Financial Manager Salary in Maryland: Cost of Living Adjusted (2024)

What does a Financial Manager 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

$157,350

Median annual (2024)

→ -4.8%

Real Purchasing Power

$149,857

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 Financial Manager earning $157,350 in Maryland has the equivalent purchasing power of $149,857 in an average-cost US state.

MD: 105.0

Cheapest (~85) US Avg (100) Priciest (~115)

Key Insight

While $157,350 sounds high, Maryland's elevated cost of living erases 5% of that salary's purchasing power. Your real buying power is $149,857. Consider whether the higher pay offsets the higher costs.

Best States for Financial Manager (After Cost of Living)

Where does Financial Manager salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. New York

$200,501

RPP 107.6

2. Delaware

$183,724

RPP 98.0

3. New Jersey

$173,483

RPP 108.8

4. South Dakota

$172,750

RPP 88.0

5. Colorado

$170,909

RPP 102.3

6. Georgia

$170,615

RPP 95.8

7. North Carolina

$170,212

RPP 94.2

8. Virginia

$166,787

RPP 102.1

9. Massachusetts

$165,603

RPP 109.4

10. Texas

$164,461

RPP 97.5

Maryland ranks #19 out of 50 states for Financial Manager after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Financial Manager in Maryland after cost of living?

A Financial Manager in Maryland earns a median salary of $157,350 per year. After adjusting for Maryland's cost of living (RPP=105.0), the real purchasing power is $149,857 — 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 Financial Manager in Maryland: $157,350 x (100 / 105.0) = $149,857. 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 Financial Manager's nominal salary of $157,350 in Maryland has 4.8% less purchasing power due to higher living costs. The real value is $149,857. However, Maryland may offer better career opportunities, networking, and industry access.