Is Baltimore an expensive place to live?
The cost of living index is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
882/5,673 cities in the US
37/153 cities in Maryland
Cost of Living compared to National Average
37/153 cities in Maryland
Cost of Living compared to Maryland
Cost of Living Comparison Calculator
Use our cost of living calculator to compare the cost of living between different locations and utilize our cost of living information to research living expenses in various areas.
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Assumptions Used to Calculate the Average Cost of Living in Baltimore:
House SizeTwo Bedroom AptEdit
Ownership vs. RentRentEdit
Description: Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census, it is the 30th-most populous city in the United States. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and is currently the most populous independent city in the nation. As of the 2020 census, the population of the Baltimore metropolitan...
How expensive is it to live in Baltimore?
Based on our Baltimore cost of living calculator, Baltimore is 18% more expensive than the national average and 9% more expensive to live in than the average city in Maryland. This assumes a $72,000 annual salary and a 2 Bedroom Apt. Food costs in Baltimore are as affordable than average in the United States. Transportations costs in Baltimore are more affordable than average in the United States. Housing costs in Baltimore are less affordable than average in the United States. Health care costs in Baltimore are more affordable than the US average.
What does it cost to move to Baltimore?
The cost of moving to Baltimore depends on a lot of factors. The biggest factor is the difference in cost of living between the two locations, which can be determined using
ERI's cost of living calculator. The other major factor is the distance between the two locations.
What is a cost of living index?
A cost of living index is a broad measurement of the cost of different expenses expected by the average person living in a certain location. Some of the categories tracked include health care costs, transportation, housing, groceries, and more. These numbers are tracked in specific locations to gauge how much it costs to live in a certain area over time.
Another good way to interpret this general number is to ask the question, "How many goods and/or services does a specific amount of money purchase in a given location?" An easy example would be that $100 goes further in Reno, Nevada, than it does in San Francisco, California. The goods and services tracked are need-based, meaning entertainment and other incurred expenses not required to live in a certain area are not tracked.
The main purpose of a cost of living index is to help a person quickly decide if moving from one location to another will increase or decrease quality of life.
How did we calculate our cost of living index?
Cost of living data are derived from ERI's cost of living surveys and web digitization of public domain records. Data are comprised of health care, transportation, housing, and grocery costs, which are then averaged out across the county. On the graphs above, the "0" represents the country’s average. The percentage can either be lower, expressed by a negative number, or higher than the national average, expressed by a positive number. The important part to remember is the locations are compared to an average of other locations.
What is cost of labor?
Cost of labor may sound like cost of living, but it refers to the price of labor as opposed to the cost to living in a location. Cost of labor refers to all the upfront costs that an employer must pay when hiring work from a particular area. This factors in costs such as the payroll taxes and required benefits when hiring from a particular location. This number is displayed as a percent average higher or lower than the national average. To see the cost of labor data for a particular location, please fill out this
quote form with your location of interest.