Maryland Employment Statistics
81.7% of employees work for a private company. This is 3.5% below the national average of 85.2%. Local government agencies employ 9.1% of the workers in the state, state government agencies employ 3.7% of the workers and the federal government employs 5.4%. The percentage of employees working for a government agency (18.3%) is 3.5% higher than the national average. The chart below illustrates the breakout of employees by type of employer.
- 172,835 employers
- 2,676,866 employees
- $1,176 average weekly wage
- The average weekly wage is 6.8% above the national average
- The cost of living is 31.3% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Maryland, you are most likely to be running a private company rather than a government agency. 98.0% of employers run private companies in the state, BIGGER0.9% greater than the national average of 97.0. The remaining 2.0% of employers are government agencies: 0.6% work in a federal agency, 0.3% work for the state and 1.2% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in Maryland is $1,176 per week, which is 6.8% less than the national average of $1,101 per week. Maryland workers that are employed by private businesses earn $1,130 per week, 2.7% greater than the national average for private company employees. Employees of federal government agencies in Maryland earn $2,035 per week, a premium of 80.1% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Professional services with 17.2% of the businesses in the state. Other services (11.2%) and Retail trade (10.6%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||12,270||7.1%|
|Finance and insurance||8,393||4.9%|
|Real estate and rental||6,863||4.0%|
|Transport and warehousing||3,971||2.3%|
|Arts and entertainment||2,467||1.4%|
|Agriculture and forestry||633||0.4%|
|Mining and oil extraction||88||0.1%|
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare
with 14.0% of the employees in the state. Retail trade
(10.6%) and Professional services
(9.4%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||234,502||8.8%|
|Finance and insurance||91,830||3.4%|
|Transport and warehousing||83,679||3.1%|
|Arts and entertainment||47,423||1.8%|
|Real estate and rental||46,459||1.7%|
|Agriculture and forestry||5,330||0.2%|
|Mining and oil extraction||1,117||0.0%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Utilities
paying $2,408per week compared with the state average of $1,130. Company management
($2,352) and Finance and insurance
($2,094) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$2,094||185.3%|
|Mining and oil extraction||$1,317||116.5%|
|Real estate and rental||$1,253||110.9%|
|Transport and warehousing||$992||87.8%|
|Agriculture and forestry||$726||64.2%|
|Arts and entertainment||$620||54.9%|
|Accommodation and food services||$430||38.1%|
Businesses by Industry
Each broad sector is made up of specific industries. In Maryland. the industry with the most businesses is Restaurants and other eating places
with 5.8% of the businesses in the state (with 10,015 employing 186,085 workers). Computer systems design and related services
(5.4%) and Private households
(4.3%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||10,015||18.6|
|Computer systems design and related services||9,408||8.2|
|Management consulting services||5,701||6.1|
|Offices of physicians||4,870||10.9|
|Residential building construction||4,455||4.4|
|Wholesale trade agents and brokers||4,080||2.3|
|Offices of lawyers||2,994||5.5|
|Accounting and bookkeeping services||2,846||6.0|
|Offices of dentists||2,603||6.8|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 7.0% of the businesses in the state. The industry employs 186,085 in 10,015 businesses, there are 18.6 employees on average in each of these businesses. General medical and surgical hospitals
(3.7%) and Computer systems design and related services
(2.9%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||186,085||18.6|
|General medical and surgical hospitals||98,943||504.8|
|Computer systems design and related services||77,173||8.2|
|Offices of physicians||52,895||10.9|
|Supermarkets and other grocery stores||49,587||44.2|
|Temporary help services||43,893||26.0|
|Management consulting services||34,937||6.1|
|Plumbing and hvac contractors||29,757||13.0|
|Nursing care facilities skilled nursing||29,423||111.0|
Average Weekly Wage by Industry
The industry that pays their employees the most is Other financial vehicles
, paying $6,192 compared with the state average of $1,130. Miscellaneous intermediation
($4,493) and Investment advice
($4,410) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Other financial vehicles||$6,192||548.0|
|Investment banking and securities dealing||$3,840||339.8|
|Computer and software merchant wholesalers||$3,474||307.4|
|Accessories and other apparel manufacturing||$3,084||272.9|
|Coal and other mineral merchant wholesalers||$3,077||272.3|
|Electric power generation||$2,997||265.2|
Maryland Businesses by Size
company, has the most businesses in Maryland by far. 60.8% of all businesses in the state have fewer than 5 employees. The 159,894 small businesses in the state represent 95.2% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Maryland Employees by Business Size
The largest companies in the state represent 118.5% of all employees, which is 20.0% lower than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur
(those that employ fewer than 5) companies employ 90.8% of all workers, which is 0.7% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 578.0% of the labor force in the state, 28.0% more than the national average of 550.0%.
Maryland Avg Weekly Wages by Business Size
The smallest companies in Maryland (those with fewer than 5 employees) pay workers 17.4% more than the national average ($1,180 per week as compared to the national average of $975 per week). The largest companies in Maryland (those with more than 1,000 employees) pay 17.2% workers below the national average ($1,606 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.