The 10 Richest Neighborhoods In Baltimore, MD For 2024

The richest Baltimore neighborhoods are Locust Point and Riverside for 2024 based on Saturday Night Science.

Richest Neighborhoods In Baltimore
Source: Public domain

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they aren’t made of ticky-tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Baltimore has to offer. Where houses go for over 1.97x the national median and household incomes are 2.77x the national median.

But where exactly in Baltimore do the richest of the rich people live? That would be Locust Point where the median income is a cool $152,420.

Here’s a look at the top 10 wealthiest neighborhoods in Baltimore out of 54 for 2024.

What’s the richest neighborhood to live in Baltimore for 2024? According to the most recent census data, Locust Point looks to be the richest Baltimore neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $999,712. And that, my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.

Find where your neighborhood ranks amongst the richest in Baltimore.

For more Baltimore reading, check out the best neighborhoods in Baltimore and the worst neighborhoods in Baltimore.

Or, for living around Baltimore, out the best Baltimore suburbs and the worst Baltimore suburbs.

Table Of Contents: Table | Methodology

Richst Neighborhoods In Baltimore For 2024 By Median Income

Rank Neighborhood Median Household Income
1 Locust Point $152,420
2 Riverside $120,970
3 Federal Hill $115,681
4 Canton $112,407
5 Inner Harbor $92,413
6 Highlandtown $89,525
7 Fells Point $87,578
8 Roland Parl-Homewood-Guilford $84,167
9 Greater Mount Washington $73,832
10 Chinquapin Park-Belvedere $70,719
11 Hunting Ridge $70,294
12 Howard Park $69,374
13 Cheswolde Area $65,849
14 Franklintown $62,936
15 Patterson Park East $60,368
16 Hamilton Area $60,103
17 Lower Northwood $59,910
18 Winsor Hills $56,919
19 Cedonia $53,446
20 Downtown $53,222
21 Orangeville $53,115
22 Hampden-Woodberry-Remington $52,030
23 Upper Northwood $50,794
24 Morrell Park $49,083
25 Charles Village $48,928
26 Belaire-Edison $47,827
27 Govans $46,558
28 Westgate $46,459
29 Glen-Fallstaff Area $43,823
30 Midway-Coldstream $43,227
31 Beechfielf-Irvington Area $41,675
32 Bayview Area $41,221
33 Berea Area $40,870
34 Brooklyn-Curtis Bay $40,238
35 Pimlico $38,938
36 Forest Park $37,680
37 Lakeland $37,668
38 Grove Park $37,438
39 Mondawin-Walbrook Area $37,432
40 Reservoir Hill-Bolton Hill Area $37,368
41 Park Heights $36,783
42 Pulaski $36,631
43 Jonestown $36,438
44 Greater Rosemont $35,059
45 Cherry Hill $32,463
46 Dundalk Cityside $31,725
47 Wakefield $31,211
48 Madison-Eastend $30,643
49 Greenmount East $28,740
50 Monument Street Area $28,677
51 Hopkins-Middle East $28,594
52 West Baltimore $28,589
53 Fairfield Area $26,718
54 Old Town Area $15,174

How We Determined The Wealthiest Neighborhoods In Baltimore For 2024

Every city has its best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Baltimore.

We ranked every neighborhood in Baltimore by median income from highest to lowest. The neighborhood with the highest median income, Locust Point, was named the wealthiest neighborhood in Baltimore.

The richest neighborhoods in Baltimore are Locust Point, Riverside, Federal Hill, Canton, Inner Harbor, Highlandtown, Fells Point, Roland Parl-Homewood-Guilford, Greater Mount Washington, and Chinquapin Park-Belvedere.

The poorest neighborhood? That would be Old Town Area.

The poorest neighborhoods in Baltimore are Old Town Area, Fairfield Area, West Baltimore, Hopkins-Middle East, and Monument Street Area.

We updated this article for 2024. This is our tenth time ranking the most affluent neighborhoods to live in Baltimore.

For more Maryland reading, check out:

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.