How much do households in the Baltimore, MD area spend on rent?
Data updated September 16, 2024
About $1.49K, or 32.5% of their income, in 2018–2022. This is measured by comparing median rent and median monthly income for renting households.
Showing data for
In 2018–2022, median rent was
32.5%
of median income
In 2018–2022,
$1.49K
was the median rent per month
Comparing rent to renter income provides one measure of rental affordability.
Baltimore, MD area’s median rent was about $1.49K per month in 2018–2022. Typical monthly income among renting households was about $4.59K per month during that same period.
A typical household spent about $1.49K on rent in the Baltimore, MD area.
Median rent and median renter household income, 2018–2022
Dividing rent by income provides what is called a rent-to-income ratio. A higher ratio of rent-to-income indicates rent is less affordable while a lower ratio indicates greater affordability.
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The Department of Housing and Urban Development considers households with a rent-to-income ratio of more than 30%, that is, households that spend more than 30% of their income on housing, to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings. When median monthly rent is more than 30% of median monthly income, it means a typical household would meet the definition of housing cost-burdened.
Baltimore, MD area's rent-to-income ratio ranked 2 out of 5 Maryland metros.
Ratio of median rent to median renter household income, 2018–2022
Compared to other metro areas in Maryland, the Baltimore, MD area had the second highest median rent and second highest median renter-household income. Out of the five metros in the state, Baltimore, MD area’s rent-to-income ratio ranked fourth lowest.
The large metro average rent-to-income ratio was 31.4%.
Ratio of median rent to median renter household income, 2018–2022
The Baltimore, MD area is classified as a large metro. Large metros had over 1 million people. Compared to other large metros, the Baltimore, MD area’s rent-to-income ratio was higher than is typical. The average among large metros was 31.4% in 2018–2022. This was 1.1 percentage points lower than in the Baltimore, MD area.
Renter income and rent, large metro areas (2018–2022)
| 1. | Atlanta, GA area | $4,480 |
| 2. | Baltimore, MD area | $4,588 |
| 3. | Birmingham, AL area | $3,306 |
| 4. | Boston, MA area | $5,388 |
| 5. | Buffalo, NY area | $3,131 |
| 6. | Charlotte, NC area | $4,307 |
| 7. | Cincinnati, OH area | $3,462 |
| 8. | Cleveland, OH area | $3,222 |
| 9. | Columbus, OH area | $4,100 |
| 10. | Dallas, TX area | $4,738 |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
United States Census Bureau
Population Estimates Program and 2 others
