Economic Growth in Baltimore (1=Fastest-Growing; 258=Avg.)
- 471st – Population Growth
- 252nd – Median Household Income Growth
- 407th – Job Growth
- 255th – Poverty Rate Decrease
- 365th – Regional GDP Growth
- 260th – Unemployment Rate Decrease
- 360th – Growth in Number of Businesses
- 450th – Working-Age Population Growth
- 478th – Foreclosure Rate Decrease
- 474th – Median House Price Growth
Baltimore ranks 462nd overall and 63rd in terms of large-city growth.
Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity better than others. Patterns emerge within those cities, allowing us to identify what factors contribute to a lasting cycle of growth. The South currently seems to be an attractive place to move, as the U.S. Census Bureau reports eight of the 15 cities with the largest population gains in 2017 were located in this region.
Some cities thrive even through hard economic times while others struggle. To determine where the fastest local economic growth has occurred in the U.S., WalletHub compared 515 cities of varying population sizes based on 15 key measures of both growth and decline over a period of seven years. Our data set ranges from population growth to unemployment rate decrease to growth in regional GDP per capita. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.
