FY 26 Approved Operating Budget

HARFORD COUNTY Economic Statistics Report

Compiled by the Department of Economic Development

LABOR FORCE

Labor Statistics

2M

2.9% Unemployment Rate 03/25 Source: MD DLLR HARFORD COUNTY 3.2% Unemployment Rate 03/25 Source: MD DLLR MARYLAND 4.2% Unemployment Rate 03/25 UNITED STATES

0

SEP 2024

FEB 2025

JAN 2025

APR 2024

DEC 2024

OCT 2024

AUG 2024

MAY 2024

NOV 2024

JULY 2024

MAR 2025

MAR 2024

JUNE 2024

Baltimore County

Cecil County

Harford County

Maryland

UNEMPLOYMENT RATE

Source: US BLS

68.9%

In-Commute Jobs

%

31.1%

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

2

Harford County Annual Average Wage/Week - Q32024

0

$1,113

SEP 2024

FEB 2025

JAN 2025

APR 2024

DEC 2024

OCT 2024

AUG 2024

MAY 2024

NOV 2024

JULY 2024

MAR 2024

MAR 2025

JUNE 2024

Source: U.S. BLS

Baltimore County

Cecil County

Harford County

Maryland

Class of Worker

Harford County Demographic Profile Source: American Community Survey 2023

• Employee of private company: 61.1% • Self-employed in own business: 3.3% • Private not-for-profit wage: 8.7% • Local/State/Federal government: 22.6% • Self-employed not in own business: 4.4%

INDUSTRY FOR CIVILIAN LABOR FORCE

$111,317 2023 median household income 32% higher than the national level

Total Population 264,644

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 61

.4%

6.3%

5.9%

2.0%

11.3%

6.0%

• Under 5: 5.3% • 5 - 17: 22.1% • 18 - 64: 54.6% • Over 65: 18% Population by Age Range

Per Capita Income $51K

1.2%

5.7%

Median Age 41

16.4%

22.5%

7.4%

3.8%

11.1%