Housing costs in Baltimore?
A typical home costs
$266,800, which is 21.1% less expensive than the national average of
$338,100 and 31.3% 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 21202), Maryland, a minimum annual income of
$51,120 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21202 Baltimore, MD is relatively high compared to other areas in the country. According to Sperling's Best Places, the overall cost of living index is 136, which is 36% higher than the national average. Housing costs are especially expensive with a median home value of $129,700 and a median rent of $1,269 per month. Additionally, goods and services such as food, health care and transportation are more expensive than the national average. While it may be costly to live in this area, residents get to enjoy access to a variety of unique amenities like high-end restaurants and shopping centers.