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EconPulse

Local economy signal dashboard

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PLACEThriving

North Laurel, MD

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

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Overall score77out of 100
Compare
85
74
67
72
100

Population

25,563

Data freshness

Unknown

GDP / Output

+6.5% YoY

85

$37.1B

Output changed +6.5% 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

+2.8% 5-year

67

25,563

Population moved +2.8% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

72

19.8%

Median rent consumes 19.8% 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

$25.9K per resident

100

$8.6B

$8.6B 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

$8.6B

$25.9K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Defense$3.0B
2. Department of Health and Human Services$2.3B
3. Social Security Administration$1.4B

Top recipients

Dollars
1. THE JOHNS HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY LLC$2.3B
2. TCOM, L.P.$700.1M
3. FREQUENTIS USA, INC$155.5M

Affordable

Housing Affordability

19.8%

of median income

1BR estimate$1,665
2BR estimate$2,193
Median income$122,949
Median home value$450,100

ACS context

Quick Facts

Population

25,563

Median age

35.5

Bachelor's degree+

53.5%

Poverty rate

4.7%

Labor force participation

73.3%

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

+0.6%

GDP CAGR

+5.3%

Federal flow

5 years

Population (5 years)
202024,856
202124,233
202224,414
202325,201
202425,563
GDP (5 years)
2020$28.7B
2021$31.3B
2022$32.6B
2023$34.9B
2024$37.1B

2-year linear forecast

Predictive Outlook

Population forecast

202425,563
202525,568 *
202625,806 *

R² = 47.2% · * projected

GDP forecast

2024$37.1B
2025$39.0B *
2026$41.1B *

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$122,949/yr
Median rent$2,031/mo
Rent share of income19.8%
Est. mortgage (30yr, 6.5%)$27,311/yr
Mortgage share of income22.2%

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 participation73.3%
Poverty rate4.7%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$450,100
Median monthly rent$2,031
Price-to-rent ratio18.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score77/100
Economic growth85/100
Labor market74/100
Population momentum67/100
Overall stability77/100

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

Location Context

North Laurel CDP, Maryland

City/Town

Part of

Baltimore-Columbia-Towson, MD

Nearby locations

Scaggsville, MDSavage, MDWest Laurel, MDLaurel, MDMaryland City, MD