Can A Financial Analyst Afford Rent in Frederick, MD?

Comfortably affordable — rent takes 23.7% of gross income.

Frederick rent: June 2026. Salary: BLS OEWS May 2024 (Maryland state estimate).

Frederick median rent
$2,205/mo
Financial Analyst salary (Maryland)
$111,607/yr
Rent as % of income
23.7%
Gross monthly income works out to about $9,301, and the 30% rule supports up to $2,790/mo in rent. Frederick's median rent of $2,205 leaves roughly $585/mo of headroom under that threshold. A financial analyst works roughly 41.1 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Maryland cities have lower median rent than Frederick, which improves the affordability math on a financial analyst salary:

Elkridge, MD
$2,204/mo (23.7% of income)
Greenbelt, MD
$2,203/mo (23.7% of income)
Upper Marlboro, MD
$2,201/mo (23.7% of income)

Compare with full rent data for Frederick

View full rent data for Frederick, MD

Frequently asked questions

Can a financial analyst afford rent in Frederick, MD?

Median rent in Frederick is $2,205 a month. A typical financial analyst in Maryland earns about $111,607 a year, which makes that rent 23.7% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Frederick?

Using the 30% rule, a financial analyst salary in Maryland (~$111,607/yr) supports up to $2,790 a month in rent. Frederick's current median rent is $2,205/mo, which leaves a $585/mo buffer.

How many hours does a financial analyst work to cover rent in Frederick?

At an hourly equivalent of about $54 an hour, a financial analyst in Maryland works roughly 41.1 hours a month to cover Frederick's median rent of $2,205.

Where is rent cheaper than Frederick for a financial analyst?

Nearby Maryland cities with lower median rent include Elkridge ($2,204/mo), Greenbelt ($2,203/mo), Upper Marlboro ($2,201/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Maryland state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Frederick, MD. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.