The city of Baltimore Maryland has an average 2 bedroom rent of $1,230, which is lower than the national average of $1,430. Additionally, the grocery cost index in Baltimore is 98 compared to 100 in the US. This makes it a great option for those wanting to save more on living expenses while staying within the bounds of a large city. Local businesses in Baltimore include Under Armour Inc., McCormick & Co., and T. Rowe Price Group, with many other small businesses located throughout the city. The diversity of available companies allows residents to benefit from a wide array of services and job opportunities.
Baltimore (zip 21225) has an unemployment rate of 7.9%. The US average is 6.0%.
Baltimore (zip 21225) 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 21225)
- The Sales Tax Rate for Baltimore (zip 21225) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore (zip 21225) 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 21225)
- The average income of a Baltimore (zip 21225) resident is $22,555 a year. The US average is $37,638 a year.
- The Median household income of a Baltimore (zip 21225) resident is $43,707 a year. The US average is $69,021 a year.