The Old Line State sets a bar for technology and innovation. But business and living costs are high.
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Maryland Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 137 | 43 | 46 | D |
| Infrastructure | 227 | 8 | 41 | B+ |
| Life, Health & Inclusion | 207 | 20 | -- | C+ |
| Workforce | 215 | 10 | 6 | B |
| Economy | 146 | 20 | 35 | B |
| Business Friendliness | 104 | 26 | 31 | C+ |
| Access to Capital | 115 | 18 | 14 | B- |
| Technology & Innovation | 140 | 2 | 5 | A+ |
| Education | 89 | 18 | 23 | B- |
| Cost of Living | 11 | 44 | 46 | F |
| Overall | 1391 | 12 | 31 |
Economic Profile
Governor: Larry Hogan, Republican
Population: 6,055,802
GDP growth (Q1 2021): 6.1%
Unemployment rate (May 2021): 6.1%
Top corporate tax rate: 8.25%
Top individual income tax rate: 5.75%
Gasoline tax: 36.30 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Giant Food LLC., Lockheed Martin
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
