LIFE IN MARYLAND:
FINANCIAL SECURITY
A Tech Hub You Can Afford to Love
If you’re chasing a high salary with an attainable cost of living and coming up short, maybe you haven’t been looking in the right places. It’s time to get to know Maryland better. Our largest city, Baltimore, was ranked the third most affordable large city in the U.S. See the comparisons below to see how the city’s cost of living stacks up to others.
1.7x
San Francisco is 1.7 times more expensive
1.7x
NYC is 1.7 times more expensive
1.4x
Boston is 1.4 times more expensive
Affordable For All.
In Maryland, we’re working to ensure that all Marylanders have a strong financial footing and are on the path to success. Baltimore was ranked among the top 10 most affordable LGBTQ-friendly places to live by Realtor.com. And Maryland is closing the gender pay gap. Maryland beats all other states when it comes to equal pay for women.
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Financial Incentives
Innovative state programs are helping Marylanders purchase homes, tackle student loans, and even buy electric vehicles.
Student Loan Debt Relief Tax Credit
Maryland’s Student Loan Debt Relief Tax Credit helps ease the burden of student loans by offering Marylanders a tax credit to help pay down loans.
Smart Buy
Maryland SmartBuy gives homebuyers an opportunity to purchase any home in Maryland that meets Maryland Mortgage Program guidelines while paying off student debt.
Electric Vehicle Tax Credit
Maryland is a leading state for sustainability and rewards Marylanders who are helping our state be more green, offering a $3,000 tax credit to buyers of electric vehicles.
Baltimore Incentives
It pays to be a Baltimore City Homeowner. More than 50 financial incentives are available to Baltimore City homebuyers.
Life in Maryland
Family & Schools
Maryland has one of the best public school systems in U.S. So whether you have small children now, or kids are a “maybe someday” for you, Maryland is a family-friendly state.
Getting Around
Maryland’s strategic location makes transportation a breeze. With planes, trains, buses and more, Maryland will get you there for sure.