By What is the median household income in Baltimore?
Table
| Population | ||
|---|---|---|
| Income & Poverty | ||
| Median household income (in 2019 dollars), 2015-2019 | $50,379 | $62,843 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $31,271 | $34,103 |
| Persons in poverty, percent | 21.2% | 10.5% |
What is the population of Baltimore 2020?
585,708
While Baltimore County grew between 2010 and 2020, the city of Baltimore saw yet another decline in population during the last decade. The city had a population of 585,708 as of the 2020 Census compared with 620,961 in 2010, a 5.7% decrease.
Is Baltimore a low income community?
43.7% of people in Baltimore City live below 200% of the poverty line – $48,600 for a family of four in 2016. 16.8% of seniors in Baltimore City live below the poverty line – $11,880 for an individual – in 2016. 33.3% of children in Baltimore City live below the poverty line – $24,300 for a family of four – in 2016.
Is Baltimore a rich area?
Although it ranks as one of the richest cities in the country, the Baltimore metro area median household income is actually lower than the statewide median of $80,776.
Is Baltimore a poor city?
Nearly 40 million Americans are living below the poverty line, the study found. Baltimore City has the highest poverty rate in Maryland, at 21.8% of its population, while Calvert County has the lowest, at 5.1%. The areas with the highest rates of poverty are Baltimore City and Somerset and Allegany counties.
What is considered low income in Maryland 2020?
Low-income families are those that make less than 200 percent of the federal poverty guideline, $21,780 for a single person or $44,700 for a four-person household.
What was the population of Baltimore in 2017?
In 2017, Baltimore, MD had a population of 612k people with a median age of 35.3 and a median household income of $47,131. Between 2016 and 2017 the population of Baltimore, MD declined from 614,664 to 611,648, a -0.491% decrease and its median household income declined from $47,350 to $47,131, a -0.463% decrease.
What’s the average price of a house in Baltimore?
The median price was $375,000, up +13.6% year-0ver-year. Total pending sales were 10,699 whereas in 2020 they were 10,094. The ACTIVE INVENTORY is 8,550 units whereas in 2020 it was 15,558 units. MONTHS OF INVENTORY is 1.0 whereas in 2020 it was 2.2. MEDIAN DAYS ON MARKET is 6 whereas in 2020 it was 14.
What is the income inequality in Baltimore MD?
The income inequality in Maryland (measured using the Gini index) is 0.459, which is lower than than the national average. The economy of Baltimore, MD employs 286k people. The largest industries in Baltimore, MD are Health Care & Social Assistance (50,594 people)]
How is the housing market in Baltimore County?
The delinquency rate in Baltimore reached an all-time high of 9.4 percent during the pandemic, but it is now at 6.6 percent, up 2.3 percent year over year. In June, 1,281 housing units were sold in Baltimore County versus 1,079 last year, according to Maryland REALTORS® Monthly Statistics.