Cost of Living in Baltimore, MD

Baltimore-Columbia-Towson, MD — prices, rents and what jobs really pay here after taxes.

Price level
104.5
U.S. average = 100 · #33 of 387
Median wage
$59,070
all jobs · $3,933/mo take-home
1-bedroom rent
$1,511
HUD fair market rent

Salary comparison calculator

What would you need to earn in Baltimore, MD to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Baltimore, MD vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items104.5+4.5%
    Housing118.2+18.2%
    Goods102.4+2.4%
    Utilities110.2+10.2%
    Other services101.5+1.5%

    Source: BEA Regional Price Parities, 2024.

    Rent in Baltimore, MD

    UnitMonthly rentIncome needed (30% rule)
    Studio$1,362$54,480/yr
    1 bedroom$1,511$60,440/yr
    2 bedrooms$1,857$74,280/yr
    3 bedrooms$2,358$94,320/yr
    4 bedrooms$2,611$104,440/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Baltimore, MD

    Paycheck in Baltimore, MD
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $47,201
    per year · effective tax rate 20.1%
    $3,933Monthly
    $1,967Twice a month
    $1,815Every 2 weeks
    $22.69Hourly
    • Federal income tax$4,908
    • Social Security (6.2%)$3,662
    • Medicare (1.45%)$857
    • Maryland income tax$2,442
    • Take-home pay$47,201

    Marginal rate: 12% federal + 4.75% state

    Highest-paying jobs in Baltimore, MD

    JobMedian salaryTake-homeReal value*
    General Internal Medicine Physician$239,200+$212,943$203,798
    Family Medicine Physician$239,200+$204,129$195,363
    Chief Executive$239,200+$181,599$173,800
    Physicians, All Other$218,770$151,997$145,470
    Dentists, General$172,110$120,787$115,600
    Computer and Information Systems Manager$168,520$118,531$113,441
    Architectural and Engineering Manager$167,350$117,796$112,737
    Aerospace Engineer$166,980$117,563$112,515
    Veterinarian$162,930$115,018$110,079
    Computer Network Architect$160,340$113,390$108,521
    Financial Manager$157,990$111,913$107,107
    Computer and Information Research Scientist$156,750$111,134$106,361
    Computer Hardware Engineer$156,750$111,134$106,361
    Natural Sciences Manager$156,730$111,121$106,349
    Electronics Engineers, Except Computer$156,520$110,989$106,223
    Purchasing Manager$151,990$108,131$103,487
    Managers, All Other$148,700$106,055$101,500
    Human Resources Manager$146,370$104,584$100,093
    Marketing Manager$140,180$100,678$96,355
    Software Developer$138,900$99,871$95,582

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Baltimore, MD expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Baltimore-Columbia-Towson, MD metro area are 104.5% of the U.S. average, with housing at 118.2%. It is the #33 most expensive of 387 metro areas we track.

    What salary do you need to live in Baltimore, MD?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $62,692 in Baltimore, MD (before tax differences). The median wage across all jobs here is $59,070.

    How much is rent in Baltimore, MD?

    HUD’s FY2026 fair market rents for Baltimore, MD are $1,362 for a studio, $1,511 for one bedroom, $1,857 for two bedrooms and $2,358 for three bedrooms, including utilities.

    All salaries in Baltimore, MD

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