Maryland

The state’s largest city is Baltimore and the capital is Annaplois. Sixteen of Maryland’s twenty-three counties border on the tidal waters of the Chesapeake Bay estuary and its many tributaries which total more then 4,000 miles of shoreline.There are over six million residents who have the highest median household income of any state due to its highly diversified economy spanning manufacturing, government (federal and local) services and biotechnology. Maryland households are currently the wealthiest in the country and is ranked #1 with the most millionaires per capita with one of the lowest poverty rates in the country. The economy is comprised of technical and administrative tasks for defense/aerospace industry and bio-research laboratories. Federal government agencies such as Defense Information System Agency, United States Cyber Command and the National Security Agency (NSA), who is one of the largest employers are located in the state. Johns Hopkins University and its medical and research facilities are now the largest single employer in the Baltimore area. The manufacturing sector, while large in dollar value, is highly diversified with no sub-sector providing over 20 percent of the total. Baltimore City represents the eighth largest port in the nation.

Wealth in America: Where are the richest and poorest states based on household income?
Grant Suneson, 24/7 Wall Street Published 6:00 a.m. ET Oct. 8, 2018

24/7 Wall Street ranked all 50 states according to the newly-released median household income figures from the U.S. Census Bureau’s 2017 American Community Survey.
1- Maryland

• Median household income: $80,776
• Population: 6,052,177 (19th highest)
• 2017 unemployment rate: 4.1 percent (22nd lowest)
• Poverty rate: 9.3 percent (2nd lowest)

Though it did not have a significant increase in its median household income from 2016 to 2017, Maryland is still America’s richest state. No state has a higher median household income than Maryland’s $80,776. Maryland borders Washington D.C. on three sides, so it should come as no surprise that a disproportionate share of the state’s residents work in public administration. More than 1 in 10 Maryland workers are in the public administration sector, which includes many lucrative federal government jobs. Many Maryland adults are qualified for highly specialized, high paying jobs, as 39.7 percent of adults in the state hold at least a bachelor’s degree — the third highest rate among states.