Skip to comments.Baltimore's economy: A snapshot of the money-side of the city
Posted on 07/29/2019 11:47:01 AM PDT by Hojczyk
Here are some economic stats and recent rankings for Charm City:Real estate: The median home value in Baltimore is $113,500, according to Zillow. Baltimore home values have declined 3.2 percent over the past year and Zillow predicts they will fall 4.2 percent within the next year. The median list price per square foot in Baltimore is $144, which is lower than the Baltimore-Columbia-Towson Metro average of $190. The median rent price in Baltimore is $1,400, which is lower than the Baltimore-Columbia-Towson Metro median of $1,650.
Jobs: The unemployment rate in Baltimore city was at 5.10 percent in May. Compare that to Maryland states 3.8 percent unemployment rate in June, while the national average sits at 3.7 percent.
Income: The typical household income in Baltimore was $46,641 in 2017, while the average family in the U.S. saw annual earnings of $57,652, according to the U.S. Census Bureau.
Poverty: According to Census Bureau data, the poverty rate in Charm City came in at 22.4 percent in 2017, compared to the national average of 12.3 percent.
City leadership ranking: Baltimore ranked as No. 129 out of 150 (or 21 spots from the bottom of the list) in WalletHubs list of 2019s best- and worst-run cities in America.
Crime: The city also took the No. 3 spot on 24/7 Wall Streets recent list of the most dangerous cities in America. The No. 1 spot went to St. Louis, Missouri, while Detroit, Michigan took the No. 2 spot.
Retail sales per capita: In 2012, Baltimore rang in $5,871 in retail sales per capita, compared to the national average of $13,443, according to the Census Bureau.
(Excerpt) Read more at foxbusiness.com ...
I'm guessing illegal drug purchases are not included in those totals.
Looks like a reformatory circa 1800 ...
Actually it is what’s left of a residential street.
But I know what you mean.
Like I said, Detroit with crabcakes.
Most American cities have gone to hell. Wasn’t always like that. In the 50’s, downtown was the place to be. No one worried about their safety. Nice stores. Decorated at Christmas.
Not now. Most American cities are hell holes. Producers are nowhere to be found. If one strays into the city for some unknown reason, he is on the front page of the news the next day. The cities survive only with money from the state, which takes it from the producers and gives it to the parasites, calling it “aid to cities.” Rents are subsidized or paid for through “Section 8,” a stupid name for “government-paid housing” compliments of the producers.
Wouldn’t be so bad if they didn’t hate us producers and blame us for all their problems!
First of all, I was born and raised in Baltimore....the “Monumental city”. Worked all over town. Lived there when Baltimore had stockyards.
That picture....this used to be a glorious block of row homes. Those front steps? The ones that used to be bright and white? Baltimore was famous for those front stoops when neighbors would sit out in hot evenings and talk.
Guess who was my childhood acquaintance in Baltimore?
Indeed my father was a shop steward for Baltimore’s carpenter local 101. My brother and I often went with Dad to help him fix up the D’Alesandro home located in Baltimore’s Little Italy.
Nancy never talked much to me but she was pretty, full in charge of her father, former Mayor of Baltimore by the way. Brother also a Baltimore Mayor.
All this stuff about Elijah Cummings...damn, Nancy Pelosi has more DNA in Baltimore than any politician living today.
How to know if you’re from Baltimore...
....must know all there is to know about the Chesapeake Bay
.....must call everyone “Hon”.
I live in Delaware now but my granddaughter lives in Baltimore and I worry all the time about her.
Lord how I loved Baltimore. Worked by Zoo, Union Memorial hospital near the stadium where the Orioles played, loved the Baltimore Colts until they took off mid of night to Indiana. Worked for a lawyer right below the Washington monument. Worked at 1 Charles center and walked down to the gorgeous Inner Harbor at lunch.
Still love it.
Tears make sign off now.
Baltimore once had a huge employment engine located at the industrial Sparrow Point region of Baltimore. Globalists never protected American heavy industry, selling it out to the third world and others, which destroyed Sparrow Point as an economic engine and caused great social/political upheaval. This was the turning point (in a bad way ) for Baltimore and many other cities. Read this: A Brief Economic History of Modern Baltimore
If the GOP and Libertarians like Rush want to play blame the victim don't count me in. There is a lot of blame to go around.
Baltimore is home to Johns Hopkins and other well renowned hospitals (remember Ben Carson?)
The ‘drug’ problem has traveled into other Maryland suburbs, by black and white addicts.
My worst experience was a home invasion and theft by a young white male. (Mixed blessings - I was out of town).
Life can be repaired, but it will take all citizens to pull together and make it happen.
Libertarians like Rush
They do have good crabcakes, but so does Pittsburgh and it ain’t such a $#*+hole. What surprised me is that there are 20 worse run cities in America. I’d be hard pressed to name more than one or two.
Squalid economically blighted eastern cities were caused by the systematic off shoring of heavy industry. This is the root cause of the problem and it was the globalist right wing Establishment, not the Democrats, that caused the original social problem with these once very economically viable cities. The Democrats were just the secondary infection.
Definitely some truth to this. Idle hands really are the Devils workshop.
I had a similar experience growing up in Mattapan (a section of Dorchester, MA)
People still wax rhapsodic about Mattapan, and I even named my first CD after the main street, Blue Hill Avenue.
Now I’m getting misty too!
He’s a Liberation that calls himself a Conservative.
I visited Pittsburgh a few years ago and thought a lot of it.
Pittsburgh has it $#*+hole areas, but we are generally talking blocks rather than entire swaths of the city. Wilkinsburg area is particularly notorious, nickname is We’llkillyinzburg.
I remember it all too well. The bright idea was to off shore all the heavy industry located at Sparrow Point Baltimore and replace it with restaurants, trendy retail and “revitalized” inner harbor. They even got the National Aquarium moved there from DC. I was a kid at the time and knew instinctively you can’t replace heavy industry with a tourist trap and some pretty shops smelling like potpourri.
I felt a bit silly with tears but indeed I really adore the city of my birth.
My husband was from Massachusetts.
Originally he was from Indiana.
But Baltimore, gorgeous inner harbor. At times I felt like Mary Tyler Moore and wanted to throw my beret joyfully into the air.
Baltimore was built for people like me and my family. Never forget the stock yards, bulls would get loose and run the streets.
Never forget the Lexington Market and Broadway Market on Broadway and Bank streets.
Man I got to stop.
But it’s my town. I am a Baltimoron.
Baltimore was never a beautiful place, rich or exceptional. But it had everything a city of average folks like family needed.
They ruined it.
But Nancy D’Alesandro.....she should be tearing up too.
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