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Places/MD/Garrett
County profile

Garrett

United States · GDP 2024
#1369 of 3,127 US counties by GDP68th-percentile growthmore diversified than 92% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$1.8B
GDP growth
+6.0%
Jobs tracked
10,577
Employers
951
Avg. wage
$45.1k
Population
28,370
Labor & formation
Unemployment
3.6%
Median HH income
$67.7k±$3.7k
Business applications
2,501 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1First United CorporationFinancial Services$18.4M59C

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 care24%
Retail trade23%
Food & accommodation18%
Construction13%
Manufacturing12%
Arts & recreation10%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
28,370
residents · 2025 · -1.5% since 2020
Income per capita $62.7k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+259
International migration+29
Natural change−704

GDP trend

2019–2024 · nominal
$1.3B
2019
$1.4B
2020
$1.5B
2021
$1.6B
2022
$1.7B
2023
$1.8B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$235.3k±$10.6k
Median gross rent
$765/mo±$71/mo
Vacancy rate
32.5%±1.9%
Affordability
5.2× wages
Residential permits
148 (5.2/1k pop)
FEMA risk score
16.0
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Landslide 77Winter weather 64Hurricane 64
FHFA HOUSE PRICE INDEX · 2016–2025
177
2016
175
2017
186
2018
189
2019
195
2020
223
2021
262
2022
273
2023
305
2024
312
2025
Filing activity
SEC EDGAR

6 filings from 1 company here in the last 90 days.

8-KFirst United Corporation06-22
8-KFirst United Corporation05-28
8-KFirst United Corporation05-11
10-QFirst United Corporation05-08
8-KFirst United Corporation05-07
8-KFirst United Corporation04-21
DEF 14AFirst United Corporation03-25
8-KFirst United Corporation03-12
8-KFirst United Corporation03-11
10-KFirst United Corporation03-10
Wage trend
BLS QCEW · 2019–2023
$45.1k
avg. annual pay · +25% since 2019
Similar US counties
nearest by GDP
Otoe$1.8BHood River$1.8BLawrence$1.8BGillespie$1.8BSargent$1.8BWoodford$1.8B
The read

Garrett's economy produced $1.8B in 2024, growing 6.0% 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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