Harford County’s Growing Economy

Maryland’s new center of opportunity!

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Harford County is strategically located on I-95 in the heart of the East Coast and Mid-Atlantic Markets. Harford County’s location, highly-skilled workforce, and business-friendly environment offer the most preferable setting to prospective businesses and industry sectors.

Households & Population (2020)

 

Households: 97,241

Population: 257,680

Harford County’s population is projected to grow by 14,317 residents over the next ten years

Population Distribution (2013)

 

Age Number Percent

Under 5 14,049 5.6

5-19 50,078 20.1

20-44 76,891 30.9

45-64 73,166 29.4

65 and over 35,031 14.1

Total 249,215 100.0

Civilian Labor Force (2018)

Total Civilian Labor Force: 139,019

Employment: 131,127

Unemployment: 7,892

Unemployment Rate: 5.0%

Income Distribution

 

Distribution Percent Households

Under 25,000 13.2

25,000-49,999 16.1

50,000-74,999 18.5

75,000-99,999 15.4

100,000-149,999 20.9

150,000-199,999 8.8

200,000 and over 7.0

 

Median Household: $91,492

Per Capita: $60,266

Employment in Selected Occupations

Management, Bussiness, Science, and Arts:

53,055 (41.9%)

Service:

17,888 (14.1%)

Sales and Office:

33,149 (26.2%)

Production, Transportation, and Material Moving:

11,600 (9.2%)

Major Private Employers (2014)

Over 66,195 Harford County citizens are employeed in the private sector!

Employment by the Government

Federal Government: 12,100 Employees

State Government: 580 Employees

Local Government: 8,999 Employees

Baltimore Region & Counties

Population & Employment Forecast: 2019-2029

Harford County’s employment is projected to grow by over 22,022 jobs between 2019 and 2029, which represents a 17.8% increase in jobs over the next ten years. By contrast, the Baltimore region’s employment is projected to grow by 9.5% or 159,641 jobs between 2019 and 2029.

Tax Rates

Harford Maryland

Corporate Income Tax none 8.25%

Personal Income Tax 3.06% 2.0%-5.75%

Sales & Use Tax none 6.0%

Real Property Tax 1.042% 0.112%