Cost of Living in Baltimore, MD
Population 573,243 · Census ACS 2020–2024 5-year estimates
The median rent in Baltimore, MD is $1,331/month, 22% lower than the Maryland median and 6% lower than the U.S. median. The median home value is $229,600, 31% lower than the national median. Households earn a median of $62,177 a year, 40% lower than the state median.
Affordability
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Baltimore vs. Maryland vs. U.S.
| Baltimore | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $1,331 | $1,705 | $1,413 |
| Median home value | $229,600 | $419,900 | $332,700 |
| Median household income | $62,177 | $103,678 | $80,734 |
| Homeownership rate | 47.5% | 67.6% | 65.2% |
| Bachelor's degree or higher | 36.1% | 43.4% | 35.7% |
| Poverty rate | 19.7% | 9.4% | 12.5% |
| Unemployment rate | 6.5% | 4.9% | 5.2% |
| Work from home | 17.8% | 19.3% | 15.1% |
| Median age | 36.2 | 39.4 | 38.9 |
FAQ
What is the average rent in Baltimore, MD?
The median gross rent in Baltimore, MD is $1,331 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Baltimore, MD?
Using the common 30% rule, renting a median-priced home takes about $53,240 a year in gross income.
Is Baltimore, MD expensive to live in?
Rent there is 6% lower than the U.S. median, and the median home costs about 3.7 times the median household income.
Other cities in Maryland
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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