Credit Counselors Salary
Credit Counselors in Maryland make a median of $60,450 a year, or about $29.06 an hour. The range runs from $46K at the entry level to $82K for experienced workers. Adjusted for local prices (RPP 98.76), that's roughly $61,209 in purchasing power. A 2-bedroom apartment runs $1,795/month, about 45.5% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Maryland. Jump to a metro for precise data:
So what does $60K get you in Maryland?
About credit counselors
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What this looks like in Maryland
Maryland sits well above the national pay line for credit counselors, local pay runs about 16% higher than the U.S. median of $52K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,795/month, which is 45% of the median worker's take-home, past the 30% guideline most planners use. Cost of living (RPP 98.76) is near the national average, so spending patterns here track the typical American budget fairly closely. The pay premium is real, but so are the offsets.
Compensation breakdown
Annual earnings by percentile, Maryland
Entry-level credit counselors (10th percentile) start around $46K. Mid-career wages sit at $60K. Top earners bring in $82K or more, a $36K spread from bottom to top.
Credit Counselors salary by metro in Maryland
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $57K | -6% | 190 |
Compare to other states
Track credit counselors salary changes
BLS updates this data quarterly. We'll email you when Maryland numbers change.
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Frequently asked questions
Can a credit counselor afford a 2BR apartment alone in Maryland?
It’s a stretch — at the median salary of $60K, rent takes 45% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,795/month. The 30% guideline puts the comfortable ceiling at roughly $1,200/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for credit counselors in Maryland?
The 10th-percentile wage — what new credit counselors typically earn — is $46K/year. Take-home on that works out to about $2,758/month. At HUD’s $1,795/month FMR, rent would take 65% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is credit counselor a high-paying job in Maryland?
Local pay is 16% above the national median — $60K here vs. $52K nationally.
How does Maryland compare to the national average for credit counselors?
Maryland pays $60K median vs. the U.S. average of $52K — that’s +16%. After adjusting for local cost of living (RPP 98.76), the purchasing-power equivalent is $61K — still ahead of the national median.
How much do credit counselors make in Maryland?
The median is $60,450 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $45,960, and experienced credit counselors can clear $81,720. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $60K enough to live in Maryland?
On that salary, you'd take home roughly $3,993/month after taxes. A 2-bedroom here rents for about $1,795/month, which eats 45% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a credit counselors salary go in Maryland?
Maryland has a Regional Price Parity of 98.76 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median credit counselors salary is worth about $61,209 in national-average purchasing power.
Where do credit counselors get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.