County profile
Carroll County, MD
United States · GDP 2024
#489 of 3,127 US counties by GDP66th-percentile growthmore diversified than 88% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$8.9B
BEA · 2024
GDP growth (YoY)
+5.8%
BEA · 2024
Jobs tracked
53,981
Census CBP · 2023
Employers
4,279
Census CBP · 2023
Avg. wage
$55.5k
BLS QCEW · 2023
Population
176,677
Census PEP · 2025
Labor, income & education
Unemployment
3.0%
Median HH income
$118.2k±$3.9k
Bachelor's degree+
40.7%±1.3%
Poverty rate
5.2%±0.6%
Business applications
1,651 · 2025
Retail establishments
459
26.0/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Farmers and Merchants Bancshares, Inc.Financial Services———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 care26%
Retail trade22%
Construction16%
Food & accommodation15%
Manufacturing11%
Professional services10%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
176,677
residents · 2025 · +2.2% since 2020
Income per capita $78.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+3,288
International migration+996
Natural change−458
GDP trend
2019–2024 · nominal
$6.8B2019
$6.6B2020
$7.0B2021
$7.8B2022
$8.4B2023
$8.9B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$434.0k±$5.5k
Median gross rent
$1.4k/mo±$44/mo
Vacancy rate
3.7%±0.6%
Affordability
7.8× wages
Residential permits
$55.5M
153 units · 0.9/1k pop
FEMA risk score
59.5
HUD Fair Market Rent (2BR):$1.9k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 94Winter weather 86Lightning 78
FHFA HOUSE PRICE INDEX · 2016–2025
6162016
6332017
6502018
6692019
6862020
7552021
8372022
8842023
9552024
9712025
RESIDENTIAL PERMITS · 2021–2025
↓ -68% since 20214812021
3502022
2102023
1562024
1532025
Transport access
BTS · FAA · USACE
Nearest interstate
18.9 km
I-795
Nearest freight rail
0.8 km
MMID
Nearest port
40.3 km
Baltimore, MD
Nearest commercial airport
52.7 km
BALTIMORE/WASHINGTON INTL THURGOOD MARSHALL
Filing activity
SEC EDGAR1 filing from 1 company here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$55.5k
avg. annual pay · +24% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Carroll?
Carroll's economy produced $8.9B in 2024, growing 5.8% year over year — faster than most 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.