Large City585,708 people

Baltimore, MD

Discover how far your salary goes in Baltimore. Compare taxes, rent, and living costs.

Cost Index
161
💰 Expensive
Population

585,708

State Tax

5.8%

1BR Rent

$2,366

/month

vs National

+69%

above avg

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Rent Prices in Baltimore

🏠

Studio

$1,893

/month

$22,716/year

Most Common
🛏️

1 Bedroom

$2,366

/month

$28,392/year

🏡

2 Bedroom

$3,194

/month

$38,328/year

🏘️

3 Bedroom

$4,141

/month

$49,692/year

Taxes in Maryland

State Income Tax

Maryland

5.8%

For a $100k salary, that's ~$5,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Baltimore, MD?

Baltimore has a cost of living index of 161, which is 61% above the national average. A 1-bedroom apartment costs around $2,366/month.

What is the state income tax in Maryland?

Maryland has a state income tax rate of approximately 5.8%. This is in addition to federal income tax.

How much is rent in Baltimore?

The median rent for a 1-bedroom apartment in Baltimore is $2,366/month. For a 2-bedroom, expect to pay around $3,194/month. This is 69% above the national average.

Is Baltimore a good place to live?

Baltimore is a large city with a population of 585,708. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Baltimore

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