Salary & Cost of Living in Frederick, MD
Frederick, MD: $78,000 median salary, cost of living index 115, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$78,000
$38/hr
Cost of Living
115
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
2.8%
rate
Frederick, MD Overview
Population
78,171
Median Salary
$78,000
Average Salary
$86,000
Avg Commute
35 min
Median Home Price
$380,000
Median Rent
$1,700/mo
Job Growth
+2.2%
Sales Tax
6%
Frederick is located in Maryland with a population of 78,171. The median household salary is $78,000 per year ($38/hour), which is $18,616 above the national median of $59,384. The average commute time is 35 minutes, and the city has a job growth rate of +2.2%.
Frederick Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Frederick, MD, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$57,214
$4,767.83/month · $2,200.54/biweekly · Effective Rate: 26.6%
Gross Pay
$78,000
Federal Tax
-$8,774
State Tax
-$3,705
Local Tax
-$2,340
FICA
-$5,967
Net Pay
$57,214
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,500.00 | $78,000.00 |
| Federal Income Tax | -$731.17 | -$8,774.00 |
| Maryland State Tax (4.75%) | -$308.75 | -$3,705.00 |
| Local Tax (3%) | -$195.00 | -$2,340.00 |
| Social Security (6.2%) | -$403.00 | -$4,836.00 |
| Medicare (1.45%) | -$94.25 | -$1,131.00 |
| Net Take-Home Pay | $4,767.83 | $57,214.00 |
Salary Comparison: Frederick vs Other Cities
See how Frederick's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Frederick, MD | $78,000 | 115 | $67,826 |
| National Average | $59,384 | 100 | $59,384 |
| Torrance, CA | $78,000 | 155 | $50,323 |
| Pasadena, CA | $78,000 | 160 | $48,750 |
| Schaumburg, IL | $78,000 | 108 | $72,222 |
| Nashua, NH | $78,000 | 115 | $67,826 |
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 Frederick
Frederick's cost of living index is 115 (national average = 100). Living in Frederick is 15% more expensive than the national average.
Median Home Price
$380,000
Median Monthly Rent
$1,700
Annual Rent Cost
$20,400
Your Salary's Purchasing Power
Your $57,214 annual take-home pay in Frederick has the purchasing power of approximately $49,751 in an average-cost US area. You would need to earn $89,700 in Frederick to match a $78,000 salary in an average-cost city.
Top Industries in Frederick
Frederick's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $78,000.
Salary Tips for Frederick Workers
- Research top industries. Frederick's top industries include Technology, Healthcare, Government. Targeting roles in these sectors can help you earn above the $78,000 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.
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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 Frederick, MD?
The median salary in Frederick, MD is $78,000 per year, or $38 per hour. The average salary is $86,000. This is $18,616 above the national median of $59,384.
What is the cost of living in Frederick, MD?
Frederick's cost of living index is 115 (national average = 100), meaning it is 15% more expensive compared to the national average. The median home price is $380,000 and the median monthly rent is $1,700.
What are the best industries in Frederick?
The top industries in Frederick, MD include Technology, Healthcare, Government. The city has a job growth rate of 2.2% and an unemployment rate of 2.8%. Workers in these industries often earn above the city's median salary of $78,000.
How does Frederick's salary compare to other cities?
Frederick's median salary of $78,000 is 31.3% above the national median of $59,384. However, when adjusted for cost of living (index: 115), the real purchasing power is approximately $67,826.
What is the minimum wage in Frederick, MD?
The minimum wage in Frederick, 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.