Listen "Baltimore's Tech Boom: Thriving Job Market and Lucrative Salaries"
Episode Synopsis
The job market in Baltimore is experiencing significant growth, particularly in the tech sector. The city's tech scene is expanding at a rate 6.8% faster than the national average, with strong focus areas in cybersecurity, healthcare IT, and software development. Tech workers in Baltimore are earning substantial salaries, with women in tech making 81% more than their non-tech counterparts and men earning 64% more.The employment landscape in Baltimore is diverse, with professional and business services adding 4,300 new jobs, and education and health services expanding by 8,100 positions. The city is home to 496 startups, including 312 within the city itself, contributing to the vibrant job market. The average tech salary ranges from around $91,000 for entry-level positions to over $110,000 for experienced roles.As of April 2025, Maryland, which includes Baltimore, added 2,300 total jobs despite a loss of 2,600 jobs in certain sectors. The unemployment rate in Maryland increased to 3.1%, while in Baltimore City, the unemployment rate stands at 3.9% with a total labor force of 280,230.Major industries in Baltimore include healthcare, education, and technology. Growing sectors such as cybersecurity, SaaS development, and healthcare technology have received significant venture capital funding. Recent developments include the expansion of employment in information security, computer occupations, and aerospace engineering roles.There are no clear seasonal patterns noted in the job market, but the overall trend indicates continuous growth. Commuting trends are not specifically highlighted in recent data, but the presence of a strong local workforce suggests a stable commuting environment.Government initiatives are likely supporting this growth, though specific details are not provided in the recent data. The market evolution in Baltimore is marked by a shift towards a more tech-driven economy, with established companies and startups contributing to job creation.Key findings include the robust growth in tech jobs, competitive salaries, and a diverse employment landscape. Current job openings include positions in cybersecurity, software development, and healthcare IT, reflecting the city's strong tech sector.Current job openings in Baltimore include a Cybersecurity Engineer role with a salary range of $110,000 to $140,000, a Software Developer position with a salary of around $90,000 to $120,000, and a Healthcare IT Specialist role offering salaries between $80,000 to $110,000.This content was created in partnership and with the help of Artificial Intelligence AI