Cost of Living in Baltimore city, MD

What does it cost to live in Baltimore city? Income, housing, and affordability breakdown.

Median Income

$58,349

Median Rent

$1,235/mo

Median Home

$202,900

Affordability

360

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,026
Property Tax$255
Insurance$68

Total Monthly$1,349
% of Income27.7%

Renting

Median Rent$1,235
Renter's Insurance$25

Total Monthly$1,260
% of Income25.4%

Living in Baltimore city, Maryland

Baltimore city has a median household income of $58,349 with housing costs that represent 27.7% of income for owners and 25.4% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 360 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Maryland

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.