Housing costs in Baltimore?
A typical home costs
$251,500, which is 25.6% less expensive than the national average of
$338,100 and 35.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,700 per month, which is 4.9% more than the national average of
$1,620 and 8.8% more than the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21201), Maryland, a minimum annual income of
$48,240 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21201 Baltimore, MD is quite high compared to other cities. According to the Cost of Living Index, 21201 Baltimore has an index score of 136.5, which is considerably higher than the U.S. average index score of 100. This means that goods and services in this area are more expensive than most places in the country. Housing costs are especially high, with one bedroom apartments renting for an average of $1,500 a month and two bedrooms renting for around $1,800 a month. This can put a strain on residents' finances and make it difficult to afford necessities like food and transportation. However, there are ways to save money such as by buying groceries in bulk or using coupons at local stores.