Housing costs in Baltimore?
A typical home costs
$99,000, which is 70.7% less expensive than the national average of
$338,100 and 74.5% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,230 per month, which is 24.1% cheaper than the national average of
$1,620 and 26.0% cheaper than the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21205), Maryland, a minimum annual income of
$19,080 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21205 Baltimore, MD is slightly higher than the national average with housing being the primary contributor to this discrepancy. The median cost of a home in 21205 is $225,000 while the median price for a rental unit is around $1,450 per month. Prices can vary significantly throughout different areas within the zip code so it is important to do research prior to making a move or purchase. Transportation costs are reasonable in 21205 as public transportation such as bus and light rail options are available throughout the city. Groceries and other everyday items cost more than the national average but are still generally affordable for most residents. In general, living costs in this area have increased over time due to population growth and economic development but remain reasonable overall.