Housing costs in Baltimore?
A typical home costs
$160,200, which is 52.6% less expensive than the national average of
$338,100 and 58.7% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,220 per month, which is 24.7% cheaper than the national average of
$1,620 and 27.0% cheaper than the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21215), Maryland, a minimum annual income of
$30,600 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21215 Baltimore, MD is relatively high compared to other parts of the country. The median home price for this area exceeds $400,000, which is more than double the national median of $200,000. The average rental prices for a one-bedroom apartment range from $1,100 to $1,300, and groceries can be expensive due to the large selection offered at local stores. Utility costs are also on the higher side due to taxes and fees associated with city services. Fortunately, many employers offer competitive benefits and wages that can help offset these costs.