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State economy

Maryland economy

Maryland's unemployment rate was 3.9% in September 2026, down from 4.1% the month before and 4.3% a year earlier. That ranks 27 of 51 (1 = lowest); the national rate was 4.1%. Employers had 2.79 million jobs on their payrolls in September 2026, a loss of 13,900 (-0.5%) from a year earlier. Home prices (FHFA index) were +2.2% from a year earlier in Q2 2026. Median household income was $116,300 in 2025.

3.9%
unemployment rate
September 2026
Unemployment rate3.9%Rank 27 of 51 (1 = lowest)
10-year range1.9–9.0%Low Apr 2023 · high Apr 2020
Nonfarm jobs2.79M-0.5% in a year · rank 48
Home prices (FHFA)+2.2%1-year change · Q2 2026 · 5-yr +32%
Median household income$116,3002025 · rank 2 of 51

Maryland: unemployment rate

Maryland unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 3.9%; high 9.0% on Apr 1, 2020; low 1.9% on Apr 1, 2023.0%2%4%6%8%10%20082010201220142016201820202022202420263.9%High 9.0%Low 1.9%

Maryland: jobs, change from a year earlier

Maryland nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest -0.5%; high +10.1% on Apr 1, 2021; low -13.8% on Apr 1, 2020.-15%-10%-5%0%5%10%15%20052010201520202025-0.5%High +10.1%Low -13.8%

Maryland: home prices, change from a year earlier

Maryland FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +2.2%; high +23.0% on Apr 1, 2005; low -10.2% on Oct 1, 2008.-20%-10%0%10%20%30%20052010201520202025+2.2%High +23.0%Low -10.2%

Maryland: median household income

Maryland median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $116,300; high $116,300 on Jul 1, 2025; low $29,710 on Jul 1, 1984.$20,000$40,000$60,000$80,000$100,000$120,0001990199520002005201020152020$116,300Low $29,710

Other states

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).