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Economic Atlas
Places/MD/Frederick
County profile

Frederick

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
GDP growth
+6.3%
Jobs tracked
95,077
Employers
6,591
Avg. wage
$66.9k
Population
302,883
Labor & formation
Unemployment
3.4%
Median HH income
$122.0k±$2.5k
Business applications
3,892 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Woodsboro BankFinancial Services$22.7M53D2TOMI 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
$14.7B
2019
$14.4B
2020
$15.9B
2021
$17.4B
2022
$19.1B
2023
$20.4B
2024

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
1,168 (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
573
2016
595
2017
619
2018
635
2019
651
2020
722
2021
825
2022
870
2023
934
2024
942
2025

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 EDGAR

14 filings from 2 companies here in the last 90 days.

8-KTOMI Environmental Solutions, Inc.06-29
8-KCartesian Therapeutics, Inc.06-17
8-KTOMI Environmental Solutions, Inc.06-10
8-KCartesian Therapeutics, Inc.06-09
8-KCartesian Therapeutics, Inc.05-26
8-KTOMI Environmental Solutions, Inc.05-20
8-KTOMI Environmental Solutions, Inc.05-19
10-QTOMI Environmental Solutions, Inc.05-08
8-KTOMI Environmental Solutions, Inc.05-08
8-KTOMI Environmental Solutions, Inc.05-07
Wage trend
BLS QCEW · 2019–2023
$66.9k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDP
Osceola$20.4BDutchess$20.3BYolo$20.5BGenesee$20.2BLuzerne$20.6BElkhart$20.6B
The read

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.
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