Maryland Real Estate Market Data
Maryland households are currently the wealthiest in the country, with a 2009 median household income of $69,272 which puts it ahead of New Jersey and Connecticut, which are second and third respectively. Two of Maryland's counties, Howard and Montgomery, are the third and tenth wealthiest counties in the nation respectively.Maryland's economic activity is strongly concentrated in the tertiary service sector, and this sector, in turn, is strongly influenced by location. Service activity takes advantage of the close location of the center of government in Washington, D.C. and emphasizes technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area. In addition, a number of educational and medical research institutions are located in the state. In fact, the various components of The Johns Hopkins University and its medical research facilities are now the largest single employer in the Baltimore area. Altogether, white collar technical and administrative workers comprise 25 percent of Maryland's labor force, attributable in part to nearby Maryland being a part of the Washington Metro Area where the federal government office employment is relatively high.