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

What does a Financial Managers 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 2026-04-02

Nominal Salary
$146,860
Median annual (2024)
-4.8%
Real Purchasing Power
$139,866
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 Managers earning $146,860 in Maryland has the equivalent purchasing power of $139,866 in an average-cost US state.

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

While $146,860 sounds high, Maryland's elevated cost of living erases 5% of that salary's purchasing power. Your real buying power is $139,866. Consider whether the higher pay offsets the higher costs.

Best States for Financial Managers (After Cost of Living)

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

$200,213
RPP 107.6
$178,448
RPP 98.0
$173,511
RPP 88.0
$170,431
RPP 108.8
5. Georgia
$166,617
RPP 95.8
$164,623
RPP 102.3
$163,251
RPP 102.1
8. Texas
$159,364
RPP 97.5
$155,902
RPP 94.2
$155,274
RPP 109.4

Maryland ranks #31 out of 51 states for Financial Managers after cost-of-living adjustment.

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How much do you actually take home? See Financial Managers take-home pay in Maryland after taxes →

Frequently Asked Questions

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

A Financial Managers in Maryland earns a median salary of $146,860 per year. After adjusting for Maryland's cost of living (RPP=105.0), the real purchasing power is $139,866 — 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 Managers in Maryland: $146,860 x (100 / 105.0) = $139,866. 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 Managers's nominal salary of $146,860 in Maryland has 4.8% less purchasing power due to higher living costs. The real value is $139,866. However, Maryland may offer better career opportunities, networking, and industry access.

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