Baltimore, MD is a bustling city filled with both culture and opportunity. With an estimated population of 602,495, Baltimore offers 2 Bedroom Rent at $1,420 which is slightly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Baltimore is 98 rather than 100 in the US. This allows residents to get more out of their money when grocery shopping. There are many prominent businesses located in Baltimore such as Under Armour Inc., Legg Mason Inc., and McCormick & Co. These companies offer residents career opportunities and contribute to the local economy. Overall, Baltimore is a great place for people to live due its reasonable rent prices and employment opportunities from local businesses.
Baltimore has an unemployment rate of 7.9%. The US average is 6.0%.
Baltimore has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Baltimore
- The Sales Tax Rate for Baltimore is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore is 11.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Baltimore
- The average income of a Baltimore resident is $25,062 a year. The US average is $28,555 a year.
- The Median household income of a Baltimore resident is $54,124 a year. The US average is $69,021 a year.