Housing costs in Baltimore?
A typical home costs
$292,300, which is 13.5% less expensive than the national average of
$338,100 and 24.7% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,810 per month, which is 11.7% more than the national average of
$1,620 and 14.4% more than the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21231), Maryland, a minimum annual income of
$56,160 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21231 Baltimore, MD is relatively high compared to the nationwide average. According to the Council for Community and Economic Research, the cost of housing in this area is 20.5% higher than the national average, while transportation costs are 16.1% higher. Groceries and other basic goods are also 8.3% higher than the national average. Despite this, there are still some deals to be had when it comes to dining out and entertainment, as costs for these activities are actually 1.7% lower than the national average. Overall, 21231 Baltimore can still be an affordable place to live if you know where to look for savings.