Pay and cost of living in Montgomery County, MD
Montgomery County, MD is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV labor market, and this page summarizes 97 occupations with published wages there. The median of their median salaries is $66,980 a year. The best-paid occupation listed is Computer and Information Systems Managers at $195,190, and the lowest is Fast Food and Counter Workers at $34,600.
A one-bedroom apartment in Montgomery County, MD has a HUD Fair Market Rent of $2,204 a month and a two-bedroom $2,438. Rent, food, home energy and gasoline for one adult add up to $33,944 a year. After federal, FICA and state income taxes, the average occupation here takes home $60,143 a year, and 81 of the 97 occupations listed here (84%) earn enough take-home pay to cover the four basics.
Each occupation links to a detailed page with gross pay, take-home pay, rent, food and energy costs, and the monthly budget margin. All pages share one method, which makes it easy to compare jobs inside Montgomery County, MD or against other counties.
Housing, taxes and commute in Montgomery County, MD
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Montgomery County, MD, set beside the Maryland and national medians.
Median household income in Montgomery County, MD is $132,450, 28% above the Maryland median of $103,678 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($26,448) equals 20.0% of that income. The median of the occupation medians listed here, $66,980, is 49% below household income, which is expected because a household can hold more than one earner.
Homeowners in Montgomery County, MD pay a median of $5,539 a year in real estate taxes, 35% above the Maryland median of $4,093. With a median home value of $640,300, 52% above the Maryland median of $419,900, the ratio of the two medians is 0.87% a year.
Renters in Montgomery County, MD pay a median gross rent of $2,068 a month in the Census survey, 21% above the Maryland median of $1,705. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $2,204; the Census figure covers rental units of every size.
Workers in Montgomery County, MD who travel to a workplace spend an average of 31.9 minutes each way, 3% above the Maryland average of 31.1. 28.3% of workers work from home, compared with 15.1% nationally.