Baltimore City has the highest poverty rate in Maryland, at 21.8% of its population, while Calvert County has the lowest, at 5.1%. The areas with the highest rates of poverty are Baltimore City and Somerset and Allegany counties.

What is the wealthiest city in Maryland?

In Maryland, Potomac is home to more billionaires who control more wealth than any other city. A total of two billionaires live in Potomac with a combined net worth of $9 billion. Of Potomac residents with a minimum 10-figure net worth, Mitchell Rales is the wealthiest, worth an estimated $1.4 billion.

What is the poorest part of Maryland?

Still, Marylands poorest town ranks among the poorest towns in the country. In Cumberland, a northern Maryland town situated along the West Virginia state border, the typical household earns just $32,825 a year – nearly $25,000 less than the national median income and less than half the state median.

Which is the richest county in Maryland?

Maryland is the richest state in the United States of America, with a median household income of $69,272 according to the 2010 census .Maryland counties ranked by per capita income.Rank1CountyMontgomeryIncome Per Capita (2014 Dollars)$48,916Number of Households362,60823 more columns

What is the poverty line in Maryland?

13.3% of children in Maryland State live below the poverty line - $24,300 for a family of four – in 2016. 9.9% of people in Maryland State live below the poverty line - $24,300 for a family of four – in 2016. The median income for households in Maryland State is $76,067.

How many billionaires are in Maryland?

10 billionaires As of March 18, 2021, Marylands 10 billionaires had a combined net worth of $33.8 billion, up from $25 billion a year ago, about a 35% gain. [See table below] Nationally, the collective wealth of 657 U.S. billionaires rose by $1.3 trillion, or nearly 45%.

Why is Maryland so rich?

The states proximity to Washingtons lucrative jobs, its abundance of workers with advanced degrees, and solid health and research opportunities in the Baltimore area continually keep Maryland at the peak of the economic charts, experts said.

What is considered middle class in Maryland?

Popular ArticlesStateMiddle-class incomeMedian household incomeMaryland$71,844$86,738Utah$71,034$75,780Nevada$70,752$63,276Virginia$67,197$76,45646 more rows•16 Apr 2021

What salary is considered poor?

There are two slightly different versions of the federal poverty measure: The poverty thresholds, and. The poverty guidelines .2021 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA.Persons in family/householdPoverty guideline1$12,8802$17,4203$21,9604$26,5005 more rows

Are there any billionaires in Maryland?

A total of 10 billionaires on this years list hail from Maryland. Other Maryland billionaires on the list include: Mitchell Rales, Danaher Corp., $6.2 billion. Stephen Bisciotti, Allegis Group and Baltimore Ravens $4.9 billion.

Who is the biggest employer in MD?

Patuxent Institution State Profile: Largest Employers#EmployerNumber of Employees1Patuxent Institution15,0002US Social Security Admin11,4003University of MD Medical Ctr10,4944Nasa/Goddard Space Flight Ctr10,00022 more rows

How many billionaires live in the state of Maryland?

10 billionaires A total of 10 billionaires on this years list hail from Maryland.

What is the largest industry in Maryland?

Marylands leading industries by employment are health care and social assistance, state and local government, retail trade, and professional and technical services. Marylands Gross State Product (GSP) was $295.4 billion in 2010.