Median rent is 25% lower in Baltimore ($1,331/mo vs $1,764/mo). Buying is cheaper in Baltimore, where the median home runs $229,600 versus $469,000. Households earn more in Towson ($101,320 vs $62,177 a year). Overall, the two cities have a nearly identical cost of living index (103.2).
City A
Baltimore, MD
City B
Towson, MD
How much would you need to earn in Towson, MD to maintain your standard of living from Baltimore, MD?
Equivalent salary in Towson, MD
$75,000
Costs are about the same in both cities.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Baltimore
Maryland
Towson
Maryland
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Baltimore — median rent of $1,331/mo versus $1,764/mo in Towson, a 25% difference. Home buyers face a steeper market in Towson: the median home is $469,000 versus $229,600 in Baltimore — 51% more expensive.
Metric
Baltimore
Towson
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Baltimore
Income tax: N/A
Sales tax: N/A
Towson
Income tax: N/A
Sales tax: N/A
Air quality data is available for Baltimore (avg AQI 25.0) but not yet for Towson.
Pick Towson if you prioritize higher median household income ($101,320/yr).
Pick Baltimore if you prioritize cheaper rent ($1,331/mo median).
Baltimore is cheaper overall, with a cost of living index of 103.2 versus 103.2 (US average = 100). That means prices run about 0% lower in Baltimore.
Median rent is $1,331/mo in Baltimore, MD and $1,764/mo in Towson, MD. Baltimore, MD has the lower rent by about 25%.
Median household income is $62,177 in Baltimore, MD and $101,320 in Towson, MD. Towson, MD has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Baltimore, MD is equivalent to roughly $100,000 in Towson, MD (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
