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It is part of the larger Washington–Baltimore combined statistical area. As of 2022, the combined population of the seven counties is 2,985,871, making it the 20th-largest metropolitan statistical area in the nation. The area has the fourth-highest median household income in the United States, at $66,970 as of 2012. [2]
Maryland is the richest state in the United States of America, with a median household income of $69,272 according to the 2010 census. [1] Per capita income was $25,615 in 2000 and personal per capita income was $37,331 in 2003.
The difference in estimates of per capita income and per capita personal income is large. In 2019, the U.S. Census Bureau calculated a per capita income of the United States as 34,103 dollars. [4] The U.S. Bureau of Economic Analysis calculated the PCPI as 56,490 dollars. [5]
When income goes up, it can lessen the burden of inflation and even outpace it. The Consumer Price Index, which measures the average change in prices over time, jumped roughly 13.5% in 24 months ...
The Office of Management and Budget (OMB) has designated more than 1,000 statistical areas for the United States and Puerto Rico. [2] These statistical areas are important geographic delineations of population clusters used by the OMB, the United States Census Bureau, planning organizations, and federal, state, and local government entities.
The average household size was 2.83 and the average family size was 3.24. The median age was 37.4 years. [34] The median income for a household in the county was $88,825 and the median income for a family was $98,560. Males had a median income of $62,210 versus $52,477 for females. The per capita income for the county was $35,780.
Other cities with relatively small income discrepancies are Boise, ID (at 3.9 times) and Aurora, CO (at 4.0 times). More than one-fifth of households make more than $200k annually in these cities.
Baltimore's new guaranteed income program will pay $1000 per month