The 2 bedroom rent in 21223 Baltimore, MD is $1,230, which is $200 cheaper than the US average of $1,430. This lower rate can have a positive impact on local businesses in the area. Companies like Real Property Management All-Star, Greenbriar Properties LLC and Top Property Management Solutions are likely to see an increase in demand for their services since consumers will be able to afford higher quality housing options at a more affordable rate. Grocery cost index for 21223 Baltimore, MD is 94 versus 100 in the US, which means grocery prices are 6% lower. This could benefit local supermarkets and restaurants as well as benefit residents of the area with more accessible food options and prices.
Baltimore (zip 21223) has an unemployment rate of 7.9%. The US average is 6.0%.
Baltimore (zip 21223) has seen the job market increase by 0.6% 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 21223)
- The Sales Tax Rate for Baltimore (zip 21223) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore (zip 21223) 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 21223)
- The average income of a Baltimore (zip 21223) resident is $15,013 a year. The US average is $28,555 a year.
- The Median household income of a Baltimore (zip 21223) resident is $31,947 a year. The US average is $69,021 a year.