Salary & Cost of Living in Parkville, MD
Parkville, MD: $67,308 median salary, cost of living index 103.8, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$67,308
$32/hr
Cost of Living
103.8
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.8%
rate
Parkville, MD Overview
Population
30,734
Median Salary
$67,308
Average Salary
$75,385
Avg Commute
19 min
Median Home Price
$372,000
Median Rent
$1,503/mo
Job Growth
+0.7%
Sales Tax
6%
Parkville is located in Maryland with a population of 30,734. The median household salary is $67,308 per year ($32/hour), which is $7,924 above the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +0.7%.
Parkville Salary by Experience Level (2026)
Wage distribution in Parkville, MD based on BLS percentile breakdown of the $67,308 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 | $41,731 | $20.06/hr | 0–2 years |
| Mid-Level (Median) | $67,308 | $32.36/hr | 3–7 years |
| Senior-Level | $95,577 | $45.95/hr | 8–15 years |
| Top 10% (90th Percentile) | $119,808 | $57.60/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.
Parkville Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Parkville, MD, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$51,726
$4,310.47/month · $1,989.45/biweekly · Effective Rate: 23.2%
Gross Pay
$67,308
Federal Tax
-$6,422
State Tax
-$3,870
Local Tax
-$141
FICA
-$5,149
Net Pay
$51,726
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,609.00 | $67,308.00 |
| Federal Income Tax | -$535.15 | -$6,421.76 |
| Maryland State Tax (5.75%) | -$322.52 | -$3,870.21 |
| Local Tax (0.21%) | -$11.78 | -$141.35 |
| Social Security (6.2%) | -$347.76 | -$4,173.10 |
| Medicare (1.45%) | -$81.33 | -$975.97 |
| Net Take-Home Pay | $4,310.47 | $51,725.62 |
Salary Comparison: Parkville vs Other Cities
See how Parkville's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Parkville, MD | $67,308 | 103.8 | $64,844 |
| National Average | $59,384 | 100 | $59,384 |
| Highlands Ranch, CO | $67,314 | 107.1 | $62,852 |
| Plymouth, MA | $67,295 | 140.1 | $48,034 |
| West New York, NJ | $67,277 | 126.4 | $53,225 |
| Dale City, VA | $67,236 | 108.6 | $61,912 |
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 Parkville
Parkville's cost of living index is 103.8 (national average = 100). Living in Parkville is 3.799999999999997% more expensive than the national average.
Median Home Price
$372,000
Median Monthly Rent
$1,503
Annual Rent Cost
$18,036
Your Salary's Purchasing Power
Your $51,726 annual take-home pay in Parkville has the purchasing power of approximately $49,832 in an average-cost US area. You would need to earn $69,866 in Parkville to match a $67,308 salary in an average-cost city.
Top Industries in Parkville
Parkville's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $67,308.
Salary Tips for Parkville 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. Parkville's top industries include Cybersecurity, Biotech, Government. Targeting roles in these sectors can help you earn above the $67,308 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 Parkville salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Parkville-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 Parkville indexed at 103.8.
- Median salary calculation: weighted average of Parkville's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $67,308 annual median.
- Tax burden reflects Maryland state income tax (5.75%), plus Parkville local tax of 0.21%, sales tax (6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Parkville: 3.8%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Cybersecurity, Biotech, Government — based on QCEW employment concentration data.
- Job growth: 0.7% projected through 2034, derived from BLS Employment Projections program for Maryland.
- Housing context: median home price $372,000, median rent $1,503/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Parkville, MD:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Parkville unemployment rate
- U.S. Census Bureau — Parkville 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. Parkville'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 Parkville, MD?
The median salary in Parkville, MD is $67,308 per year, or $32 per hour. The average salary is $75,385. This is $7,924 above the national median of $59,384.
What is the cost of living in Parkville, MD?
Parkville's cost of living index is 103.8 (national average = 100), meaning it is 3.799999999999997% more expensive compared to the national average. The median home price is $372,000 and the median monthly rent is $1,503.
What are the best industries in Parkville?
The top industries in Parkville, MD include Cybersecurity, Biotech, Government. The city has a job growth rate of 0.7% and an unemployment rate of 3.8%. Workers in these industries often earn above the city's median salary of $67,308.
How does Parkville's salary compare to other cities?
Parkville's median salary of $67,308 is 13.3% above the national median of $59,384. However, when adjusted for cost of living (index: 103.8), the real purchasing power is approximately $64,844.
What is the minimum wage in Parkville, MD?
The minimum wage in Parkville, 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.