Housing costs in Baltimore?
A typical home costs
$234,600, which is 30.6% less expensive than the national average of
$338,100 and 39.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,730 per month, which is 6.8% more than the national average of
$1,620 and 10.4% more than the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21224), Maryland, a minimum annual income of
$45,000 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21224 Baltimore, MD is relatively high compared to other parts of the country. The average rent for a one-bedroom apartment is around $1,300 per month and the median home value is around $195,400. Utilities are expensive too, with an average monthly electric bill of about $130. Groceries are also more expensive here than in some other places in the US; expect to pay roughly 10 percent more than the national average for groceries each month. However, you can find ways to cut back on costs if you're willing to search out discounts or shop around for better deals.