Recommended Salary in Baltimore To live comfortably in a one-bedroom apartment in Baltimore, you should shoot for an income of at least $64,548 a year or $31.03 an hour. For a two-bedroom apartment, youll need to earn at least $60,804 a year or $29.23 an hour.

What salary do you need to live in Baltimore?

Typical Expenses1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenOther$2,875$6,216Required annual income after taxes$26,741$58,820Annual taxes$6,215$13,5947 more rows

What is the lowest salary in Maryland?

As of January 1, 2020, the minimum wage in Maryland for most workers is $11 an hour, while the federally-mandated minimum wage remains at $7.25 an hour. For tipped employees, the Maryland minimum cash-wage is $3.63 an hour, though this amount plus tips must at least equal Marylands Minimum Wage Rate.

Why are homes so expensive in Maryland?

Rising construction costs, strict regulatory requirements, a lack of higher-density zoning, and little political support for development “create uncertainty and drive up the cost to build affordable and market-rate homes, with builders passing along these higher costs to Marylanders seeking to rent or buy a home in the

Is Baltimore cheaper than New York?

The cost of living in Baltimore, MD is -38.6% lower than in New York, NY. You would have to earn a salary of $36,862 to maintain your current standard of living. Employers in Baltimore, MD typically pay -14.5% less than employers in New York, NY.