Bearfacts

Baltimore (Independent City), Maryland

 

Baltimore (Independent City) is one of 24 counties in Maryland. It is part of the Baltimore-Towson, MD (MSA). Its 2007 population of 640,150 ranked 4th in the state.

PER CAPITA PERSONAL INCOME

In 2007 Baltimore (Independent City) had a per capita personal income (PCPI) of $34,427. This PCPI ranked 17th in the state and was 74 percent of the state average, $46,471, and 89 percent of the national average, $38,615. The 2007 PCPI reflected an increase of 7.5 percent from 2006. The 2006-2007 state change was 5.9 percent and the national change was 4.9 percent. In 1997 the PCPI of Baltimore (Independent City) was $21,714 and ranked 18th in the state. The 1997-2007 average annual growth rate of PCPI was 4.7 percent. The average annual growth rate for the state was 4.9 percent and for the nation was 4.3 percent.
 
Per Capita Personal Income, 2007
Per Capita Income as a Percent of the United States, 2007

  Maryland   Baltimore (Independent City)

TOTAL PERSONAL INCOME

AAGR: average annual growth rate
 2006-07 percent change1997-2007 AAGR
Baltimore (Independent City) 7.3 % 4.1 %
Maryland 6.2 % 5.9 %
U.S. 6.0 % 5.4 %

In 2007 Baltimore (Independent City) had a total personal income (TPI) of $22,038,199*. This TPI ranked 5th in the state and accounted for 8.4 percent of the state total. In 1997 the TPI of Baltimore (Independent City) was $14,707,551* and ranked 4th in the state.

*Note: Total personal income estimates are in thousands of dollars, not adjusted for inflation.

COMPONENTS OF TOTAL PERSONAL INCOME

Total personal income includes net earnings by place of residence; dividends, interest, and rent; and personal current transfer receipts received by the residents of Baltimore (Independent City).
 
Percent Contribution to Total Personal Income
Baltimore (Independent City) Maryland United States

 

 

1997

 

 

2007
  Net earnings by place of residence
  Dividends, interest, and rent
  Personal current transfer receipts
 
2006-2007 percent change
  Baltimore (Independent City) Maryland U.S.
Net earnings 7.0 % 4.7 % 5.0 %
Dividends, interest, and rent 11.4 % 12.2 % 9.2 %
Personal current transfer receipts 6.5 % 7.3 % 6.9 %
 
1997-2007 average annual growth rate
  Baltimore (Independent City) Maryland U.S.
Net earnings 4.8 % 6.1 % 5.4 %
Dividends, interest, and rent 1.4 % 4.8 % 4.5 %
Personal current transfer receipts 3.7 % 6.2 % 6.1 %

Last updated: Thursday, April 23, 2009