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Baltimore

Primary Office Markets

     
Baltimore 41,014,403 sq/ft  
     
Downtown / Inner Harbor / Harbor East 26,767,391 sq/ft  
West, East, North, South and Baltimore 14,247,012 sq/ft  

Notable Independent Companies

 
Independent Publicly Traded
             
    location   Symbol   Market Cap
             
Under Armour, Inc   Tide Point / Fells Point / South Baltimore   (UA)    
T.Rowe Price Group, Inc   Downtown / Inner Harbor   (TROW)    
Legg Mason, Inc   Harbor East / East Baltimore   (LM)    
Adams Express Company   Downtown / Inner Harbor   (ADX)    
FTI Consulting Inc   Downtown / Inner Harbor   (FCN)    
Constellation Energy / BGE   Downtown / Inner Harbor   (CEG)    
             

Taxes

         
    Baltimore   Maryland
Corporate Income Tax (2011)   none   8.25%
 
Personal Income Tax (2011)   3.20%   2.0% - 5.5%1
 
Sales & Use Tax (2011)   none   6.0%2
 
Business Personal Property Tax (FY 11)   $5.673   none
 
Real Property Tax (FY 11)   $2.2684   $0.112
 
1 Graduated rate peaking at 5.5% on taxable income over $500,000

2 Exempt – sales for resale; manufacturer’s purchase of raw materials; manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale

3 Rate per $100 of depreciated value. Exempt – manufacturing and R&D machinery, equipment, materials and supplies; manufacturing, R&D and warehousing inventory
In an incorporated area, the county rate may vary and a municipal rate may also apply

4 Effective rate per $100 of assessed value. In addition to this rate, there are some miscellaneous taxes and/or special taxing areas in the county; in an incorporated area, the county rate may vary and a municipal rate will also apply

 

Demographics

 
 
Population
620,961
 
Median household income (in 2009 inflation-adjusted dollars)
$56,658
 
State Median household income (in 2009 inflation-adjusted dollars)
$69,272
 
Per capita income (in 2009 inflation-adjusted dollars)
$23,267
 
Housing units
296,685
 
Private Sector Jobs
248,778
 
Private Sector Establishments
13,450
 
Total civilian labor force (BY PLACE OF RESIDENCE)
276,780
 
Residents commuting outside the county to work (2007-2009)
106,903 (38.8%)