Cost of Living in Baltimore, MD

Key Statistics

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Living in Baltimore, MD — 2026 Cost of Living Guide

Baltimore is above the national average in terms of cost, with an overall cost of living index of 108. This means living in Baltimore is approximately 8% more expensive than the national average.

Housing Costs in Baltimore

Housing costs are roughly in line with the national average. The housing index for Baltimore is 105, which means housing costs are 5% above the national average. This includes both rental prices and home purchase costs in the metropolitan area.

Income and Employment

The median household income in Baltimore is $52,164, with a population of approximately 585,708. The median household income is below the national average, which can make the cost of living feel more impactful for many residents.

The job market in Baltimore is solid, with steady growth in several key sectors and reasonable unemployment rates.

Daily Living Expenses

Beyond housing, daily expenses in Baltimore are near the national average. Groceries and dining carry an index of 105, while transportation costs sit at 110. Healthcare expenses index at 108, and utilities come in at 108.

Taxes

Taxes in Baltimore are above average at 115, which factors into the overall cost of living. State income taxes and local levies contribute to the higher burden.

Quality of Life

The weather in Baltimore is typical for its region, with distinct seasons and moderate conditions for most of the year.

Like many major cities, Baltimore faces some safety challenges, though many neighborhoods remain safe and vibrant communities.

Is Baltimore a Good Place to Live?

Baltimore provides a balanced combination of affordability and quality of life that appeals to a wide range of residents. With a good job market and fair weather, Baltimore continues to attract new residents drawn by the favorable cost of living.

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