MARYLAND HOME
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| People QuickFacts | Maryland | USA |
Population, 2003 estimate |
5,508,909 | 290,809,777 |
| Population, percent change, April 1, 2000 to July 1, 2003 |
4.0% | 3.3% |
| Population, 2000 | 5,296,486 | 281,421,906 |
| Population, percent change, 1990 to 2000 | 10.8% | 13.1% |
| Persons under 5 years old, percent, 2000 | 6.7% | 6.8% |
| Persons under 18 years old, percent, 2000 | 25.6% | 25.7% |
| Persons 65 years old and over, percent, 2000 | 11.3% | 12.4% |
| Female persons, percent, 2000 | 51.7% | 50.9% |
| Mortgage, Real Estate Demographics | Maryland | USA |
Housing units, 2002 |
2,197,126 | 119,302,132 |
| Homeownership rate, 2000 |
67.7% | 66.2% |
| Housing units in multi-unit structures, percent, 2000 | 25.8% | 26.4% |
| Median value of owner-occupied housing units, 2000 | $146,000 | $119,600 |
| Households, 2000 | 1,980,859 | 105,480,101 |
| Persons per household, 2000 | 2.61 | 2.59 |
| Median household income, 1999 | $52,868 | $41,994 |
| Per capita money income, 1999 | $25,614 | $21,587 |
| Persons below poverty, percent, 1999 | 8.5% | 12.4% |
Economy
The Bureau of Economic Analysis (http://www.bea.gov/) estimates that Maryland's total state product in 2003 was $212 billion. Per capital personal income in 2003 was $37,446, 5th in the nation.
Maryland Loans - Refinance, Home Equity, Debt Consolidation And Purchase
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Loan refinancing replaces your existing loan with another lower interest rate loan for the same amount. If you have equity in your home, a refinance home mortgage loan comparison can have significant benefits. You can reduce your interest rate, change the terms of your loan, or consolidate your debt. Rather than use your home as collateral, a home loan refinance online allows you to incorporate your debt into the amount owed. One monthly payment, one low interest rate!
Maryland's economic activity is strongly concentrated in the tertiary service sector, and this sector, in turn, is strongly influenced by location. One major service activity is transportation, centered around the Port of Baltimore and its related rail and trucking access. The port ranked 10th in the USA by tonnage in 2002 (Source: US Corps of Engineers, "Waterborn Commerce Statistics"). Although the port handles a wide variety of products, the most typical imports are raw materials and bulk commodities, such as iron ore, petroleum, sugar, and fertilizers, often distributed to the relatively close manufacturing centers of the inland Midwest via good overland transportation.
A second service activity takes advantage of the close location of the center of government in Washington, D.C. and emphasizes technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area. In addition to these are many educational and medical research institutions. In fact, the various components of Johns Hopkins University and its medical research facilities are now the largest single employer in the Baltimore area. Altogether, white collar technical and administrative workers comprise 25% of Maryland's labor force, one of the highest state percentages in the country. A list of government agencies located in Maryland is summarized below:
Maryland has a large food producing sector. One component is commercial fishing, centered in Chesapeake Bay, but also including activity off the short Atlantic seacoast. The largest catches by species are the blue crab, oysters, striped bass, and menhaden. The Bay also has uncounted millions of overwintering waterfowl in its many wildlife refuges. While not, strictly speaking, a commercial food resource, the waterfowl support a tourism sector of sportsmen.
Maryland has a large amount of fertile agricultural land in its coastal and Piedmont zones, although this land use is being encroached upon by urbanization. Agriculture is oriented to dairying for nearby large city milksheads plus specialty perishable horticulture crops, such as cucumbers, watermelons, sweet corn, tomatoes, muskmelons, squash, and peas (Source:USDA Crop Profiles). In addition, the southern counties of the western shoreline of Chesapeake Bay support a tobacco cash crop zone, which has been in existence since early Colonial times. There is also a large chicken-farming sector in the state.
The third component of the food producing sector are food processing plants, which are the most significant type of manufacturing by value in the state.
Manufacturing, while large in dollar value, is highly diversified with no sub-sector contributing over 20% of the total. Typical forms of manufacturing include electronics, computer equipment, and chemicals. The once mighty primary metals sub-sector, which at one time included what was then the largest steel factory in the world at Sparrows Point, still exists, but is pressed with foreign competition, bankruptcies, and company mergers.
Mining other than construction materials is virtually limited to coal, located in the mountainous western part of the state. In construction mention should be made of the brownstone quarries in the east, which gave Baltimore and Washington much of their characteristic architecture in the mid-1800's. Historically, there used to be small gold mining operations in Maryland, some surprisingly near Washington, but these no longer exist.
State Capital: Annapolis
Regions: Western | Southern | Eastern Shore | Baltimore-Washington Metro Area | Chesapeake | Delaware Valley
Notable Cities: Baltimore | Bowie | College Park | Cumberland | Frederick | Gaithersburg | Greenbelt | Hagerstown | Laurel | Rockville | Salisbury | Takoma Park | Westminster
Counties: Allegany | Anne Arundel | Baltimore City | Baltimore County | Calvert | Caroline | Carroll | Cecil | Charles | Dorchester | Frederick | Garrett | Harford | Howard | Kent | Montgomery | Prince George's | Queen Anne's | St. Mary's | Somerset | Talbot | Washington | Wicomico | Worcester
Maryland Home Mortgage Lenders