- 172,188 employers
- 2.65 million employees
- $1,146 average weekly wage
- The average weekly wage is 7.6% 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. 97.9% of employers run private companies in the state, 1.0% higher than the national average. The remaining 2.1% of employers are government agencies: 0.6% of employers are federal agencies, 0.3% are state agencies and 1.2% are local government agencies. The chart below illustrates this breakout.
81.7% of employees work for a private company. This is -3.4% below the national average of 85.1%. 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 5.5%. The percentage of employees working for a government agency (18.3%) is 3.4% higher than the national average.
The average pay in the state is $1,146, which is 7.6% higher than the national average of $1,065. Maryland workers that are employed by private businesses earn $1,100 per week, 3.4% lower than the national average for private company employees. Employees of federal government agencies in Maryland earn $1,950 per week, a premium of 77.3% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Professional services with 17.4% of the businesses in the state. Other services (11.6%) and Retail trade (11.0%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 17.0% of all workers, followed by Retail trade and Professional services which account for 13.3% and 11.4% of private company employees. The table below illustrates the number of businesses by sector:
|Professional and technical services||29,368||17.4%|
|Other services, except public administration||19,506||11.6%|
|Health care and social assistance||17,401||10.3%|
|Accommodation and food services||12,268||7.3%|
|Administrative and waste services||12,109||7.2%|
|Finance and insurance||8,356||5.0%|
|Real estate and rental and leasing||6,742||4.0%|
|Transportation and warehousing||3,937||2.3%|
|Arts, entertainment, and recreation||2,465||1.5%|
|Management of companies and enterprises||698||0.4%|
|Agriculture, forestry, fishing and hunting||625||0.4%|
|Mining, quarrying, and oil and gas extraction||98||0.1%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||369,325||17.0%|
|Professional and technical services||247,264||11.4%|
|Accommodation and food services||234,072||10.8%|
|Administrative and waste services||170,787||7.9%|
|Finance and insurance||92,955||4.3%|
|Other services, except public administration||91,492||4.2%|
|Transportation and warehousing||78,101||3.6%|
|Real estate and rental and leasing||47,332||2.2%|
|Arts, entertainment, and recreation||46,123||2.1%|
|Management of companies and enterprises||25,712||1.2%|
|Agriculture, forestry, fishing and hunting||5,284||0.2%|
|Mining, quarrying, and oil and gas extraction||1,148||0.1%|
The table below is ordered by the average weekly wage for each sector:
|Management of companies and enterprises||$2,309|
|Finance and insurance||$2,011|
|Professional and technical services||$1,851|
|Mining, quarrying, and oil and gas extraction||$1,339|
|Real estate and rental and leasing||$1,225|
|Health care and social assistance||$1,013|
|Transportation and warehousing||$980|
|Administrative and waste services||$833|
|Other services, except public administration||$804|
|Agriculture, forestry, fishing and hunting||$703|
|Arts, entertainment, and recreation||$636|
|Accommodation and food services||$414|
Each broad sector is made up of specific industries. In Maryland the industry with the most businesses is Restaurants and other eating places (with 10,025 businesses employing 185,575 workers). The next two industries are Computer systems design and related services and Private households. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||10,025||18.5|
|Computer systems design and related services||9,230||7.9|
|Management consulting services||5,765||6.0|
|Offices of physicians||4,819||10.8|
|Residential building construction||4,529||4.4|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 185,575 people in 10,025 businesses. On average, these employees are paid $368, 67.9% less than the state average. There are 18.5 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||185,575||18.5|
|General medical and surgical hospitals||99,043||497.7|
|Computer systems design and related services||73,184||7.9|
|Offices of physicians||51,951||10.8|
|Supermarkets and other grocery stores||50,252||44.4|
|Temporary help services||43,349||26.5|
The industry that pays the most (on an average weekly basis) is Other financial vehicles. There are 155 employees working in 40 businesses. The next best paying industries are Miscellaneous intermediation and Investment advice.
|Detailed Industry||Wkly Wage|
|Other financial vehicles||$5,593|
|Investment banking and securities dealing||$3,751|
|Computer and software merchant wholesalers||$3,358|
The solopreneur company, has the most businesses in Maryland by far. 60.6% of all businesses in the state have fewer than 5 employees. The 159,894 small businesses in the state represent 94.8% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 9.2% of all employees, which is 1.8% lower than the national average of 11.0%. 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 7.0% of all workers, which is 0.2% lower than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 44.8% of the labor force in the state, 1.2% more than the national average of 43.6%.
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).
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.