Financial Managers Salary
Financial Managers in Maryland make a median of $158,750 a year, or about $76.32 an hour. The range runs from $84K at the entry level to $290K for experienced workers. Adjusted for local prices (RPP 98.76), that's roughly $160,743 in purchasing power. Rent on a 2-bedroom averages $1,795/month, or 19.2% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Maryland. Jump to a metro for precise data:
So what does $159K get you in Maryland?
About financial managers
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What this looks like in Maryland
Financial managers pay in Maryland tracks closely to the national median, $159K locally vs. $167K nationwide, a 5% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,795/month, 19.3% of take-home, well inside the 30% guideline. Cost of living (RPP 98.76) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Maryland
Entry-level financial managers (10th percentile) start around $84K. Mid-career wages sit at $159K. Top earners bring in $290K or more, a $206K spread from bottom to top.
Financial Managers salary by metro in Maryland
4 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $158K | -0% | 9,990 |
| Lexington Park | $139K | -12% | 290 |
| Hagerstown-Martinsburg | $134K | -16% | 380 |
| Salisbury | $128K | -19% | 310 |
Compare to other states
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Maryland numbers change.
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Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Maryland?
Yes — at the median salary of $159K, rent takes 19.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,795/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Maryland?
The 10th-percentile wage — what new financial managers typically earn — is $84K/year. Take-home on that works out to about $5,042/month. At HUD’s $1,795/month FMR, rent would take 36% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial manager a high-paying job in Maryland?
Pay here is roughly in line with the national average — $159K locally vs. $167K nationally, a 5% difference.
How does Maryland compare to the national average for financial managers?
Maryland pays $159K median vs. the U.S. average of $167K — that’s -5%. After adjusting for local cost of living (RPP 98.76), the purchasing-power equivalent is $161K — below the national median.
How much do financial managers make in Maryland?
The median is $158,750 a year, that works out to about $76 an hour. But the range is wide: entry-level workers start around $84,030, and experienced financial managers can clear $290,190. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $159K enough to live in Maryland?
On that salary, you'd take home roughly $9,305/month after taxes. A 2-bedroom here rents for about $1,795/month, which eats 19.3% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers 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 financial managers salary is worth about $160,743 in national-average purchasing power.
Where do financial managers 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.