Cost of Living in Baltimore

The cost of living in Baltimore is reasonable compared to other major cities on the East Coast. As a newcomer, your main living expense is likely to be accommodation. That said, there are plenty of cost-effective living options if you're willing to commute.

Cost of accommodation in Baltimore

Newcomers to Baltimore will be pleased to learn that accommodation prices represent fairly good value, especially in comparison to other prominent East Coast cities such as New York City, Boston and Washington, DC.

The cost of renting an apartment in Baltimore can be 30 to 50 percent lower than the equivalent in DC. For this reason, it's common practice to live in Baltimore and work in DC.

Renting Accommodation in Baltimore

Cost of transport in Baltimore

Although it isn’t essential, most people living in Baltimore own a car. The cost of gas (petrol) is affordable and comparable to prices in other nearby cities. That said, parking in the city centre is pricey and will certainly add up for those who drive to work regularly.

Utilising Baltimore’s extensive public transport system remains the most cost-effective way to get around the city. Prices are reasonable, and those planning to use public transport regularly will make significant savings by investing in annual, monthly or weekly passes. Park-and-ride programmes are also available in Baltimore, which is a great way to travel into the city while avoiding parking struggles and costs.

Public Transport and Driving in Baltimore

Cost of groceries in Baltimore

Groceries in Baltimore aren't hugely expensive, though they do tend to be priced slightly above the national average.

Baltimore boasts one of the country’s most picturesque inner harbours, and it's easy to find seafood at reasonable prices in the city.

Budget-conscious newcomers can make their grocery budgets stretch further by shopping at discount stores like Aldi and Lidl. While these shops have a limited product selection, they generally offer lower prices than most supermarkets.

Other ways to stay on budget include shopping in season, buying non-perishables in bulk. and purchasing seasonal produce at local markets.

Cost of entertainment and eating out in Baltimore

The cost of entertainment and eating out will really depend on your lifestyle. If you're in the mood to splurge, you'll find plenty of opportunities at Baltimore’s slew of fine dining institutions, bars, and clubs.

On the other hand, enjoying leisure time in Baltimore doesn’t always need to break the bank. Many of the city’s major attractions are free to visit. Baltimore also has a wide variety of eateries to suit a range of budgets, with many budget-friendly and tasty options around the university.

Lifestyle in Baltimore

Cost of education in Baltimore

Newly arrived parents in Baltimore will need to factor in the cost of education. Much of this will depend on the type of schooling they choose.

Fees at private schools in Baltimore are high, and additional expenses include uniforms, textbooks, extracurricular activities and field trips. On the other hand, public school in Baltimore comes at little to no cost. There are plenty of good charter and magnet schools in Baltimore that offer an excellent standard of education without the hefty price tag.

Education and Schools in Baltimore

Cost of healthcare in Baltimore

Baltimore has some exceptional healthcare facilities. Both the Johns Hopkins Hospital and the University of Maryland Medical Center are world renowned, but it’s worth noting that, as is the case throughout the US, high-quality medical treatment doesn’t come cheap.

Anyone moving to Baltimore should ensure they are covered by a comprehensive health insurance plan – it’s wise to invest time exploring various insurance options and to be aware of the co-payments involved. Depending on your field of work, your employer may either cover the cost of medical insurance or at least make a contribution.

Best Hospitals in Baltimore