Quality of Life in Baltimore, MD for a High-Income Earner

Income Overview

• Annual income: $348,840
• Significantly above the median household income of Baltimore and the national average
• Affords a comfortable lifestyle with ample discretionary spending

Cost of Living

General Overview

• Baltimore vs. National Average: Baltimore's overall cost of living is slightly higher than the national average but more affordable compared to cities like New York or San Francisco.

Breakdown by Category

• Housing: Typically the largest expense, with varying costs depending on the neighborhood.
• Transportation: Relatively affordable, with good public transport options and lower-than-average gasoline prices.
• Groceries and Dining: Fairly aligned with national costs, offering a range of options from budget-friendly to upscale dining.
• Utilities: Comparable to national averages, with potential savings through energy efficiency programs.

Housing Market

Market Overview

• Median home price: Approximately $225,000, lower than the national median.
• A high-income of $348,840 allows for homeownership in desirable neighborhoods with access to larger properties or luxury homes.

Neighborhood Insights

• Fells Point and Federal Hill: Popular areas with historic charm and vibrant nightlife.
• Canton: Known for its waterfront properties and community feel.
• Roland Park: Offers suburban tranquility with larger family homes.

Quality of Life

Lifestyle Opportunities

• Cultural Scene: Rich in arts, music, and entertainment, bolstered by historic venues and modern attractions.
• Outdoor Activities: Access to numerous parks, trails, and the Inner Harbor for recreation.
• Dining and Shopping: Diverse culinary scene and vibrant shopping districts to suit various tastes and preferences.

Access to Healthcare

Healthcare Quality

• Facilities: Home to renowned institutions like Johns Hopkins Hospital and University of Maryland Medical Center.
• Availability: High-quality medical facilities offer excellent care, with a wide availability of specialists and general practitioners.
• Insurance: Access to a range of health insurance plans to cover various needs.

Quality of K-12 Schools

Educational Landscape

• Public Schools: Mixed performance; some highly-rated schools but overall variability.
• Private and Charter Options: Numerous well-regarded private schools and charter options provide alternatives for quality education.
• Extracurricular Opportunities: