FY 25 Harford County Approved Budget in Brief

HARFORD COUNTY Economic Statistics Report

LAST UPDATED May 17, 2024

Compiled by the Department of Economic Development

LABOR FORCE

Labor Statistics

2M

2.6% Unemployment Rate 03/24 Source: MD DLLR HARFORD COUNTY 2.9% Unemployment Rate 03/24 Source: MD DLLR MARYLAND 3.8% Unemployment Rate 03/24 Source: US BLS UNITED STATES

0

FEB 2024

JAN 2024

APR 2023

DEC 2023

OCT 2023

AUG 2023

MAY 2023

NOV 2023

JULY 2023

MAR 2023

MAR 2024

SEPT 2023

JUNE 2023

Baltimore County

Cecil County

Harford County

Maryland

UNEMPLOYMENT RATE

68.9%

In-Commute Jobs

%

2

31.1%

Out-Commute Jobs Source: ACS 2022 (Table S0801)

Harford County Annual Average Wage/Week - Q42022

0

$1,253

SEP 2023

FEB 2024

JAN 2024

APR 2023

DEC 2023

OCT 2023

AUG 2023

MAY 2023

NOV 2023

JULY 2023

MAR 2023

MAR 2024

JUNE 2023

Source: U.S. BLS

Baltimore County

Cecil County

Harford County

Maryland

Class of Worker

Harford County Demographic Profile Source: United States Census Bureau 2022

• Employee of private company: 63.2% • Self-employed in own business: 3.3% • Private not-for-profit wage: 8.3% • Local/State/Federal government: 21.1% • Self-employed not in own business: 4.1%

INDUSTRY FOR CIVILIAN LABOR FORCE

$98,495 2021 median household income 32.7% higher than the national level

Total Population 263,867

Agriculture, Forestry, Fishing and Hunting, and Mining Construction Manufacturing Wholesale Trade Retail Trade Transportation and warehousing, and utilities Information Finance and insurance, and real estate and rental and leasing Professional, scientific, management, administrative and waste management Educational services, and health care and social assistance Arts, entertainment, and recreation, and accommodation and food services Other services, except public administration Public administration 10

.4%

7.1%

6.7%

2.0%

11.5%

5.3%

• Under 5: 5.3% • 5 - 17: 22% • 18 - 64: 55.2% • Over 65: 17.5% Population by Age Range

Per Capita Income $45K

1.2%

6.6%

Median Age 40.8

13.9%

22.4%

7.0%

4.6%

11.4%