Baltimore, Maryland is a great place to live. The average 2 bedroom rental rate in Baltimore is $1,230—this is below the national average of $1,430. Additionally, groceries are cheaper in Baltimore with an index rating of 95 compared to 100 nationally. This makes it great for people on a budget.
The city offers many benefits to its residents. It has many high-ranking companies like T Rowe Price and Legg Mason that provide numerous job opportunities. There is also a myriad of attractions in Baltimore such as the National Aquarium and the Inner Harbor area which offer entertainment options for all ages. With its lower cost of living and plenty of activities available, Baltimore is a great place to call home.
Baltimore (zip 21216) has an unemployment rate of 7.9%. The US average is 6.0%.
Baltimore (zip 21216) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Baltimore (zip 21216)
- The Sales Tax Rate for Baltimore (zip 21216) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore (zip 21216) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Baltimore (zip 21216)
- The average income of a Baltimore (zip 21216) resident is $23,696 a year. The US average is $37,638 a year.
- The Median household income of a Baltimore (zip 21216) resident is $42,906 a year. The US average is $69,021 a year.