Cost of Living in Baltimore, MD
Baltimore has a cost of living index of 102 (100 = national average), making it close to the national average. The median household income is $52,164 and the median home price is $220,000.
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Baltimore at a Glance
Population
569,931
Cost of Living Index
102
Median Income
$52,164
Median Home Price
$220,000
Property Tax Rate
2.32%
Sales Tax Rate
6.00%
Rent Index
90
State
Maryland
Living in Baltimore
Baltimore has a cost of living slightly above the national average. While housing at $220,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Baltimore is 6.00%, and the effective property tax rate is 2.32%. Property taxes are above the national average, which is an important consideration for homebuyers.