Cost of Living in Baltimore

Maryland · Population: 573,243 · Updated 2026

Average
Cost Index
104.5
100 = US avg
Median Income
$62K
Annual household
Median Rent
$1,331/mo
2-bedroom unit
Rent Burden
26%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing78.3
Groceries325.7
Utilities100.0
Transportation284.6
Healthcare100.0
Economic Details
Median Home Value$230K
State Income Tax5.75%
Unemployment Rate3.6%
Est. Net Income$59K/yr
Affordability Score
98
out of 100
Above national average cost
Salary Converter for Baltimore

See what salary you'd need in another city to match your purchasing power in Baltimore.

$75,000

About Baltimore

Baltimore is a historic port city with world-class healthcare institutions like Johns Hopkins. Its proximity to Washington DC makes it popular for commuters seeking more affordable housing in the DC metro area.

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Frequently Asked Questions

Is Baltimore expensive?

Baltimore has a cost of living index of 104.5, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Baltimore?

Based on a rent-to-income ratio of 30%, you'd need at least $53,240 to afford the median 2-bedroom apartment in Baltimore and maintain basic expenses.

What is the median rent in Baltimore?

The median 2-bedroom rent in Baltimore is $1,331 per month, according to HUD Fair Market Rent data.