Hourly Salary in Maryland
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $62,006 | $30 |
| 75th Percentile | $43,652 | $21 |
| Average | $38,848 | $19 |
| 25th Percentile | $27,283 | $13 |
What is considered good pay in Maryland?
In 2021, Maryland workers averaged a per capita personal income of $69,266 a year, higher than the national average of $63,445 a year. Maryland workers were paid about $1,338 per week, while the national average salary was approximately $1,220 per week.
How much should I make to live comfortably in Maryland?
While you can get by as a single person on a $22,000 annual salary in Kentucky or Arkansas, you’ll need at least $30,000 in Hawaii or Maryland. That’s according to data from MIT’s living wage calculator, which determines the minimum amount necessary to meet basic needs without relying on outside help.
What is the best wage per hour?
As of Jul 30, 2022, the average hourly pay for a Highest in the United States is $53.04 an hour. While ZipRecruiter is seeing hourly wages as high as $120.67 and as low as $12.26, the majority of Highest wages currently range between $30.05 (25th percentile) to $72.12 (75th percentile) across the United States.
What is low income in Maryland?
13.3% of children in Maryland State live below the poverty line – $24,300 for a family of four – in 2016. 9.9% of people in Maryland State live below the poverty line – $24,300 for a family of four – in 2016.
What is middle class income in Maryland?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Maryland | $71,844 | $86,738 |
| Utah | $71,034 | $75,780 |
| Nevada | $70,752 | $63,276 |
| Virginia | $67,197 | $76,456 |
What is the cost of living in Maryland 2022?
Comparison Highlights
| Cost of Living Indexes | Baltimore, MD | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 91.3 | 52.9% more |
| Food & Groceries | 98.0 | 15.5% more |
| Housing (Homeowner) | 49.4 | 339.7% more |
| Median Home Cost | $175,500 | $418,000 (238.2% more) |
What is the average cost of living in MD?
An amount below 100 means Maryland is cheaper than the US average.
Maryland cost of living is 113.0.
| COST OF LIVING | Maryland | United States |
|---|---|---|
| Grocery | 105.2 | 100 |
| Health | 89.1 | 100 |
| Housing | 127.2 | 100 |
| Median Home Cost | $361,900 | $291,700 |
How much money do you need monthly to live in Maryland?
The typical renter in Maryland spends $1,357 a month on housing, $334 more than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $1,122, while the typical rent for a unit with five or more bedrooms is $2,060.
Is $22 an hour good?
Two people who each work full-time and earn $22 dollars an hour have a net take-home of $5716, which is a pretty solid amount for living well in most places!
Is $18 an hour good?
The $18 per hour wage falls within the second and most common hourly rate range in the US. As it’s far enough from the minimum wage, it can be considered good money.
Is $27 an hour good?
If you are working a full-time job, you will be working 40 hours per week on average. 40 hours multiplied by 52 weeks is 2,080 working hours in a year. $27 per hour multiplied by 2,080 working hours per year is an annual income of $56,160 per year.
What is the poorest City in Maryland?
Baltimore City has the highest poverty rate in Maryland, at 21.8% of its population, while Calvert County has the lowest, at 5.1%. The areas with the highest rates of poverty are Baltimore City and Somerset and Allegany counties.
What is considered poor for a single person?
The threshold in the United States is updated and used for statistical purposes. In 2020, in the United States, the poverty threshold for a single person under 65 was an annual income of US$12,760, or about $35 per day. The threshold for a family group of four, including two children, was US$26,200, about $72 per day.
How much do you need to make to afford rent in Maryland?
According to the data, 695,347 Maryland households rent, accounting for 32 percent of all households. Based on a fair market rent of $1,281 for a two-bedroom apartment in Maryland, a renter must earn $4,271 monthly, or $51,249 annually.
What is upper class in Maryland?
As of Jul 26, 2022, the average annual pay for the Upper Class jobs category in Maryland is $60,122 a year.
What is the wealthiest county in MD?
Howard County
Caitlyn Freeman, Howard County Times, Columbia, Md. Jul. 19—Howard County is the wealthiest locality in Maryland and the sixth wealthiest nationwide, according to the U.S. News & World Report. The report analyzed median household incomes and ranked the top 15 localities with the highest numbers.
Why is Maryland the richest state?
Its wealth is largely due to its proximity to Washington, D.C., where many of the state’s residents work. That said, Maryland is home to the National Security Agency and other government agencies, like the National Institutes of Health, as well as the world’s largest hotel company: Marriott International.
Is it cheaper to live in Texas or Maryland?
Go to any online cost-of-living calculator and you will find that the cost of living in Maryland is 4 percent to 4.5 percent less than living in Texas, even with the Maryland state income tax. If you earned $50,000 a year in Texas, you’d have an extra $20-$25 a week in your pocket simply by moving to Maryland.
Is it cheaper to live in Florida or Maryland?
Maryland is 13.1% more expensive than Florida.
What state has the lowest Cost of Living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.