Maryland Has 7th Best State Economy According to WalletHub Report

With certain state economies hurt more than others during the COVID-19 pandemic, such as Hawaii, which has a 9% unemployment rate, the personal-finance website WalletHub today released its report on 2021’s Best & Worst State Economies.

Maryland came in 7th overall with above average rankings in several categories and slightly below average rankings in two categories.

Economic Performance of Maryland (1=Best; 25=Avg.):

  • 14th – Change in GDP
  • 23rd – Startup Activity
  • 8th – % of Jobs in High-Tech Industries
  • 5th – Annual Median Household Income
  • 30th – Change in Nonfarm Payrolls
  • 27th – Government Surplus/Deficit per Capita

In order to determine America’s top economic performers, WalletHub compared the 50 states and the District of Columbia across 29 key indicators of economic performance and strength. The data set ranges from change in GDP to startup activity to the share of jobs in high-tech industries.

For the full report, please visit:


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