Financial Managers in Maryland
May 2025 wages · tax year 2026
You keep
$112,215
after federal, FICA and Maryland tax
Tax takes
$46,535
29.3% of the whole
Worth, in national money
$107,935
Maryland costs more than average
On that salary you would be around the 25th percentile for this work in Maryland — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$158,750
Kept after tax
$112,215
Worth in national money
$107,935
State rank
19
of 51 states
What this pays, and what it is worth
- Neither high nor low. Maryland is 19 of 51 states for financial managers, with a middle wage of $158,750. What that is worth is the question the rest of this page answers.
- Within Maryland this is well-paid work. Of 489 occupations with published figures in the state, financial managers ranks 15 — in the top quarter of everything people do there.
- The wage here flatters the reality. From $158,750 the take-home is $112,215. But Maryland costs more than the national average, so that money behaves more like $107,935 would elsewhere. Worth knowing before comparing offers across states. The average is higher, $170,350, because the best-paid pull it up.
- Maryland ranks 19 of 51 for financial managers at $158,750. The nominal figure is unremarkable; the adjusted figures are where the state's actual position for this occupation is determined.
- Ranked against every occupation Maryland publishes a median for, financial managers sits 15 of 489 — the upper quartile of the state's wage distribution. National standing and within-state standing are separate questions, and a job can occupy very different positions on each.
- Retained pay after federal, FICA and Maryland income tax is $112,215 for financial managers, from $158,750. The state's price level exceeds the national average, so the price-adjusted equivalent is $107,935. ⚠️ This is purchasing power and not a wage; cross-state offer comparisons that stop at the nominal figure systematically overvalue high-cost states. The mean of $170,350 sits above the median, the right skew typical of wage data.
Compare this career across states
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Pay band: Financial Managers
The state median for this job
| Lowest tenth earn under | $84,030 |
|---|---|
| Half earn under | $158,750 |
| Top tenth earn over | $290,190 |
| This salary | $158,750 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Maryland | $112,215 |
|---|---|
| Take-home in Texas | $119,772 |
| Once local prices are leveledBEA price parity | +$15,319 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $147,694 |
|---|---|
| You could take a cut of | −$21,779 |
| Prices in Texas | 97 vs 104 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Maryland earn less than $158,750. The published range is $84,030 up to $290,190, so an individual figure can sit a long way from the middle in either direction.
- In Maryland the take-home figure of $112,215, from $158,750, assumes one filer, no dependants, and nothing paid into a pension before tax. Each of those lowers the bill, so treat it as the plain case. City and school-district income taxes are not included either, and in a few states those are real money. It ranks 15 of 489 occupations here.
- One number stands for prices across all of Maryland, which is a simplification — big cities cost far more than small towns. Read $107,935, the adjusted value of that $158,750 median, as a way to compare states fairly, not as a quote for any particular place. The two datasets are also from different years. This job sits at 15 of 489 in the state.
- Reported values are medians; for financial managers in Maryland the tenth-to-ninetieth percentile band is $84,030 to $290,190. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- Take-home for Maryland is computed for a single filer taking the standard deduction with no dependants and no pre-tax contributions, giving $112,215 from $158,750. Each omitted item reduces taxable income, so the figure is a lower bound on retained pay for this household shape. Municipal and school-district income taxes are excluded, which understates the burden materially in Ohio, Pennsylvania and Maryland. The occupation ranks 15 of 489 locally.
- Price deflation uses one statewide parity for Maryland, so $107,935 — the adjusted value of that $158,750 median — establishes comparability between states rather than accuracy within one. The wage and parity series are dated independently, each following its own publication cycle, and neither is projected forward. This occupation sits at 15 of 489 locally.
Questions people ask
Is this the average pay for the job?
It is the midpoint, not the average. The average here is $170,350, dragged up by high earners; the middle figure describes a typical worker better.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $84,030 and the top tenth $290,190 — experience, employer and specialism separate them, and a single figure hides all three.
Does a bigger number here mean I am better off?
Not on its own. Prices in Maryland run above the national level, so the same dollars buy less here. Adjusted for that, this pay is worth $107,935 — the wage did not change, only what it covers.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; Maryland then takes its own share, leaving $112,215.
Can I compare this job across every state?
All 51 jurisdictions report this work, which makes the ranking a like-for-like one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Maryland is $170,350. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($84,030) and the ninetieth ($290,190) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
How does the state price level affect real compensation?
Maryland's regional price parity sits above the national average, so nominal wages overstate purchasing power. Deflating take-home by the state price level gives $107,935 in national-average terms. ⚠️ RPPs are an all-items index; housing parities vary far more widely than the headline figure.
What accounts for the gap between gross wage and take-home here?
Take-home of $112,215 reflects federal income tax, OASDI, Medicare and Maryland income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.