County profile
Frederick County, MD
United States · GDP 2024
#257 of 3,127 US counties by GDP71st-percentile growthmore diversified than 94% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$20.4B
BEA · 2024
GDP growth (YoY)
+6.3%
BEA · 2024
Jobs tracked
95,077
Census CBP · 2023
Employers
6,591
Census CBP · 2023
Avg. wage
$66.9k
BLS QCEW · 2023
Population
302,883
Census PEP · 2025
Labor, income & education
Unemployment
3.5%
Median HH income
$122.0k±$2.5k
Bachelor's degree+
45.8%±1.2%
Poverty rate
6.0%±0.6%
Business applications
3,892 · 2025
Retail establishments
724
24.2/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Woodsboro BankFinancial Services$22.7M54D2TOMI Environmental Solutions, Inc.Industrials$5.6M35D3Bioelectronics CorporationHealthcare$496.0k——4Cartesian Therapeutics, Inc.Healthcare$400.0k40D5Community Heritage Financial, 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 care23%
Retail trade20%
Professional services17%
Food & accommodation15%
Construction13%
Manufacturing12%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
302,883
residents · 2025 · +11.0% since 2020
Income per capita $78.9k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+19,797
International migration+5,273
Natural change+5,154
GDP trend
2019–2024 · nominal
$14.7B2019
$14.4B2020
$15.9B2021
$17.4B2022
$19.1B2023
$20.4B2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$464.6k±$4.4k
Median gross rent
$1.8k/mo±$37/mo
Vacancy rate
3.9%±0.5%
Affordability
6.9× wages
Residential permits
$327.5M
1,168 units · 3.9/1k pop
FEMA risk score
74.2
HUD Fair Market Rent (2BR):$2.2k/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 91Heat wave 85Lightning 82
FHFA HOUSE PRICE INDEX · 2016–2025
5732016
5952017
6192018
6352019
6512020
7222021
8252022
8702023
9342024
9422025
RESIDENTIAL PERMITS · 2021–2025
↓ -58% since 20212,8032021
2,5662022
1,6462023
1,5622024
1,1682025
Transport access
BTS · FAA · USACE
Nearest interstate
7.6 km
I-70
Nearest freight rail
0.8 km
WS
Nearest port
68.6 km
Baltimore, MD
Nearest commercial airport
38.5 km
HAGERSTOWN RGNL/RICHARD A HENSON FLD
Filing activity
SEC EDGAR4 filings from 2 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$66.9k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Frederick?
Frederick's economy produced $20.4B in 2024, growing 6.3% 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.