Salary Needed to Live in Baltimore as a Family
A family of four (2 adults, 2 children) needs approximately $66,379/year to live comfortably in Baltimore, MD — including 15% savings.
Comfortable Salary
$66,379
with 15% savings
Bare Minimum
$52,550
no savings buffer
Monthly Expenses
$3,153
7% above national avg
Detailed Monthly Budget for a Family in Baltimore
| Expense | Baltimore | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $275 | $209 | +32% |
| 🛒 Groceries | $50 | $44 | +14% |
| ⚡ Utilities | $31 | $28 | +11% |
| 🚗 Transportation | $42 | $44 | -5% |
| 🛡️ Car Insurance | $192 | $229 | -16% |
| 🏥 Health Insurance | $47 | $58 | -19% |
| Childcare/After-school | $1,296 | $1,200 | +8% |
| Internet + Phones | $194 | $180 | +8% |
| Children Activities | $270 | $250 | +8% |
| Dining Out | $378 | $350 | +8% |
| School Supplies & Clothing | $216 | $200 | +8% |
| Healthcare Co-pays | $162 | $150 | +8% |
| Total Monthly | $3,153 | $2,942 | +7% |
How We Calculated the Salary
Monthly expenses:$3,153
Target savings (15%):$703/mo
Monthly after-tax needed:$3,856
Effective tax rate:28%
Gross annual salary needed:$66,379
Other Household Types in Baltimore
Related Pages
FAQ
What salary does a family with kids need in Baltimore?
A family with kids needs approximately $66,379/year ($5,532/month gross) to live comfortably in Baltimore with a 15% savings rate.
How much is rent for a family with kids in Baltimore?
A 3br apartment/house in Baltimore costs approximately $275/month, which is the largest single expense at 9% of the total budget.
Is Baltimore affordable for a family with kids?
Baltimore is roughly average for family with kids costs, requiring a salary close to the national median.