Salary & Cost of Living in Baltimore, MD
Baltimore, MD: $58,000 median salary, cost of living index 108, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$58,000
$28/hr
Cost of Living
108
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.5%
rate
Baltimore, MD Overview
Population
585,708
Median Salary
$58,000
Average Salary
$65,000
Avg Commute
30 min
Median Home Price
$210,000
Median Rent
$1,300/mo
Job Growth
+1%
Sales Tax
6%
Baltimore is located in Maryland with a population of 585,708. The median household salary is $58,000 per year ($28/hour), which is $1,384 below the national median of $59,384. The average commute time is 30 minutes, and the city has a job growth rate of +1%.
Baltimore Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Baltimore, MD, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$44,031
$3,669.21/month · $1,693.48/biweekly · Effective Rate: 24.1%
Gross Pay
$58,000
Federal Tax
-$4,922
State Tax
-$2,755
Local Tax
-$1,856
FICA
-$4,437
Net Pay
$44,031
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,833.33 | $58,000.00 |
| Federal Income Tax | -$410.13 | -$4,921.50 |
| Maryland State Tax (4.75%) | -$229.58 | -$2,755.00 |
| Local Tax (3.2%) | -$154.67 | -$1,856.00 |
| Social Security (6.2%) | -$299.67 | -$3,596.00 |
| Medicare (1.45%) | -$70.08 | -$841.00 |
| Net Take-Home Pay | $3,669.21 | $44,030.50 |
Salary Comparison: Baltimore vs Other Cities
See how Baltimore's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Baltimore, MD | $58,000 | 108 | $53,704 |
| National Average | $59,384 | 100 | $59,384 |
| Escondido, CA | $58,000 | 135 | $42,963 |
| Newark, DE | $58,000 | 102 | $56,863 |
| Jacksonville, FL | $58,000 | 96 | $60,417 |
| Palm Bay, FL | $58,000 | 95 | $61,053 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Baltimore
Baltimore's cost of living index is 108 (national average = 100). Living in Baltimore is 8% more expensive than the national average.
Median Home Price
$210,000
Median Monthly Rent
$1,300
Annual Rent Cost
$15,600
Your Salary's Purchasing Power
Your $44,031 annual take-home pay in Baltimore has the purchasing power of approximately $40,769 in an average-cost US area. You would need to earn $62,640 in Baltimore to match a $58,000 salary in an average-cost city.
Top Industries in Baltimore
Baltimore's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $58,000.
Salary Tips for Baltimore Workers
- Research top industries. Baltimore's top industries include Healthcare, Education, Technology. Targeting roles in these sectors can help you earn above the $58,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Baltimore, MD?
The median salary in Baltimore, MD is $58,000 per year, or $28 per hour. The average salary is $65,000. This is $1,384 below the national median of $59,384.
What is the cost of living in Baltimore, MD?
Baltimore's cost of living index is 108 (national average = 100), meaning it is 8% more expensive compared to the national average. The median home price is $210,000 and the median monthly rent is $1,300.
What are the best industries in Baltimore?
The top industries in Baltimore, MD include Healthcare, Education, Technology. The city has a job growth rate of 1% and an unemployment rate of 4.5%. Workers in these industries often earn above the city's median salary of $58,000.
How does Baltimore's salary compare to other cities?
Baltimore's median salary of $58,000 is 2.3% below the national median of $59,384. However, when adjusted for cost of living (index: 108), the real purchasing power is approximately $53,704.
What is the minimum wage in Baltimore, MD?
The minimum wage in Baltimore, MD is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.