Cost of Living in Baltimore, MD

Population: 577,193 • 2026 Data

$59,623
Median Household Income
-23% vs national
$1,290
Median Monthly Rent
-4% vs national
$219,300
Median Home Value
-35% vs national
6.5%
Unemployment Rate

Housing in Baltimore

The median home value in Baltimore, MD is $219,300. Monthly rent for a typical unit averages $1,290, while total monthly housing costs (including utilities and insurance) average $1,333.

Rent-to-income ratio: 26.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Baltimore, MD is $59,623. The unemployment rate stands at 6.5%, with a labor force of 292,915 people.

Compare Baltimore With Other Cities

Baltimore vs New York, NY → Baltimore vs Los Angeles, CA → Baltimore vs Chicago, IL → Baltimore vs Houston, TX → Baltimore vs Phoenix, AZ → Baltimore vs Philadelphia, PA → Baltimore vs San Antonio, TX → Baltimore vs San Diego, CA → Baltimore vs Dallas, TX → Baltimore vs San Jose, CA → Baltimore vs Austin, TX → Baltimore vs Jacksonville, FL →

Other Cities in Maryland

Columbia, MD → Germantown, MD → Waldorf, MD → Silver Spring, MD → Frederick, MD → Ellicott City, MD → Glen Burnie, MD → Gaithersburg, MD →

Data Sources

All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.

Verify at data.census.gov