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Moving to Maryland

Are You Moving From or To Maryland?

Maryland is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and Washington, D.C. to its south and west; Pennsylvania to its north; and Delaware to its east. The state’s largest city is Baltimore, and its capital is Annapolis.

Maryland, also known as “Old Line State”, “Free State”, “Little America” and “America in Miniature” has some really awesome places to visit. This is an apt presentation of the Mid-Atlantic state that offers a little bit of everything. Within its borders, from the seashore (the Chesapeake Bay and the Atlantic Ocean) to the mountains (the Appalachians) to urban areas (Baltimore and the Washington DC suburbs), you will find coastal destinations, waterfront cities, stunning mountains, historic national parks, and maritime villages. It’s proximity to Washington, D.C. keeps it modern, but the incredible history of the region means that the state is rooted firmly in the past.

While you probably don’t need any more reasons to move to Maryland, you might also want to consider the food. You’ll find some of the best food around in our beautiful state. Life in Maryland just doesn’t get any better. After all, we have an abundance of beautiful places to visit, including Jug Bay Natural Area in Lothian

Maryland is a LOT more than just Baltimore, everyone. It’s actually a state with a lot of different various regions and cultures. Politically, socially and economically, this state is actually pretty diverse for such a small place.

If you’re moving to Maryland, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.

Moving to Maryland

Pros and Cons of Living in Maryland

Here are a few pros and cons to consider as you make your move to the Old Line State:

Pros.

The state is filled with numerous outdoor activities to enjoy.
Over 40% of the state is covered in trees, making Maryland an oasis in the Mid-Atlantic region.

You are in proximity to several large, significant U.S. cities.
When you live in Maryland, then you’re going to be close to the city of Baltimore no matter where you choose to be.

The culture of Maryland is unique for the Mid-Atlantic region.
You’ll find a fascinating and diverse culture waiting for you if you decide to start calling Maryland home.

Cons.

Living in Maryland can be a costly experience.
Maryland might be one of the wealthiest states in the entire country despite what critics of Baltimore’s city management might try to claim.

You will need to get used to a high volume of traffic.
Because there are so many employment opportunities within the region, the amount of traffic that you’ll need to manage is extensive.

You’re stuck with the combination of high property taxes and home values.
The properties that you’ll find available for sale are priced significantly higher in Maryland than in other parts of the country.

Tax Rates

Maryland’s personal tax rates begin at 2% on the first $1000 of taxable income and increase up to a maximum of 5.75% on incomes exceeding $250,000 (or $300,000 for taxpayers filing jointly, heads of household, or qualifying widow(ers).

Housing Market

The typical home value of homes in Maryland is $335,260. This value is seasonally adjusted and only includes the middle price tier of homes. Maryland home values have gone up 6.6% over the past year and Zillow predicts they will rise 10.2% in the next year.

What Should I Know In 2020?

Economy Outlook

Among the 50 states, Maryland ranks 42nd in size and 19th in population, with a diversified economy rooted in high technology, biosciences, and services, as well as revitalized manufacturing and international trade. The state’s private sector industries generate $331.1 billion in economic output.

Maryland is home to four Foreign-Trade Zones and 38 State Enterprise Zones, and transportation resources including the Port of Baltimore and the Baltimore/Washington International Thurgood Marshall Airport. Major federal facilities based in Maryland are the National Institutes of Health, National Institute of Standards and Technology, National Security Agency, Social Security Administration, Food and Drug Administration, Department of Homeland Security, and Census Bureau. Professional and technical workers constitute 27.8 percent of the state’s workforce – the second-highest concentration among states. Further, Maryland ranks third among the states in educational attainment, with 39.7 percent holding a bachelor’s degree or higher. Fifty-six accredited colleges and universities include 12 institutions in the University System of Maryland as well as the Johns Hopkins University.

Maryland’s 169,000 businesses employ nearly 2.2 million workers with an annual payroll of $129 billion; 3,450 businesses have 100 or more workers. Significant companies headquartered in Maryland include Lockheed Martin, Marriott International, Host Hotels & Resorts, McCormick & Company, T. Rowe Price, Under Armour, W. R. Grace, Legg Mason, GEICO, Emergent Biosolutions, United Therapeutics, Colfax, Tessco Technologies, BroadSoft, Coastal Sunbelt, and Phillips Seafood.

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Traffic & Transportation

The MDOT Maryland Transit Administration (MTA) operates Local Buses (CityLink and LocalLink), Commuter Buses, Light RailLink, Metro SubwayLink, Maryland Area Regional Commuter (MARC) Train Service, and a comprehensive Paratransit (MobilityLink) system.

Single-trip fares will increase from $1.80 to $1.90 for Local Bus, Light RailLink, and Metro SubwayLink. MobilityLink single-trip fares will increase from $2.00 to $2.10. MDOT MTA encourages riders to purchase monthly fare passes which will increase from $72 to $74.

Cost of living

Home to The Johns Hopkins University, Port of Baltimore, and one of the lowest poverty rates in the country, Maryland is among the most densely populated states in the nation. Frederick, Easton, Rockville, and Baltimore are among the best places to live in Maryland.

Maryland is an expensive state to live in. The Old Line State has a pricey home market, as well as above-average rent prices. The statewide cost of utilities and groceries aren’t any better either.

  • Family of four estimated monthly costs is 3,442.07$ without rent
  • A single person estimated monthly costs are 962.90$ without rent.
  • The cost of living index in Baltimore is 26.46% lower than in New York.
  • Rent in Baltimore is, on average, 55.50% lower than in New York.

A family of two adults and two children in Anne Arundel County would need to earn a combined $99,570 per year — or $8,297 a month — to live comfortably.

Moving to Maryland

Things to Know When Moving to Maryland

Maryland Climate

Maryland has two climates. It is continental in the highland west, with temperature records from −40 °F (−40 °C) to more than 100 °F (38 °C). Average temperatures in western Maryland are 65 °F (18 °C) in July and 28 °F (−2 °C) in January.

Employment

As of January 1, 2020, the current State minimum wage of $10.10 will be increased to $11.00 an hour for both large and small employers.

Real Estate

the median rent for a studio in Maryland is $1,119, or $288 above average. One-bedroom apartments in Maryland are $305 above the national median at $1,256. If you need two bedrooms, you can expect to pay around $1,513 in Maryland. That's $333 higher than the U.S. median

Average Income

As of Dec 29, 2020, the average annual pay for an Average in Maryland is $66,701 a year. that works out to be approximately $32.07 an hour.

Industries

Maryland's leading industries by employment are health care and social assistance, state and local government, retail trade, and professional and technical services.

Crime Rankings

Maryland has a higher violent crime rate (4.7) than the national average (3.7), but the safest cities are well below—90% kept violent crime down to fewer than 2.0 incidents per 1,000. Two new cities joined the rankings this year—Hampstead and Mount Airy.

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