Salary & Cost of Living in Severna Park, MD
Severna Park, MD: $72,689 median salary, cost of living index 104.2, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$72,689
$35/hr
Cost of Living
104.2
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.1%
rate
Severna Park, MD Overview
Population
38,748
Median Salary
$72,689
Average Salary
$81,412
Avg Commute
19 min
Median Home Price
$378,000
Median Rent
$1,531/mo
Job Growth
+0.9%
Sales Tax
6%
Severna Park is located in Maryland with a population of 38,748. The median household salary is $72,689 per year ($35/hour), which is $13,305 above the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +0.9%.
Severna Park Salary by Experience Level (2026)
Wage distribution in Severna Park, MD based on BLS percentile breakdown of the $72,689 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 | $45,067 | $21.67/hr | 0–2 years |
| Mid-Level (Median) | $72,689 | $34.95/hr | 3–7 years |
| Senior-Level | $103,218 | $49.63/hr | 8–15 years |
| Top 10% (90th Percentile) | $129,386 | $62.21/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.
Severna Park Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Severna Park, MD, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$53,962
$4,496.83/month · $2,075.46/biweekly · Effective Rate: 25.8%
Gross Pay
$72,689
Federal Tax
-$7,606
State Tax
-$4,180
Local Tax
-$1,381
FICA
-$5,561
Net Pay
$53,962
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $6,057.42 | $72,689.00 |
| Federal Income Tax | -$633.80 | -$7,605.58 |
| Maryland State Tax (5.75%) | -$348.30 | -$4,179.62 |
| Local Tax (1.9%) | -$115.09 | -$1,381.09 |
| Social Security (6.2%) | -$375.56 | -$4,506.72 |
| Medicare (1.45%) | -$87.83 | -$1,053.99 |
| Net Take-Home Pay | $4,496.83 | $53,962.00 |
Salary Comparison: Severna Park vs Other Cities
See how Severna Park's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Severna Park, MD | $72,689 | 104.2 | $69,759 |
| National Average | $59,384 | 100 | $59,384 |
| Vacaville, CA | $72,689 | 149.5 | $48,621 |
| Dracut, MA | $72,672 | 126.4 | $57,494 |
| Norwood, MA | $72,668 | 126.3 | $57,536 |
| La Habra, CA | $72,666 | 154.8 | $46,942 |
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 Severna Park
Severna Park's cost of living index is 104.2 (national average = 100). Living in Severna Park is 4.200000000000003% more expensive than the national average.
Median Home Price
$378,000
Median Monthly Rent
$1,531
Annual Rent Cost
$18,372
Your Salary's Purchasing Power
Your $53,962 annual take-home pay in Severna Park has the purchasing power of approximately $51,787 in an average-cost US area. You would need to earn $75,742 in Severna Park to match a $72,689 salary in an average-cost city.
Top Industries in Severna Park
Severna Park's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $72,689.
Salary Tips for Severna Park 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. Severna Park's top industries include Cybersecurity, Biotech, Government. Targeting roles in these sectors can help you earn above the $72,689 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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Frequently Asked Questions
What is the median salary in Severna Park, MD?
The median salary in Severna Park, MD is $72,689 per year, or $35 per hour. The average salary is $81,412. This is $13,305 above the national median of $59,384.
What is the cost of living in Severna Park, MD?
Severna Park's cost of living index is 104.2 (national average = 100), meaning it is 4.200000000000003% more expensive compared to the national average. The median home price is $378,000 and the median monthly rent is $1,531.
What are the best industries in Severna Park?
The top industries in Severna Park, MD include Cybersecurity, Biotech, Government. The city has a job growth rate of 0.9% and an unemployment rate of 3.1%. Workers in these industries often earn above the city's median salary of $72,689.
How does Severna Park's salary compare to other cities?
Severna Park's median salary of $72,689 is 22.4% above the national median of $59,384. However, when adjusted for cost of living (index: 104.2), the real purchasing power is approximately $69,759.
What is the minimum wage in Severna Park, MD?
The minimum wage in Severna Park, 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.