Quality of Life in Baltimore, MD on an Income of $134,725
A salary of $134,725 annually provides a comfortable lifestyle in Baltimore, Maryland. Though the cost of living is slightly above the national average, the income supports a good quality of life. Below is an assessment of various key aspects compared to the broader United States:
Cost of Living
- General Overview: Baltimore's cost of living is marginally above the national average.
- Transportation and Utilities: Costs here align closely with national averages.
- Groceries and Dining: Food-related expenses slightly exceed typical U.S. costs.
- Income Tax: Maryland's state tax rates can affect take-home pay more than some neighboring states.
Housing Market
- Home Prices:
- The median home price in Baltimore is lower than major metropolitan areas like New York City and Washington, D.C.
- Baltimore offers a broad range of housing options, from urban townhouses to suburban single-family homes.
- Rent: Rental prices are moderate compared to cities like San Francisco and Boston, offering more reasonable options for those not ready to purchase a home.
Quality of Life
- Lifestyle: With a rich historical background, the city offers numerous cultural and recreational activities.
- Community: Neighborhoods range from vibrant, urban areas to quieter, family-oriented suburbs, providing diverse living experiences.
- Safety: While Baltimore has areas with higher crime rates, many neighborhoods maintain a strong sense of community safety.
Access to Healthcare
- Healthcare Facilities: Baltimore is home to world-renowned institutions like Johns Hopkins Hospital, providing excellent medical services.
- Health Insurance: With adequate health insurance, residents can expect high-quality healthcare services, which is vital for both preventive care and emergency situations.
Quality of K-12 Schools
- Public Schools: The quality varies by neighborhood; some areas offer highly rated schools while others might require consideration of private options.
- Private Schools: Numerous prestigious private institutions are available, offering strong educational programs.
- Higher Education: The presence of esteemed universities provides excellent educational resources and opportunities.
Summary
Living in Baltimore, MD, on a salary of $134,725 offers a favorable quality of life relative to the cost of living and housing markets. The city provides access to excellent healthcare services and a variety of educational opportunities, though the quality of K-12 public schools can vary by
