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 |
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 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 the average individual income in Maryland?
PERSONAL INCOME (per capita) – MARYLAND & U.S.
| 2015 (est.) | 2019 (est.) | |
|---|---|---|
| Maryland | $56,392 | $62,989 |
| U.S. | $48,876 | $56,082 |
What is a good median 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.
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 considered rich in Maryland?
18. Maryland
- Average adjusted gross income of the top 5%: $535,350.
- The minimum you need to make to be in the top 5%: $242,113.
- Average adjusted gross income of the top 1%: $1,368,091.
- The minimum you need to make to be in the top 1%: $2,095,881.
What is middle class in Maryland?
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| 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 |
Is Maryland an expensive place to live?
Maryland is one of the most expensive states to live in the United States of America. Also known as America in Miniature or Little America, this beautiful US state has a pricy home market. Rent prices in this state are above the US average.Goods and services in the state will cost more than the national average.
Is it cheaper to live in Delaware or Maryland?
The cost of living in Delaware City, DE is 1.3% higher than in Baltimore, MD. You would have to earn a salary of $60,776 to maintain your current standard of living. Employers in Delaware City, DE typically pay 3.6% more than employeers in Baltimore, MD.
What is the median income in Maryland in 2020?
94,384 U.S. dollars
In 2020, the median household income in Maryland amounted to 94,384 U.S. dollars. This is a slight decrease from the previous year, when the median household income in the state was 95,572 U.S. dollars.
What is low income in Maryland?
Low-income families are those that make less than 200 percent of the federal poverty guideline, $21,780 for a single person or $44,700 for a four-person household.
What is the richest zip code in MD?
20816
10 Richest Maryland Zip Codes
| Rank | Zip Code | Mean Income |
|---|---|---|
| 1 | 20816 | $292,656 |
| 2 | 20817 | $276,505 |
| 3 | 20854 | $273,648 |
| 4 | 20818 | $270,211 |
What is upper class salary?
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 75k a good salary 2020?
Given this, a good salary would be $75,000. It is higher than the national average and hovers around the average salary for the four most expensive states in the nation. In other words, a $75,000 salary would cover the basic necessities in even the priciest of areas.
What is a good salary in 2020?
According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved.
What is the most expensive state to live in?
Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
What is high class 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.
What is a middle class income for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Arkansas | $22,675 – $68,025 | $32,067 – $96,202 |
| California | $29,851 – $89,552 | $42,215 – $126,646 |
| Colorado | $26,876 – $80,629 | $38,009 – $114,026 |
| Connecticut | $28,364 – $85,091 | $40,112 – $120,336 |
Is Maryland a rich or poor state?
Maryland is the richest state in the United States of America, with a median household income of $69,272 according to the 2010 census. Per capita income was $25,615 in 2000 and personal per capita income was $37,331 in 2003.
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.
