Cost of living in Baltimore Highlands research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Baltimore Highlands is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Baltimore Highlands is 103, with 100 being the average.
The cost of living index in Baltimore Highlands is 1.0x higher than the national average.
Baltimore Highlands ranks as the #14 cheapest in Maryland out of 188.
Baltimore Highlands ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Baltimore Highlands is $206,200.
The median income in Baltimore Highlands is $56,471.
According to the most recent data on the cost of living, Baltimore Highlands has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Maryland, Baltimore Highlands has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Baltimore Highlands ranks as #14 most affordable out of the 188 places we measured in Maryland. By definition, that implies Baltimore Highlands ranks as the #174 most expensive place in the Old Line State.
For more reading on life in Baltimore Highlands, check out:
Six factors go into calculating the cost of living index in Baltimore Highlands. Here is how it fairs on each of the criteria:
The Services index in Baltimore Highlands is 107.
The Groceries index in Baltimore Highlands is 115.
The Health index in Baltimore Highlands is 84.
The Housing index in Baltimore Highlands is 100.
The Transportation index in Baltimore Highlands is 103.
The Utilities index in Baltimore Highlands is 104.
|Living Expense||Baltimore Highlands||Maryland||National Average|
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Baltimore Highlands is $206,200.
The Median Rent in Baltimore Highlands is $1,160.
The Median Income in Baltimore Highlands is $56,471.
The Home Value To Income in Baltimore Highlands is 3.7x.
The Rent To Monthly Income in Baltimore Highlands is 0.25x.
|Statistic||Baltimore Highlands||Maryland||United States|
|Median Home Value||$206,200||$338,500||$244,900|
|Home Value To Income||3.7x||3.7x||3.5x|
|Rent To Monthly Income||0.25x||0.19x||0.2x|
The cost of living varies in the cities and towns around Baltimore Highlands. Here's a quick look at the cost of living in the most populous nearby places:
Baltimore, MD has a cost of living index of 101, 1.0x Baltimore Highlands.
Columbia, MD has a cost of living index of 129, 1.3x Baltimore Highlands.
Glen Burnie, MD has a cost of living index of 112, 1.1x Baltimore Highlands.
|City||Population||Cost Of Living||Vs. Baltimore Highlands|
|Glen Burnie, MD||69,739||112||1.1x|
|Severna Park, MD||39,108||146||1.4x|
|North Laurel, MD||24,233||129||1.3x|