Baltimore s population is 2.8M, with a total workforce of 1.4M. The labor market grew by 11,200 jobs over the past year, up by 0.8%. The median household income in Baltimore is $79,662, 2.9% higher than last year and 26.1% above the national average of $63,179.
In the housing market, total permits issued totaled 8,160 over the last twelve months, down 4.3% year-over-year. Baltimore has 191 active new home projects on the market, 14.7% fewer than the 224 from last year. The average list price in the market is $575,837, 7.6% lower than last year and 75.3% above the national average. Over the last three months, new home contracts increased by 15.1% to 1,089. Hanover and Baltimore had the highest concentration of the new home contracts in the Baltimore market.