Quality of Life in Baltimore, MD on a $111,860 Salary

Cost of Living

• Overall Cost Index: Baltimore’s cost of living index is slightly above the national average.
  • Goods and Services: Prices are relatively comparable to the national average.
  • Utilities: Costs for utilities such as electricity and water are approximately on par with other similar cities.

Housing Market

• Median Home Price: The median home price in Baltimore is lower than the national average, making home ownership more accessible.
• Rental Costs: Rental prices for apartments are moderate, with options varying widely across different neighborhoods.

Quality of Life

• Income Evaluation: A salary of $111,860 provides a comfortable lifestyle, allowing for discretionary spending and savings.
• Transportation: Public transportation is available, though commuting by car can be common due to suburban development patterns.

Access to Healthcare

• Healthcare Services: Baltimore boasts several top-ranked hospitals, including Johns Hopkins. Access to quality healthcare is generally excellent.
• Insurance Costs: Health insurance premiums are consistent with national averages, with many options available.

Quality of K-12 Schools

• Public Schools: The quality of K-12 education varies significantly by neighborhood. Some areas have exceptional public schools, while others may underperform.
• Private Education: Numerous private schooling options provide alternative choices for families seeking different educational settings.

Summary

Living in Baltimore, MD, on a $111,860 salary offers a solid quality of life with access to affordable housing and moderate living costs. The city provides excellent healthcare facilities and diverse educational opportunities, though the variability in public school quality may influence residential choices. Baltimore's unique blend of urban amenities and accessible suburban living presents a balanced lifestyle option for individuals and families alike.