City of College Park, Maryland

Economic Development

FACTS & FIGURES

ABOUT COLLEGE PARK
In 2005 the City of College Park strategically implemented an economic development strategy that successfully transformed it from being an auto-dominated community, to one with thriving walkable retail nodes. Now ranked among the Top 50 Small College Towns in the United States, College Park has emerged as a hub for innovation and technology. Recent economic development projects are collectively forecasted to generate over 500 new hotel rooms, approximately 93,000 square feet of new retail space, and over 1,500 new multifamily housing units.

COMMUNITY PROFILE
Population: 32,303
Median Age: 22.6, compared to the State of Maryland median age of 39.0
Median Household Income: $61,051 (USA: $59,039)
Unemployment Rate: 7.8%
Median Home Value: $307,782 (USA: $215,600)
Total Number of Businesses in College Park: 977
Total Number of Employees: 31,829

DEMOGRAPHIC DATA
Demographic Summary (Data Source: ESRI)
Executive Summary (Data Source: ESRI)
Marketing Profile (Data Source: ESRI)
Transportation to Work (Data Source: ESRI)

WORKFORCE DATA
Largest Employers:

  1. University of Maryland
  2. University of Maryland University College
  3. National Oceanic & Atmospheric Administration (Center for Weather & Climate Prediction)
  4. Food & Drug Administration (Center for Food Safety & Applied Nutrition) 
  5. National Archives II
  6. American Center for Physics
  7. Ikea
  8. College Park Hyundai
  9. The Home Depot 
  10. Holiday Inn- College Park
Independent/ Small Businesses:
Labor Market Analysis:

LOCAL COMMERCIAL REAL ESTATE DATA
Local Real Estate Market Profiles: