Maryland
Wage: $69,750 ($33.53/hr)
Home Price: $400,570
Rent: $1,811/mo
Overview
Overview of Maryland
Homes in Maryland are priced above average at $400,570, but a dollar buys you less than the national average ($92.30 value). Property crime rates in Maryland are moderate at 16.35 incidents per 1,000 people.
Curious what your salary would look like after taxes in Maryland? Try our free tax calculators.
Compared to the national average, Maryland the difference in median home prices is 15.17% – positive being higher than the national average, negative being lower. The difference in the value of $100 is -10.65% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is 13.29% and property crime is -13.56%.
Counties
Montgomery, Prince George’s, Baltimore
Zip Codes
20850, 21201, 20745
Popular Metro Area
Baltimore-Columbia
Most Populated City
Baltimore
Median Home Price
$400,570
Value of $100
$92.3
Average Monthly Rent
$1,811
Property Crime Per 1000
16.35
Cost of Living
Cost of Living in Maryland
The average monthly cost of living expenses in Maryland including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$450
Energy Bill
$127.62
Monthly Water Bill
$46
Monthly Internet
$30
Natural Gas (Utilities)
$80
Monthly Phone Bill
$114
Streaming Services
$52.25
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Crime
Crime in Maryland
Typical crime rates in Maryland including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
6,177,224
Crime Rate Per 100k Residents
3619.49
Violent Crime Per 100k Residents
399.86
Non-Violent Crime Per 100k Residents
3219.623
Jobs
Jobs in Maryland
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
0.19
Unemployment Rate (%)
2.44
Job Openings Level
219,000
Annual Average Wage
$69,750
Hourly Average Wage
$33.53
Labor Force Participation (%)
64.7
Taxes
Taxes in Maryland
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
6%
Average Local Sales Tax
0%
Combined Sales Tax Rate
6%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.
