Average Salary in Maryland

State of United States · Data verified 2026-01-01

Minimum wage

$15 /hr

Average salary $5,400 /mo

+ 107% vs United States national rate #15 of 56 state Since 2024-01-01

With a population of 6.3 million, Maryland is a state of United States whose economy centers on federal government and cybersecurity. Its minimum wage of $15 per hour is 107% above the national rate. Workers earn an average gross salary of $5,400 per month. The cost of living is 5% above the national average. The median household income is $98,461 per year.

• AT A GLANCE

Rank: #15 of 56; state
vs National: +107%; United States floor
Annual (est.): $31,200; full-time, before tax
Change Since 2018: +49%; nominal wage

Wage Breakdown

Hourly: $15
Monthly: $2,599.95 Based on 173.33 hours/month (40 hrs/week)
Annual: $31,200 Based on 2,080 hours/year

Maryland reached the $15.00/hr minimum wage on January 1, 2024, completing its phase-in schedule under the RAISE Act (2022). Beginning in 2025, the rate is indexed to the Consumer Price Index. Montgomery County and other jurisdictions maintain higher local rates.

At this rate, a full-time worker earns approximately $31,200 /yr before tax. Whether that covers living costs depends on local prices. See United States purchasing power context.