The annual salary statistics of tax preparers in Baltimore-Towson, Maryland is shown in Table 1. The wage statistics of tax preparers in Baltimore-Towson is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $28,600 |
| 25th Percentile Wage | $29,680 |
| 50th Percentile Wage | $45,160 |
| 75th Percentile Wage | $67,620 |
| 90th Percentile Wage | $95,800 |
Table 1 shows the average annual salary for tax preparers in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $95,800. The median (50th percentile) annual salary is $45,160. The average annual salary for the bottom 10 percent earners is $28,600.
The table and chart below show the trend of the median salary of tax preparers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $45,160 | 20.93% | 43.11% |
| 2021 | $35,710 | -19.71% | - |
| 2020 | $42,750 | -8.54% | - |
| 2019 | $46,400 | 1.64% | - |
| 2018 | $45,640 | 6.70% | - |
| 2017 | $42,580 | 4.11% | - |
| 2016 | $40,830 | -26.01% | - |
| 2015 | $51,450 | 42.37% | - |
| 2014 | $29,650 | 4.32% | - |
| 2013 | $28,370 | 9.45% | - |
| 2012 | $25,690 | - | - |
From Table 3 we note that the median annual salary of $45,160 in Baltimore-Towson is in the middle of salary range for tax preparers in state of Maryland. In comparison, the annual salary of tax preparers in Baltimore-Towson is 19.6 percent (19.6%) lower than that in the highest paying California-Lexington Park and 30.8 percent (30.8%) higher than that in the lowest paying Upper Eastern Shore nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| California-Lexington Park | |
| Bethesda-Rockville-Frederick | |
| Baltimore-Towson | |
| Salisbury | |
| Upper Eastern Shore nonmetropolitan area |