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Home » United States » What’s considered a good salary in Maryland?

What’s considered a good salary in Maryland?

December 14, 2021 by Shelia Campbell

$4,153 is the 25th percentile. Salaries below this are outliers. $6,209 is the 75th percentile.
What are Top 10 Highest Paying Cities for Average Jobs in Maryland.

City Silver Spring
Annual Salary $64,214
Monthly Pay $5,351
Weekly Pay $1,235
Hourly Wage $30.87

Contents

What is a decent salary in Maryland?

In 2020, Maryland workers averaged a per capita income of $68,258 a year, higher than the national average of $59,540 a year. Maryland workers in 2020 were paid about $1,322 per week, while the national average salary was approximately $1,145 per week.

What is a good salary to live comfortably in Maryland?

We have rankings of Maryland places, county-by-county, based on affordability (see below). The group, for instance, estimates a family of two adults and two children in Anne Arundel County would need to earn a combined $99,570 per year — or $8,297 a month — to live comfortably.

What is a good salary for a single person 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 upper class income in Maryland?

While ZipRecruiter is seeing salaries as high as $97,167 and as low as $19,635, the majority of salaries within the Upper Class jobs category currently range between $38,262 (25th percentile) to $65,953 (75th percentile) with top earners (90th percentile) making $80,553 annually in Maryland.

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Is 45k a livable wage?

A livable wage in the least expensive city in the United States, Harlington, Texas, is $10.47 an hour. In Manhattan, the most expensive city, the livable wage is $17.46 an hour, and one would still need roommates.
Livable Wage by State 2021.

State Livable Wage
Ohio $46,000
Arkansas $45,000
South Dakota $45,000
West Virginia $45,000

What is the median salary in MD?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 33.2
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $84,805
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $42,122

Is 100k a good salary?

An annual income of £100,000 is enough to put a recipient comfortably within the top 2% of all earners, and the figure has become a key indicator that the recipient is a high-flier.

Is 50k a good salary?

As we stated earlier if you are able to make $50,000 a year, that is a decent salary. You are making more money than the minimum wage and almost double in many cities. While 50000 is a good salary starting out in your working years.

Is 70000 a good salary?

According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018.An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.

What is a comfortable salary?

The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.

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Is 45k a good salary for a single person?

Yes, absolutely. If you don’t have children or a spouse to support, then your salary is likely to provide you with a comfortable lifestyle. However, single people may also be committed to higher rent or mortgage payments if there’s no one to split the bills with, so that’s worth considering too.

Is 30k a good salary?

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget.If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

Is $40 000 a year middle class?

Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.

Is 150k a good salary?

The answer, at least according to a new survey of Americans by WSL/Strategic Retail, is $150,000.That level of income is more than three times the national median of $49,445 for 2010, and it’s enough to put a household into the top 10 percent nationally.

What salary is considered high class?

What Is a Middle-Class Income?

Income group Income
Lower-middle class $32,048 – $53,413
Middle class $53,413 – $106,827
Upper-middle class $106,827 – $373,894
Rich $373,894 and up

Is 60000 a good salary?

Is $60,000 a Year a Good Salary? If you have a salary or income of $60,000, it means you’re making 5 figures a year. While you may be an average earner with such an annual income, it’s possible to live on it comfortably. In fact, many lower earners dream to make such an amount.

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Is $27 an hour good pay?

Comparison Table Of $27 An Hour

$27 An Hour Total Income
Yearly (262 Work Days) $56,592
Monthly (175 Hours) $4,725
Weekly (40 Hours) $1,080
Daily (8 Hours) $216

Is 40K a year a good salary for a single person?

While a $40,000 a year salary might categorize you in the lower-middle class and below the median individual income in America, it’s still plenty of money for you to survive on.Even if you have superb money management and are living frugal, it still doesn’t mean this salary will be good.

What is middle class income in Maryland?

HOUSEHOLD MEDIAN INCOME*
2020 (est.)
Maryland $94,384
U.S. $67,521

What is a good salary in Baltimore MD?

Recommended Salary in Baltimore
The median income in Baltimore is $50,379, as reported by the Census Bureau in 2019. By comparison, the median income is $84,805 in the rest of Maryland. There are still affordable Baltimore neighborhoods to fit your paycheck.

Filed Under: United States

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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