.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.3B
2. Department of Health and Human Services$768.7M
3. Department of Defense$415.4M

Top recipients

Dollars
1. LEIDOS BIOMEDICAL RESEARCH INC$559.6M
2. ATI GOVERNMENT SOLUTIONS LLC$94.5M
3. KEENAN FT DETRICK ENERGY LLC$44.7M

Affordable

Housing Affordability

12.6%

of median income

1BR estimate$1,752
2BR estimate$2,307
Median income$202,872
Median home value$639,100

ACS context

Quick Facts

Population

1,603

Median age

36.0

Bachelor's degree+

64.3%

Poverty rate

0.8%

Labor force participation

79.2%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

+1.0%

GDP CAGR

+7.2%

Federal flow

5 years

Population (5 years)
20201,527
20211,598
20221,534
20231,588
20241,603
GDP (5 years)
2020$14.4B
2021$15.9B
2022$17.4B
2023$19.1B
2024$20.4B

2-year linear forecast

Predictive Outlook

Population forecast

20241,603
20251,613 *
20261,627 *

R² = 37.7% · * projected

GDP forecast

2024$20.4B
2025$22.0B *
2026$23.5B *

R² = 99.8% · * 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$202,872/yr
Median rent$2,136/mo
Rent share of income12.6%
Est. mortgage (30yr, 6.5%)$38,780/yr
Mortgage share of income19.1%

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

employment snapshot

Job Market

Unemployment rate3.5%
State avg4.3%
U.S. avg5.2%
Labor force participation79.2%
Poverty rate0.8%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$639,100
Median monthly rent$2,136
Price-to-rent ratio24.9x

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

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth83/100
Labor market74/100
Population momentum80/100
Overall stability81/100

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

Location Context

New Market town, Maryland

City/Town

Part of

Washington-Arlington-Alexandria, DC-VA-MD-WV

Nearby locations

Linganore, MDMonrovia, MDSpring Ridge, MDGreen Valley, MDBartonsville, MD