Baltimore City County · Maryland · South · 573k residents
Baltimore, MD: economy, jobs & business costs
The site-selection read on Baltimore: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,687/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Baltimore side by side
Avg. weekly wage
$1,687/wk
Corporate income tax
8.25%
Bachelor's degree or higher
36.1%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Baltimore's economy is moving, ranked against the US cities we track.
24/100
Cooling
Ranks Baltimore's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $220,000 |
| Price per sq. ft. | $170 |
| Property tax rate | 2% |
| 1-bedroom rent | $1,400/mo |
| 2-bedroom rent | $1,700/mo |
| State & local income tax | 7.6% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,687/wk |
| Bachelor's degree or higher | 36.1% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 27.0/1k |
| Wage: Software developer | $138,680 |
| Wage: Registered nurse | $99,790 |
| Wage: General manager | $117,930 |
| Wage: Customer service | $42,830 |
| Wage: Warehouse worker | $37,690 |
| Wage: Heavy truck driver | $59,360 |
| Wage: Electrician | $73,490 |
| Wage: Retail salesperson | $35,510 |
| Cost of living index | 99 |
| Groceries index | 103 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,500/mo |
| Median household income | $59,000 |
| Unemployment rate | 4.5% |
| Population | 573k |
| Crime index | 62/100 |
| School rating | 5.0/10 |
| Walkability | 66/100 |
| Disaster risk | 95/100 |
| Avg. commute | 30 min |
| Sunny days / year | 213 days |
| July high | 90°F |
| January low | 30°F |
| Annual snowfall | — |
| Home price YoY | -1.8% |
| Home price MoM | -0.6% |
| Rent YoY | +1.8% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | -57.3% |
| Ocean coast | 92 mi |
| Big lake | 203 mi |
| Mountains | 106 mi |
| Major airport | 8 mi |
| Ski resort | 129 mi |
Popular comparisons
Nearby
- Arbutus, MD · 23k
- Brooklyn Park, MD · 16k
- Catonsville, MD · 43k
- Lochearn, MD · 27k
- Dundalk, MD · 66k
Similar size
- Columbia, MD · 104k
- Germantown, MD · 91k
- Frederick, MD · 83k
- Waldorf, MD · 83k
- Silver Spring, MD · 81k
Real listings in Baltimore
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Baltimore a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,687/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Baltimore, MD?
- Baltimore indexes at 99 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,700/mo and a median home value of $220,000.
- How much does a house cost in Baltimore?
- The median home value in Baltimore is $220,000 (compiled estimate; individual listings vary).
- How much is rent in Baltimore?
- A two-bedroom in Baltimore rents for about $1,700/mo.