Baltimore, MD
Population 577,193 · Maryland
About Baltimore, MD
Baltimore is a major city located in Maryland with a population of 577,193 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,623 per year, which is 21% below the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Baltimore features a median home value of $219,300, which is 10% below the national median of $244,900. This positions Baltimore in a moderately priced market relative to the rest of the country. Median monthly rent is $1,290, 11% above the national average of $1,163/month. Of the 293,631 total housing units, 48% are owner-occupied (119,077 units) and 52% are renter-occupied (131,531 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Baltimore shows an unemployment rate of 6.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.1%, above the national average of 12.4%. Workers in Baltimore have an average one-way commute time of 29.4 minutes.
Education & Demographics
35.4% of Baltimore residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.6% White, 1.3% Hispanic or Latino, 1.0% Black or African American, and 4.8% Asian residents, with 8.8% of the population being foreign-born.
How Baltimore Ranks in Maryland
Cost of Living in Baltimore, MD
Compared to national averages, Baltimore has a median household income of $59,623 (21% below the national median of $75,149). Home values average $219,300, which is 10% below the national median. Monthly rent at $1,290 is 11% above the US average of $1,163. Within Maryland, Baltimore's income is 45% below the state average of $107,956, and home values are 46% below the state median of $402,447.
Why Live in Baltimore, MD?
Baltimore offers affordable housing with a median home value of $219,300, below the US average of $244,900, and a well-educated community where 35.4% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($59,623) that falls below the national average. However, as a major city, Baltimore provides access to a wide range of amenities and services.
Baltimore has a population of 577,193 with a median age of 36.1 years. Compare Baltimore with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Baltimore
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Columbia | 105,871 | $129,173 | $480,300 | Compare |
| Germantown | 90,521 | $112,149 | $401,400 | Compare |
| Waldorf | 82,541 | $115,453 | $383,100 | Compare |
| Silver Spring | 82,129 | $98,880 | $619,400 | Compare |
| Frederick | 80,617 | $95,150 | $365,200 | Compare |
| Ellicott City | 73,737 | $157,891 | $644,300 | Compare |
| Glen Burnie | 72,772 | $88,291 | $329,200 | Compare |
| Gaithersburg | 69,225 | $107,496 | $484,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Baltimore With Other Cities
Frequently Asked Questions about Baltimore
What is the population of Baltimore, MD?
The population of Baltimore, MD is 577,193 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Maryland.
What is the median household income in Baltimore?
The median household income in Baltimore, MD is $59,623 per year, which is 21% below the national median of $75,149.
What is the median home value in Baltimore?
The median home value in Baltimore, MD is $219,300, which is 10% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Baltimore?
The median monthly rent in Baltimore, MD is $1,290, which is 11% above the national average of $1,163/month.
What is the unemployment rate in Baltimore?
The unemployment rate in Baltimore, MD is 6.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Baltimore, MD a good place to live?
Baltimore offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 577,193 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Baltimore, MD?
35.4% of residents in Baltimore aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Baltimore?
Key cost-of-living indicators for Baltimore, MD: median home value is $219,300 (10% below national), median rent is $1,290/month, and median household income is $59,623. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Baltimore?
The poverty rate in Baltimore, MD is 20.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Baltimore, MD?
Baltimore's population is 1.6% White, 1.3% Hispanic or Latino, 1.0% Black or African American, 4.8% Asian, and 59.3% two or more races. 8.8% of residents are foreign-born.