Key Economic Benchmarks
Median Household Income
$76,210$6,351 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Wicomico County, MD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Wicomico County, MD
Official FY2026 HUD Fair Market Rents for Salisbury, MD HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,054 | $12,648 | $42,160 | 16.6% |
| 1-Bedroom Apartment | $1,061 | $12,732 | $42,440 | 16.7% |
| 2-Bedroom ApartmentBenchmark | $1,378 | $16,536 | $55,120 | 21.7% |
| 3-Bedroom Home | $1,818 | $21,816 | $72,720 | 28.6% |
| 4-Bedroom Home | $1,825 | $21,900 | $73,000 | 28.7% |
50/30/20 Living Budget in Wicomico County, MD
Based on the local median household income of $76,210/year ($6,351/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Maryland
Explore net income after federal income tax, FICA, and Maryland state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Maryland with official federal datasets:
Frequently Asked Questions About Living in Wicomico County, MD
What is the median household income in Wicomico County, MD?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Wicomico County, MD is $76,210 per year (approximately $6,351 per month).
What is the average rent in Wicomico County, MD?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Wicomico County, MD are $1,054 for a studio, $1,061 for 1 bedroom, $1,378 for 2 bedrooms, $1,818 for 3 bedrooms, and $1,825 for 4 bedrooms.
How does the cost of living in Wicomico County, MD compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Wicomico County, MD is 95.6 (4.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Wicomico County, MD?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,378/month) in Wicomico County, MD requires a minimum gross household income of $55,120 per year ($4,593 per month).
What is a balanced 50/30/20 monthly budget in Wicomico County, MD?
For a typical household earning the median income of $76,210/year ($6,351/month) in Wicomico County, MD, a balanced 50/30/20 budget allocates $3,175/month to essential needs (rent, utilities, groceries), $1,905/month to discretionary spending, and $1,270/month to savings and debt repayment.
What are typical electricity and utility costs in Wicomico County, MD?
Residential electricity rates in Maryland average 21.8¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $197 per month.