Everything You Need to Know About the City of Baltimore Maryland

In 2018, Baltimore, MD had a population of 602k people with a median age of 35.5 and a median household income of $51,000. Between 2017 and 2018 the population of Baltimore, MD declined from 611,648 to 602,495, a -1.5% decrease and its median household income grew from $47,131 to $51,000, a 8.21% increase.

The population of Baltimore, MD is 61.3% Black or African American Alone, 27.7% White Alone, and 5.49% Hispanic or Latino. N/A% of the people in Baltimore, Maryland speak a non-English language, and 95.5% are U.S. citizens.

The largest universities in Baltimore, MD are Johns Hopkins University (8,878 degrees awarded in 2017), University of Maryland, Baltimore (2,120 degrees), and Loyola University Maryland (1,786 degrees).

The median property value in Baltimore, MD is $167,800, and the homeownership rate is 47.5%. Most people in Baltimore, MD commute by Drove Alone, and the average commute time is 30.3 minutes. The average vehicle proprietorship in Baltimore, MD is 1 vehicle for every household.

Education in Baltimore

In 2017, universities in Baltimore, MD awarded 18,837 degrees. The student population of Baltimore, MD is skewed towards women, with 25,201 male students and 38,697 female students.

Most students graduating from Universities in Baltimore, MD are White (7,951 and 49.8%), followed by Black or African American (4,093 and 25.6%), Asian (1,698 and 10.6%), and Hispanic or Latino (1,099 and 6.88%).

The largest universities in Baltimore, MD by the number of degrees awarded are Johns Hopkins University (8,878 and 47.1%), University of Maryland, Baltimore (2,120 and 11.3%), and Loyola University Maryland (1,786 and 9.48%).

The most popular majors in Baltimore, MD are Registered Nursing (1,144 and 6.07%), General Business Administration & Management (877 and 4.66%), and International Relations & Affairs (806 and 4.28%).

The median tuition costs in Baltimore, MD are $45,290 for private four-year colleges, and $6,003 and $16,976 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Baltimore

The economy of Baltimore, MD employs 286k people and Baltimore has an unemployment rate of 5.9%. Baltimore has seen the job market increase by 0.6% over the last year. Future job development throughout the following ten years is anticipated to be 25.1%, which is lower than the US average of 33.5%. The biggest businesses in Baltimore, MD are Health Care and Social Assistance (50,594 people), Educational Services (37,357 people), and Retail Trade (25,288 people), and the highest paying industries are Professional, Scientific, & Technical Services ($70,207), Finance & Insurance ($65,168), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($60,026).

Households in Baltimore, MD have a median yearly income of $51,000, which is not exactly the median yearly income of $61,937 over the whole United States. This is in comparison to a median income of $47,131 in 2017, which represents an 8.21% annual growth.


Tax Rates for Baltimore

– The Sales Tax Rate for Baltimore is 6.0%.

– The Income Tax Rate for Baltimore is 11.0%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Baltimore

– The average income of a Baltimore resident is $25,062 a year.

– The Median household income of a Baltimore resident is $41,819 a year.