Dennis Macdonald | Photodisc | Getty Images
Maryland Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 188 | 37 | 15 | C- |
| WORKFORCE | 197 | 28 | 28 | D+ |
| ECONOMY | 173 | 30 | 31 | D+ |
| QUALITY OF LIFE | 198 | 16 | 11 | B- |
| COST OF DOING BUSINESS | 65 | 47 | 47 | F |
| TECHNOLOGY & INNOVATION | 182 | 8 | 7 | A- |
| BUSINESS FRIENDLINESS | 116 | 37 | 24 | C- |
| EDUCATION | 69 | 14 | 21 | B+ |
| ACCESS TO CAPITAL | 48 | 16 | 13 | B- |
| COST OF LIVING | 27 | 24 | 27 | C+ |
| OVERALL | 1263 | 31 | 22 |
Economic Profile
Governor: Wes Moore, Democrat
Population: 6,180,253
GDP growth (Q1 2024): 0.00%
Unemployment rate (May 2024): 2.7%
Top corporate tax rate: 8.25%
Top individual income tax rate: 5.75%
Gasoline tax: 54.50 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
