Quality of Life in Baltimore, MD on an Annual Salary of $133,705
Understanding the quality of life for someone in Baltimore, MD making $133,705 annually requires a closer look at various factors such as the cost of living, the housing market, access to healthcare, and the quality of K-12 schools. Here’s a breakdown of how these elements compare to the broader United States.
Cost of Living
- Overall Cost: Baltimore's cost of living is slightly above the national average.
- Groceries and Utilities: These essentials are moderately priced compared to national averages.
- Transportation & Other Essentials: Costs here align closely with those seen in other major U.S. cities.
Housing Market
- Median Home Price: As of recent data, the median home price in Baltimore is below the national average, offering more affordable options for purchasing a home.
- Renting: Rent prices in Baltimore are also competitive, making it an attractive option for those who prefer renting over buying.
- Real Estate Trends: The market has been relatively stable with a gradual increase in property values, which could be beneficial for long-term investment.
Quality of Life
- Entertainment & Leisure: Baltimore offers a rich array of cultural attractions, museums, parks, and a vibrant culinary scene which enhances the quality of life.
- Crime Rates: Some areas of Baltimore still face high crime rates, which could impact the perception of safety and overall living experience.
Access to Healthcare
- Healthcare Facilities: The city boasts several top-tier hospitals and medical centers, such as Johns Hopkins and the University of Maryland Medical Center.
- Healthcare Costs: While access to care is high, costs can be above average depending on insurance coverage and specific healthcare needs.
Quality of K-12 Schools
- Public Schools: Baltimore has a mix of well-performing public schools and others that might struggle with funding and resources.
- Private and Charter Schools: There are numerous private and charter schools available, offering more options for quality education.
- Educational Initiatives: Several programs are in place aiming to improve educational outcomes and resources for students.
Summary
For someone earning $133,705 annually, Baltimore presents a mixed but generally positive quality of life relative to its cost of living and housing options. The ability to purchase a home may be more accessible than in many other U.S. cities. While certain areas may be challenged by crime, the city has much to offer in terms of
