Living in Baltimore, Maryland
Cost of living, income, home prices, rent and demographics of Baltimore · Census data 2020–2024
Baltimore has 573,243 residents with a median age of 36.2. The median household income is $62,177 (40% lower than the Maryland median), the median home value is $229,600, the median rent is $1,331/month.
Baltimore at a glance
- Population
- 573,243
- Median age
- 36.2State: 39.4
- Median household income
- $62,177State: $103,678
- Median home value
- $229,600State: $419,900
- Median rent
- $1,331/moState: $1,705
- Homeowners
- 47.5%
- Bachelor's degree or higher
- 36.1%
- Average commute
- 29 min
Is Baltimore a good place to live?
Pros: Home values 45% lower than the state median; an average commute of 29 minutes.
Cons: Median household income 40% lower than the Maryland median; unemployment of 6.5%; a poverty rate of 19.7%.
The weather is best in May–June and September–October.
Cost of living in Baltimore
Housing is the biggest part of the cost of living. In Baltimore the median home value is $229,600, 31% lower than the U.S. median. Renters pay a median of $1,331 per month, which is 32% of household income. Homeowners with a mortgage pay $1,789 a month in housing costs.
Baltimore median household income
The median household income in Baltimore is $62,177 and the income per person is $40,604. 19.7% of residents live below the poverty line (Maryland: 9.4%).
Housing in Baltimore: homes for sale and rent
- Housing units
- 295,032
- Owner-occupied
- 47.5%
- Renter-occupied
- 52.5%
- Vacant
- 13.3%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.16
Baltimore demographics
- Population
- 573,243
- Median age
- 36.2
- Under 18
- 20.9%
- 65 and older
- 15.3%
- Households
- 255,668
- Foreign-born
- 9.3%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Baltimore ›
Education in Baltimore
36.1% of adults 25 and older in Baltimore have a bachelor's degree or higher (Maryland: 43.4%), and 18.1% have a graduate or professional degree.
Jobs and commute in Baltimore
- Unemployment rate
- 6.5%State: 4.9%
- Average commute
- 29 minState: 31 min
- Work from home
- 17.8%
- Drive alone
- 55.5%
- Public transit
- 10.3%
- Walk to work
- 5.6%
- Homes with broadband
- 85.4%
Baltimore vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Baltimore | 573,243 | $62,177 | $229,600 | $1,331 |
| Baltimore Highlands | 8,206 | $62,304 | $267,200 | $1,392 |
| Lansdowne | 7,876 | $58,605 | $214,000 | $1,427 |
| Brooklyn Park | 16,067 | $87,989 | $284,300 | $1,379 |
| Rosedale | 20,002 | $85,711 | $276,200 | $1,378 |
| Arbutus | 22,507 | $99,090 | $322,600 | $1,318 |
| Dundalk | 65,969 | $64,520 | $212,700 | $1,473 |
| Towson | 58,679 | $101,320 | $469,000 | $1,764 |
| Parkville | 30,549 | $79,178 | $260,400 | $1,526 |
More for people moving to Baltimore
Baltimore ZIP code ›Weather and climate ›Living in Baltimore: FAQ
What is the median household income in Baltimore, MD?
The median household income in Baltimore is $62,177, 40% lower than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Baltimore?
The median home value in Baltimore is $229,600, compared with $419,900 in Maryland.
How much is rent in Baltimore?
The median gross rent in Baltimore is $1,331 per month, about 32% of household income.
Is Baltimore, MD a good place to live?
Pluses: home values 45% lower than the state median; an average commute of 29 minutes. Minuses: median household income 40% lower than the Maryland median; unemployment of 6.5%; a poverty rate of 19.7%.
What is the median age in Baltimore?
The median age in Baltimore is 36.2 years (Maryland: 39.4).
How long is the commute in Baltimore?
The average commute to work in Baltimore is 29 minutes; 17.8% of workers work from home.
What is the unemployment rate in Baltimore?
The unemployment rate in Baltimore is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Baltimore?
36.1% of adults in Baltimore have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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