Baltimore cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBaltimoreMarylandNational
Cost of living index96116100
IndexBaltimoreMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index93157100
Transportation index109108100
Utilities index9799100
An overview of the general cost of living index for Baltimore, MD is displayed above for your reference. Residents in Baltimore, MD enjoy a cost of living index of 96. This index is 17% lower than the Maryland average, and 4% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Baltimore, MD, the average cost of goods and services is 1% lower than it is in Maryland, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Baltimore is 17% lower than the Maryland average.
  • The cost of living in Baltimore is 4% lower than the national average.
  • The cost of housing in Baltimore is 7% lower than the national average.
  • Maryland general sales tax is 18% higher than the national average.
  • Maryland state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Baltimore, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Baltimore, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Baltimore, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,923$4,994$1,398$1,798
Renters$26,861$2,238$627$806
The affordability of the housing market in Baltimore, MD as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Baltimore, MD homeowners, the median income is $59,923. This indicates that a monthly maximum of $1,398 should be spent by homeowners on all housing related costs. Renters have a median income of $26,861. This indicates that renters should have a maximum of $627 used for their rent related monthly costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
The Maryland sales tax and Maryland income tax rates should definitely be considered when determining the overall cost of living in Baltimore, MD. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maryland sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemBaltimoreNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%

Groceries

ItemBaltimoreNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemBaltimoreNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%

Housing

ItemBaltimoreNational avg.Difference
Home Price $161,300.00$181,400.0011.1%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $909.00$889.002.2%

Transportation

ItemBaltimoreNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%

Utilities

ItemBaltimoreNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Franklin, MD23091-9%
Dundalk, MD62,45997-3%
Middle River, MD25,30199-1%
Lansdowne, MD9,32899-1%
Essex, MD38,6661011%
Baltimore, MD620,64496-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Boston, MA619,66214444%
Seattle, WA612,91614242%
Nashville, TN605,85997-3%
Washington, DC605,75913636%
Denver, CO604,3561077%
Baltimore, MD620,64496-4%
Source: The Baltimore, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.