Economists pay range in Baltimore
New workers and the lowest-paid 10% earn about $80,630 a year or less, while the top 10% make $195,190 or more. The middle half of economists in Baltimore earn between $109,200 and $175,720.
- $81K10th
- $109K25th
- $153KMedian
- $176K75th
- $195K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $147,800 | $12,317 | $71.06 |
| Median | $152,730 | $12,728 | $73.43 |
| Entry level (25th percentile) | $109,200 | $9,100 | $52.50 |
| Experienced (75th percentile) | $175,720 | $14,643 | $84.48 |
*Hourly figures assume 2,080 paid hours a year.
Economists salary after taxes in Baltimore
On the average salary of $147,800, a single filer in Baltimore takes home about $105,319 a year, or $8,777 a month and $4,051 every two weeks. Taxes take 29% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Is Baltimore a good place for economists? Pay vs. cost of living
Prices in the Baltimore area are 4% above the U.S. average (BEA price parity 104.5), so the average $147,800 buys what about $141,453 would buy in a typical U.S. metro. This job pays 2.6 times the median wage of all jobs in Baltimore ($59,070). A typical home costs $405,877, or 2.7 years of this average salary before tax.
Economists salary in nearby metro areas
- Washington, DC$166,140
- Harrisburg, PA$82,020
- Philadelphia, PA$149,490
- Richmond, VA$137,150
- Virginia Beach, VA$109,300
- New York, NY$184,860
Highest-paying cities for economists
New York, NY pays this job the most of the metro areas we cover ($184,860).
- New York, NY$184,860
- Washington, DC$166,140
- Durham, NC$159,310
- St. Louis, MO$156,690
- Los Angeles, CA$155,860
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Economists salary in Baltimore: questions
How much do economists make an hour in Baltimore?
$71.06 an hour on average, and $73.43 at the median (BLS, May 2025).
What is the entry-level economists salary in Baltimore?
The lowest-paid 10% earn about $80,630 a year and the 25th percentile is $109,200, a fair guide to starting pay.
What is the economists take-home pay in Baltimore?
About $105,319 a year ($8,777 a month) for a single filer on the average salary of $147,800. Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Do economists earn more in Baltimore than elsewhere?
The average here is about the same as the U.S. metro average for this job ($145,984).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 19-3011; area Baltimore-Columbia-Towson, MD (12580). Relative standard error of the mean wage: 9.3%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
- Job concentration: location quotient 0.71, this job is less common than in the U.S. overall (location quotient 0.71).
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