Places/MD/Allegany County, MD
County profile

Allegany County, MD

United States · GDP 2024
#885 of 3,127 US counties by GDP50th-percentile growthmore diversified than 33% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$3.5B
BEA · 2024
GDP growth (YoY)
+4.4%
BEA · 2024
Jobs tracked
21,366
Census CBP · 2023
Employers
1,430
Census CBP · 2023
Avg. wage
$49.0k
BLS QCEW · 2023
Population
66,848
Census PEP · 2025
Labor, income & education
Unemployment
5.3%
Median HH income
$59.6k±$2.8k
Bachelor's degree+
21.1%±1.2%
Poverty rate
16.9%±1.9%
Business applications
459 · 2025
Retail establishments
246
36.7/10k pop

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care34%
Retail trade22%
Food & accommodation19%
Manufacturing12%
Other services7%
Construction5%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
66,848
residents · 2025 · -1.6% since 2020
Income per capita $52.7k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+852
International migration+123
Natural change2,104

GDP trend

20192024 · nominal
$3.2B
2019
$3.1B
2020
$3.2B
2021
$3.3B
2022
$3.4B
2023
$3.5B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$154.9k±$4.0k
Median gross rent
$805/mo±$41/mo
Vacancy rate
16.3%±1.4%
Affordability
3.2× wages
Residential permits
$10.8M
35 units · 0.5/1k pop
FEMA risk score
58.5
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Landslide 93Strong wind 74Winter weather 73
FHFA HOUSE PRICE INDEX · 20162025
232
2016
241
2017
238
2018
247
2019
257
2020
278
2021
315
2022
336
2023
361
2024
373
2025
RESIDENTIAL PERMITS · 20212025
-3% since 2021
36
2021
24
2022
19
2023
59
2024
35
2025

Transport access

BTS · FAA · USACE
Nearest interstate
5.5 km
I-68
Nearest freight rail
3.0 km
CSXT
Nearest port
105.7 km
ALLEGHENY ENERGY SUPPLY, FORT MARTIN POWER STATION DOCK
Nearest commercial airport
78.3 km
JOHN MURTHA JOHNSTOWN/CAMBRIA COUNTY
Wage trend
BLS QCEW · 20192023
$49.0k
avg. annual pay · +21% since 2019
The read

What is the GDP of Allegany?

Allegany's economy produced $3.5B in 2024, growing 4.4% year over yearabout the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.