Cost of Living in Baltimore, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.7
100 = national avg
+10.7 vs national average
Living Wage (1 Adult)
$48,709
per year
Living Wage (Family of 4)
$115,131
per year
Cost Index by Category
Housing134.7
Food95.6
Transportation103.2
Healthcare96.5
Utilities104.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,511
per month
2 Bedroom
$1,857
per month
The overall cost of living index in Baltimore is 110.7, which is 10.7% above the national average. Housing costs are above the national average at an index of 134.7. A single adult needs to earn approximately $48,709 per year to cover basic expenses.