What Salary Do You Need to Live in Baltimore, MD?

To live comfortably in Baltimore, a household needs to earn roughly $60,000/year. That's about $5,000/month before taxes.

The Number: $60,000/year

At $60,000 per year, a household in Baltimore can afford median-priced rental housing at roughly 28% of gross income.

This is based on Baltimore's median monthly rent of $1,345 and the 28% housing guideline. Source: Census ACS 2024.

Baltimore at a Glance

Median rent$1,345/mo
Median home price$247,400
Median household income$64,778
State income taxUp to 5.75%
Sales tax6%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Baltimore on roughly $40,000/year. That's about $3,333/month before taxes.

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Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Baltimore

The median monthly rent is $1,345. Using the 30% guideline, you need about $54,000/year to afford this comfortably.

The median home price is $247,400. With a 20% down payment, you would need roughly $49,480 saved and a household income to support the mortgage payments.

The median household income is $64,778/year. Our recommended salary of $60,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.