The average Marylander is taxed at a rate of 0.87% for property, a maximum of 5.75% for income and 6.00% for sales. Compared to the national averages Maryland earns a score of average for property taxes, average for income taxes and good 👍 for combined local and state sales tax. Quick links to regions of Maryland with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Maryland
Maryland has approximately 6,024,752 residents. A common term for people in Maryland is "Marylandian". Within this population there are around 72,422 births and 49,928 deaths per year. Approximately 75.6% of this population speaks English exclusively. Conversely, 1.6% of this population has no verbal English skill. On average, real estate listings in Maryland are on the market for 90 days. The Market Health Index for Maryland is 0.78. Maryland has one of the top ten largest income disparities between the wealthiest and poorest counties. Howard is the wealthiest of all counties in Maryland. The least wealthy of all counties in Maryland is Somerset.
Daily state facts: The best colleges in Maryland includ John Hopkins University, Salisbury and the University of Maryland.
According to the Bureau of Labor Statistics, Maryland employment in February 2023 was 3,167,183, unemployment was 92,396 or 2.9% of total jobs.