CostByCity

Cost of Living in Baltimore, MD

2024 data from the Bureau of Economic Analysis

Cost Index
104.5
4.5% above avg
Housing Index
118.2
Median Income
$94,167
Median Rent
$1,489/mo

Cost Breakdown

Overall104.5 (+4.5%)
Housing118.2 (+18.2%)
Goods102.4 (+2.4%)
Utilities110.2 (+10.2%)
Other Services101.5 (+1.5%)

National average = 100

Income & Housing

Median Household Income
$94,167/year
Median Home Value
$357,800
Median Monthly Rent
$1,489/mo
Per Capita Income
$49,218/year

Compare Baltimore, MD With

Baltimore, MD vs New Haven, CTBaltimore, MD vs Yuba City, CABaltimore, MD vs Minneapolis, MNBaltimore, MD vs Modesto, CABaltimore, MD vs Corvallis, ORBaltimore, MD vs Stockton, CABaltimore, MD vs Wenatchee, WABaltimore, MD vs Boulder, COBaltimore, MD vs Olympia, WABaltimore, MD vs Salem, OR

Frequently Asked Questions

Is Baltimore, MD expensive to live in?
Baltimore, MD has a cost of living index of 104.5, which is 4.5% above the national average.
How much does housing cost in Baltimore, MD?
Housing costs in Baltimore, MD are indexed at 118.2 compared to the national average of 100. The median monthly rent is $1,489.
What is the average income in Baltimore, MD?
The median household income in Baltimore, MD is $94,167 per year.
What is the average home price in Baltimore, MD?
The median home value in Baltimore, MD is $357,800.