How to Become a Economists in Maryland
Economists in Maryland earn a median salary of $137,610/year, which is 19% above the national average. Maryland has a state income tax of ~4.7%. After taxes and rent, a economists takes home approximately $6,783/month. Most positions require Bachelor's degree.
What a economists can afford in Maryland
Becoming a economists in Maryland
Meet education requirements
Economists positions in Maryland typically require Bachelor's degree. Programs are available at colleges and training institutions across Maryland. Research accredited programs in your area.
Gain required experience
Many economists positions in Maryland require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Maryland licensure or certification
Maryland may require specific licensing or professional certification for economistss. Requirements vary by state — contact the Maryland Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Maryland
Maryland employs 920 economists. The highest concentrations are in Baltimore-Columbia-Towson.
Economists salary by metro area in Maryland
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $126K | $60.4/hr | 200 |
Economists salary range in Maryland
Economists careers in other states
Frequently asked questions
How much does a economists make in Maryland?▼
The median economists salary in Maryland is $137,610 per year ($66.16/hr). This is 19% above the national median of $115,440. Salaries range from $80,970 to $191,880.
What are the requirements to become a economists in Maryland?▼
Economists positions in Maryland typically require Bachelor's degree. Maryland may have specific licensing or certification requirements. Check with the Maryland licensing board or department of labor for current requirements.
Can a economists afford to live in Maryland?▼
At the median salary of $137,610, a economists in Maryland would take home approximately $8,195/month after taxes. With median 2-bedroom rent at $1,412/month, that's 17.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for economists in Maryland?▼
The highest paying metro areas for economists in Maryland are Baltimore-Columbia-Towson ($125,630). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Maryland have state income tax for economists?▼
Yes, Maryland has a state income tax rate of approximately 4.7%. On a $137,610 salary, this means roughly $6,476/year in state income tax. Use our take-home pay calculator for a detailed breakdown.