Cost of Living in Baltimore
Median income in Baltimore is $50,000/year ($4,167/month). Here is how to budget every dollar.
Average Rent in Baltimore
$1,100
Studio
$1,350
1 Bedroom
$1,650
2 Bedrooms
Monthly Budget Breakdown: $4,167/month
How to allocate the median Baltimore income of $50,000/year after taxes.
Housing
$1,350
Food & Groceries
$420
Transportation
$280
Utilities
$200
Healthcare
$210
Entertainment
$250
Personal & Other
$210
Savings
$1,247
Total
$4,167
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Affordable Neighborhoods in Baltimore
Hampden and Remington have quirky charm with walkable shops and restaurants
Federal Hill and Canton are popular with young professionals near the harbor
Towson and Catonsville in Baltimore County offer suburban value with light rail access
Money-Saving Tips for Baltimore
MTA monthly pass ($74) covers buses, light rail, and Metro subway
MARC train ($200+/month) connects to DC — compare with DC rent savings
Shop at Aldi, Lidl, and Lexington Market for affordable groceries
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