Quality of Life Assessment: Baltimore, MD

Income Overview

• Annual income considered: $221,170
• This income places the individual or household well above the median income level both locally in Baltimore and nationally in the United States.

Cost of Living in Baltimore

• Overall Cost of Living: Slightly above the national average.
• Groceries and Transportation: Prices are comparable to the national average.
• Utilities and Healthcare: Costs are somewhat higher due to regional factors.

Housing Market

• Median Home Price: As of the latest data, around $285,000, which is lower than the national median of approximately $428,700.
• Affordability: With a high annual income, a person could comfortably afford a home, even accommodating for property taxes and maintenance.

Quality of Life

• Safety: Baltimore has ongoing challenges with crime in certain areas, which could affect residential preference and lifestyle.
• Employment Opportunities: A robust job market in key sectors like healthcare, tech, and education.
• Cultural Amenities: Rich cultural scene with renowned dining, art galleries, and sports events.

Access to Healthcare

• Availability: Access to premier medical institutions like Johns Hopkins Hospital ensures comprehensive health services.
• Insurance: Higher income allows for choosing premium health insurance plans, increasing quality of care and reducing out-of-pocket expenses.

Quality of K-12 Schools

• Public Schools: Varies widely; some schools are nationally recognized, while others face challenges.
• Private and Charter Options: Numerous alternatives are available, with many high-quality private and charter schools that cater to diverse educational needs.

Summary

Living in Baltimore on a $221,170 annual income provides a high standard of living given the moderate cost of housing and the availability of diverse amenities. Although the overall cost of living is slightly above average, the income level allows for a comfortable lifestyle, with significant advantages in housing affordability and access to quality healthcare. The educational landscape offers varied options, ensuring access to quality K-12 schooling. However, attention should be paid to neighborhood safety and school quality when considering residence and schooling options.