Salary Overview for Maryland
The median individual income in Maryland is $44,880 per year, while the mean (average) individual income is $58,330. The median household income is $98,461.
Cost of Living Adjusted Salary
Maryland's cost of living index is 120 (national average = 100). This means the median salary of $44,880 in Maryland has the purchasing power of approximately $37,400 at the national average cost of living. The higher cost of living in Maryland means you need to earn more to maintain the same standard of living.
Minimum Wage in Maryland
The current minimum wage in Maryland is $15.00/hour, which equals approximately $31,200 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Maryland minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Maryland
- Johns Hopkins
- NIH
- Fort Meade/NSA
Major Industries in Maryland
- Federal Government
- Healthcare
- Cybersecurity
Tax Rates in Maryland
See the full tax breakdown including income tax, sales tax, property tax, and more on our Maryland tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Maryland after federal and state taxes.