Housing costs in Baltimore?
A typical home costs
$163,600, which is 51.6% less expensive than the national average of
$338,100 and 57.8% 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 21229), Maryland, a minimum annual income of
$31,320 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21229 Baltimore, MD is relatively high compared to other parts of the country. According to BestPlaces, the overall cost of living index in this area is 92.5 out of a rating of 100, making it 8.5% more expensive than the US average. Housing prices in Baltimore are particularly high, with an index score of 97.9, which is 15% higher than the national average. Additionally, groceries have an index score of 108.6, and transportation has an index score of 91.3, both much higher than the average for the US as a whole. All in all, living in 21229 Baltimore can be costly but worth it for those who want to take advantage of its culture and amenities.