A+
19%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
72%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Monument Street Area Baltimore Maryland
Cost of living81102119
Goods & Services103103106
Groceries105105106
Health care989897
Housing2898150
Transportation10110198
Utilities111111111
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Cost Of Living Quick Facts

  • The cost of living in Monument Street Area is 32% lower than the Baltimore average
  • The cost of living in Monument Street Area is 19% lower than the national average
  • Monument Street Area housing is 72% lower than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Monument Street Area

20 km
10 mi
Monument Street Area Your current location Population: 3,168 A+ Pulaski Neighborhood: 0.8mi / 1.3km away Population: 475 A+ Old Town Area Neighborhood: 2.8mi / 4.5km away Population: 7,411 A+ Fairfield Area Neighborhood: 5.2mi / 8.3km away Population: 436 A+ Greenmount East Neighborhood: 2.3mi / 3.7km away Population: 11,041 A+ Berea Area Neighborhood: 1.7mi / 2.7km away Population: 5,628 A+ Orangeville Neighborhood: 0.4mi / 0.7km away Population: 1,174 A+ Dundalk Cityside Neighborhood: 3.6mi / 5.8km away Population: 2,359 A+ Cherry Hill Neighborhood: 5.4mi / 8.7km away Population: 6,850 A+ Madison-Eastend Neighborhood: 1.4mi / 2.2km away Population: 4,383 A+ Brooklyn-Curtis Bay Neighborhood: 6.0mi / 9.7km away Population: 13,252 A+ West Baltimore Neighborhood: 5.0mi / 8.1km away Population: 52,160 A+ Beechfielf-Irvington Area Neighborhood: 6.8mi / 11.0km away Population: 13,570 A+ Greater Rosemont Neighborhood: 6.0mi / 9.6km away Population: 18,664 A+ Midway-Coldstream Neighborhood: 2.1mi / 3.5km away Population: 10,629 A+ Lakeland Neighborhood: 6.0mi / 9.6km away Population: 3,582 A+ Morrell Park Neighborhood: 6.4mi / 10.3km away Population: 4,180 A+ Park Heights Neighborhood: 6.8mi / 10.9km away Population: 33,761 A+ Hopkins-Middle East Neighborhood: 2.1mi / 3.4km away Population: 7,746 A+ Bayview Area Neighborhood: 1.7mi / 2.7km away Population: 8,018 A+ Pimlico Neighborhood: 7.2mi / 11.7km away Population: 5,819 A+ Belaire-Edison Neighborhood: 1.1mi / 1.8km away Population: 20,778 A+ Mondawin-Walbrook Area Neighborhood: 5.7mi / 9.2km away Population: 11,912 A+ Grove Park Neighborhood: 8.3mi / 13.3km away Population: 1,684 A+ Cedonia Neighborhood: 1.2mi / 2.0km away Population: 2,695 A Govans Neighborhood: 3.4mi / 5.5km away Population: 13,401 A
See all the best places to live around Monument Street Area

Compare Baltimore, MD Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Household$28,677$2,390$669$860

          Maryland Sales Tax

          State General Sales Tax With Max Surtax
          Maryland 6% 6%

          Maryland Income Tax

          State Income Tax (Low) Income Tax (High)
          Maryland 2% 5.75%

          Goods & Services

          Item Baltimore National avg. Difference
          Haircut $28.33$24.2616.8%
          Beauty Salon $58.17$45.5627.7%
          Toothpaste $3.69$3.700.3%
          Shampoo $1.44$1.2812.7%
          Movie $13.69$12.1312.9%
          Bowling $23.03$18.0027.9%

          Groceries

          Item Baltimore National avg. Difference
          Ground Beef $6.23$5.846.7%
          Fried Chicken $1.39$1.5711.4%
          Milk $4.73$4.671.2%
          Potatoes $5.46$4.9310.7%
          Pizza $13.24$12.099.5%
          Beer $10.36$10.410.5%

          Health Care

          Item Baltimore National avg. Difference
          Optometrist $114.22$125.689.1%
          Doctor $133.22$135.781.9%
          Dentist $117.22$113.293.5%
          Ibuprofen $11.10$10.654.2%
          Lipitor $401.39$468.6014.3%

          Housing

          Item Baltimore National avg. Difference
          Home Price $167,300.00$184,700.009.4%
          Avg. Mortgage Payment $1,906.29$2,346.6918.8%
          Apartment Rent $1,094.00$949.0015.3%

          Transportation

          Item Baltimore National avg. Difference
          Gasoline $3.46$3.460.1%
          Tire Balancing $62.66$59.924.6%

          Utilities

          Item Baltimore National avg. Difference
          All Electricity $223.91$193.9915.4%
          Phone $199.62$192.253.8%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Dundalk, MD63,8261021.7%
          Lansdowne, MD8,6351022.4%
          Edgewood, MD25,0651054.8%
          Essex, MD39,3071055.5%
          Baltimore Highlands, MD7,8801077.1%
          Baltimore, MD602,2741022.1%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Milwaukee, WI592,649936.5%
          Louisville, KY618,733973.3%
          Albuquerque, NM560,4471000.2%
          Surrey, BC560,150n/a 
          Las Vegas, NV644,5941099.3%
          Baltimore, MD602,2741022.1%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.