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Bookkeeping, Accounting, and Auditing Clerks Salary in Maryland: Cost of Living Adjusted (2024)

What does a Bookkeeping, Accounting, and Auditing Clerks salary really buy you in Maryland?

Maryland is 5.0% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$54,080
Median annual (2024)
-4.8%
Real Purchasing Power
$51,504
COL-adjusted (RPP=105.0)

Maryland Cost of Living Index

Maryland's Regional Price Parity (RPP) is 105.0, meaning prices are 5.0% higher the national average. A Bookkeeping, Accounting, and Auditing Clerks earning $54,080 in Maryland has the equivalent purchasing power of $51,504 in an average-cost US state.

MD: 105.0
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Maryland's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $38,420 $36,590 $-1,829
25th Percentile (P25) $45,440 $43,276 $-2,163
Median (P50) $54,080 $51,504 $-2,575
75th Percentile (P75) $62,800 $59,809 $-2,990
90th Percentile (P90) $76,490 $72,847 $-3,642
Key Insight

While $54,080 sounds high, Maryland's elevated cost of living erases 5% of that salary's purchasing power. Your real buying power is $51,504. Consider whether the higher pay offsets the higher costs.

Best States for Bookkeeping, Accounting, and Auditing Clerks (After Cost of Living)

Where does Bookkeeping, Accounting, and Auditing Clerks salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$54,408
RPP 88.7
$53,843
RPP 106.4
$53,582
RPP 97.7
4. Alaska
$53,441
RPP 102.0
5. Iowa
$53,337
RPP 88.4
$52,936
RPP 92.3
$52,864
RPP 102.3
$52,642
RPP 98.0
$52,212
RPP 109.4
$52,141
RPP 108.8

Maryland ranks #15 out of 50 states for Bookkeeping, Accounting, and Auditing Clerks after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Bookkeeping, Accounting, and Auditing Clerks in Maryland after cost of living?

A Bookkeeping, Accounting, and Auditing Clerks in Maryland earns a median salary of $54,080 per year. After adjusting for Maryland's cost of living (RPP=105.0), the real purchasing power is $51,504 — a -4.8% difference.

Is Maryland expensive to live in?

Maryland's cost of living is 5.0% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Maryland is 105.0 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Bookkeeping, Accounting, and Auditing Clerks in Maryland: $54,080 x (100 / 105.0) = $51,504. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Maryland offset the salary?

Partially — a Bookkeeping, Accounting, and Auditing Clerks's nominal salary of $54,080 in Maryland has 4.8% less purchasing power due to higher living costs. The real value is $51,504. However, Maryland may offer better career opportunities, networking, and industry access.

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