Housing costs in Baltimore?
A typical home costs
$513,200, which is 51.8% more expensive than the national average of
$338,100 and 32.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore costs
$1,920 per month, which is 34.3% more than the national average of
$1,430 and 15.6% more than the state average of
$1,620.
Can I afford Baltimore?
To live comfortably in Baltimore (zip 21240), Maryland, a minimum annual income of
$98,280 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Baltimore?
The cost of living in 21240 Baltimore, MD is relatively high due to the city's proximity to Washington D.C. and its growing popularity as a tourist destination. Rent prices in Baltimore are on the rise, with the average monthly cost for a one-bedroom apartment hovering around $1,000. Groceries and restaurant meals also tend to be more expensive than in other parts of the country. Despite this, there are still plenty of ways to save money while living in Baltimore such as taking advantage of public transportation options or opting for cheaper housing options further away from downtown.