Maryland still the highest-income state
Sumathi Reddy's story today notes that Howard, Calvert and Montgomery counties are among the 10 richest in the nation, with Howard at No. 3 with $101,672.
Income rising, even slightly, should mean more people can afford to buy homes, particularly as home prices drop. But, as the story explains, inflation has since been eating into Marylanders' buying power:
Demographers and economists warned that the state and national picture that emerged in two separate surveys belies the circumstances to come. The data from 2007 do not take into account the current realities of soaring food and gas costs and a slowdown in the job market.