/cars
/jobs
/homes
/boats
/ld
/buy
/news
/mids





Maryland richest state in U.S.

Story comments (if available)
Print
Add to Facebook
Google bookmark

ADVERTISEMENT
HomesInAnnapolis.com

Edgewater

Annapolis
Published August 27, 2008

Maryland tops the list of the wealthiest residents in the country, according to Census data released yesterday.

The median household income in the state sits at $68,080, a 1.6 percent increase from last year, based on surveys over the past 12 months.

But in Anne Arundel County, household incomes rise to a range well above that at $80,402. That's been gaining over the years with $79,160 median incomes in 2006 and $71,961 in 2005.

Joseph E. Cater, president of Market-Economics Inc. in Annapolis, attributed the increase in the county's income levels to the medical industry, which has seen expansion in Annapolis as well as Glen Burnie.

"We've seen about 6 percent growth in medical services," Dr. Cater said. "That, despite recession, they've been the primary sector that's been growing. I hate to say it, but that's a big contributing factor to this income growth we're seeing, and it sort of reverberates through the economy."

He said the Census figures are a middle estimate of incomes, and that many county residents make far less than $80,000 per year.

Despite having many wealthy residents, Anne Arundel County is not as rich as some others districts within the state. Three of the nation's 10 wealthiest counties are in Maryland. Howard County came in third with a median household income of $101,672. Calvert County ranked sixth and Montgomery County ranked 10th.

As incomes are rising, however, so is the poverty rate. Maryland's 8.3 percent poverty rate is lower than the national average, but it climbed from 7.8 percent a year earlier.

But in Anne Arundel County, poverty has declined over the past three years. In 2005, 3.6 percent of families in the county were below the poverty level, but in 2006, that number decreased to 2.7 percent and based on 2007 figures, has now dropped to 2.6 percent.

Unemployment in the state and the county is also on the rise, according to the Maryland's Department of Labor, Licensing and Regulation. New numbers show 4.6 percent of Marylanders are unemployed, and 4.2 percent of Anne Arundel County residents are jobless.

Those figures have risen over June rates, which show Maryland's unemployment has increased by .4 percent and Anne Arundel's by .2 percent.

In the nation, median household income climbed 1.3 percent in 2007 over the previous year, rising to $50,233. This makes for the third year in a row of annual increases.

Meanwhile, the nation's poverty is also growing. In 2007 it was 12.5 percent, a statistical plateau from the year before. According to Census figures, there were 37.3 million U.S. residents in poverty up from 36.5 million in 2006.

---

esauers@capitalgazette.com

 

Reader comments: ( Post )
Comments solely reflect the views of and are the responsibility of users, not Capital Gazette Communications, Inc. or its suite of online properties including HometownAnnapolis.com, CapitalOnline.com, HometownGlenBurnie.com, and others. Readers may find some comments offensive or inaccurate. To comment, users agree to abide by rules of participation. If you believe a comment violates these rules, please notify us.

 

Post a comment
By posting a comment you acknowledge that you have read and will abide by the rules of participation.
To post comments, you must have a Hometown Account. Join now!
Subject:
Comment:




Advertisement

Contact Us ¦ Register ¦ Send Us News Tips
Capital Gazette Newspapers ¦ 2000 Capital Dr. ¦ Annapolis, MD 21401 ¦ 410-268-5000
HometownAnnapolis.com ¦ HometownGlenBurnie.com ¦ BowieBlade.com
Subscribe ¦ Buy a Newspaper ¦ Advertise ¦ Classifieds ¦ Jobs ¦ Restaurants ¦ Local Web Directory
Archives ¦ Calendar ¦ Cars & Boats ¦ Hotels & Lodging ¦ 2008 Readers Choice Awards
¦ Multimedia ¦ Photo Store ¦ Site Map ¦ Tour Annapolis ¦ Traffic Cams ¦ USNA ¦ Weather

Copyright © 2008 Capital Gazette Communications, Inc. , Annapolis, Md. ¦ Privacy Policy & Terms of Service