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This question is about Frederick, MD.
What is a good salary in Frederick, MD?
A good salary in Frederick, MD is anything over $58,000. That's because the median income in Frederick is $58,000, which means if you earn more than that you're earning more than 50% of the people living in Frederick. The average salary in Frederick is $65,487.
A good hourly wage in Frederick is $27.88 per hour. That works out to a good weekly wage of $1,115 per week and a good monthly wage of $4,833 per month. However, using the median income is only one way to calculate a good salary in Frederick.
Another way to calculate a good salary in Frederick is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $270,400, a good salary in Frederick would be $54,080.
Lastly, we can determine a good salary in Frederick by looking at the cost of living and comparing it to the US average salary. The cost of living in Frederick is 17% higher than than the national average. The national average salary is $56,310, so a good salary in Frederick is anything over $66,445 by this measure.
Average Annual Salary in Frederick, MD
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $31,000 | $2,583 | $596 | $14.9 |
| 25th | $41,000 | $3,416 | $788 | $19.71 |
| Median | $58,000 | $4,833 | $1,115 | $27.88 |
| 75th | $80,000 | $6,666 | $1,538 | $38.46 |
| 90th | $108,000 | $9,000 | $2,076 | $51.92 |
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