Housing costs in Baltimore?
A typical home costs
$110,000, which is 67.5% less expensive than the national average of
$338,100 and 71.7% 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 21216), Maryland, a minimum annual income of
$21,240 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in Baltimore, MD 21216 is generally quite high compared to other cities in the US. Rent prices are especially steep, and can range anywhere from $800 for a studio apartment to over $2,000 for a three bedroom. Groceries and utilities tend to be on the higher side as well, with meals at a restaurant typically costing upwards of $20 per person. Transportation costs are also high, as public transit fares can range anywhere from $1.70-$5.00 depending on the distance traveled. Despite its high costs though, Baltimore is an incredibly diverse and vibrant city that offers plenty of opportunities and activities for both locals and visitors alike.