Housing costs in Baltimore?
A typical home costs
$239,800, which is 29.1% less expensive than the national average of
$338,100 and 38.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,560 per month, which is 3.7% cheaper than the national average of
$1,620 and close to the state average of
$1,550.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21211), Maryland, a minimum annual income of
$46,080 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21211 Baltimore, MD is relatively high compared to many other parts of the country. The median home price in this zip code is over $300,000, which is about 46% higher than the national median. Furthermore, rental prices are also above the national average and have been increasing at a steady rate. On top of that, groceries and transportation costs can be more expensive than elsewhere due to higher taxes and fees. Despite the higher cost of living in 21211 Baltimore, MD, there are many benefits to living here such as access to quality education institutions, health care facilities, entertainment venues and other amenities that make life more enjoyable.