Salary & Cost of Living in Olney, MD
Olney, MD: $72,000 median salary, cost of living index 116.6, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$72,000
$35/hr
Cost of Living
116.6
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.8%
rate
Olney, MD Overview
Population
35,350
Median Salary
$72,000
Average Salary
$80,640
Avg Commute
17 min
Median Home Price
$323,000
Median Rent
$1,310/mo
Job Growth
+2.9%
Sales Tax
6%
Olney is located in Maryland with a population of 35,350. The median household salary is $72,000 per year ($35/hour), which is $12,616 above the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.9%.
Olney Salary by Experience Level (2026)
Wage distribution in Olney, MD based on BLS percentile breakdown of the $72,000 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $44,640 | $21.46/hr | 0–2 years |
| Mid-Level (Median) | $72,000 | $34.62/hr | 3–7 years |
| Senior-Level | $102,240 | $49.16/hr | 8–15 years |
| Top 10% (90th Percentile) | $128,160 | $61.62/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Olney Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Olney, MD, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$54,070
$4,505.83/month · $2,079.62/biweekly · Effective Rate: 24.9%
Gross Pay
$72,000
Federal Tax
-$7,454
State Tax
-$4,140
Local Tax
-$828
FICA
-$5,508
Net Pay
$54,070
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,000.00 | $72,000.00 |
| Federal Income Tax | -$621.17 | -$7,454.00 |
| Maryland State Tax (5.75%) | -$345.00 | -$4,140.00 |
| Local Tax (1.15%) | -$69.00 | -$828.00 |
| Social Security (6.2%) | -$372.00 | -$4,464.00 |
| Medicare (1.45%) | -$87.00 | -$1,044.00 |
| Net Take-Home Pay | $4,505.83 | $54,070.00 |
Salary Comparison: Olney vs Other Cities
See how Olney's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Olney, MD | $72,000 | 116.6 | $61,750 |
| National Average | $59,384 | 100 | $59,384 |
| Chula Vista, CA | $72,000 | 140 | $51,429 |
| Elk Grove, CA | $72,000 | 115 | $62,609 |
| Roseville, CA | $72,000 | 115 | $62,609 |
| Arvada, CO | $72,000 | 110 | $65,455 |
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 Olney
Olney's cost of living index is 116.6 (national average = 100). Living in Olney is 16.599999999999994% more expensive than the national average.
Median Home Price
$323,000
Median Monthly Rent
$1,310
Annual Rent Cost
$15,720
Your Salary's Purchasing Power
Your $54,070 annual take-home pay in Olney has the purchasing power of approximately $46,372 in an average-cost US area. You would need to earn $83,952 in Olney to match a $72,000 salary in an average-cost city.
Top Industries in Olney
Olney's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $72,000.
Salary Tips for Olney Workers
- Maximize pre-tax deductions. With a 5.75% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Olney's top industries include Cybersecurity, Biotech, Government. Targeting roles in these sectors can help you earn above the $72,000 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.
Methodology & Local Economy Data Sources
How we calculate Olney salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Olney-MD metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Olney indexed at 116.6.
- Median salary calculation: weighted average of Olney's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $72,000 annual median.
- Tax burden reflects Maryland state income tax (5.75%), plus Olney local tax of 1.15%, sales tax (6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Olney: 3.8%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Cybersecurity, Biotech, Government — based on QCEW employment concentration data.
- Job growth: 2.9% projected through 2034, derived from BLS Employment Projections program for Maryland.
- Housing context: median home price $323,000, median rent $1,310/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Olney, MD:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Olney unemployment rate
- U.S. Census Bureau — Olney QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Maryland — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Olney's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Maryland labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Olney, MD?
The median salary in Olney, MD is $72,000 per year, or $35 per hour. The average salary is $80,640. This is $12,616 above the national median of $59,384.
What is the cost of living in Olney, MD?
Olney's cost of living index is 116.6 (national average = 100), meaning it is 16.599999999999994% more expensive compared to the national average. The median home price is $323,000 and the median monthly rent is $1,310.
What are the best industries in Olney?
The top industries in Olney, MD include Cybersecurity, Biotech, Government. The city has a job growth rate of 2.9% and an unemployment rate of 3.8%. Workers in these industries often earn above the city's median salary of $72,000.
How does Olney's salary compare to other cities?
Olney's median salary of $72,000 is 21.2% above the national median of $59,384. However, when adjusted for cost of living (index: 116.6), the real purchasing power is approximately $61,750.
What is the minimum wage in Olney, MD?
The minimum wage in Olney, 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.