What does a Personal Financial Advisors salary really buy you in Maryland?
Maryland is 5.0% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02
Maryland's Regional Price Parity (RPP) is 105.0, meaning prices are 5.0% higher the national average. A Personal Financial Advisors earning $98,480 in Maryland has the equivalent purchasing power of $93,790 in an average-cost US state.
While $98,480 sounds high, Maryland's elevated cost of living erases 5% of that salary's purchasing power. Your real buying power is $93,790. Consider whether the higher pay offsets the higher costs.
Where does Personal Financial Advisors salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Maryland ranks #23 out of 46 states for Personal Financial Advisors after cost-of-living adjustment.
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How much do you actually take home? See Personal Financial Advisors take-home pay in Maryland after taxes →
A Personal Financial Advisors in Maryland earns a median salary of $98,480 per year. After adjusting for Maryland's cost of living (RPP=105.0), the real purchasing power is $93,790 — a -4.8% difference.
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).
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.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Personal Financial Advisors in Maryland: $98,480 x (100 / 105.0) = $93,790. This represents what the salary would be worth in a state with average living costs.
Partially — a Personal Financial Advisors's nominal salary of $98,480 in Maryland has 4.8% less purchasing power due to higher living costs. The real value is $93,790. However, Maryland may offer better career opportunities, networking, and industry access.