The True Cost Of Living In Belair-Edison, Maryland

How Much Does It Cost to Live in Belair-Edison, Maryland?

Belair-Edison is a neighborhood in Baltimore, Maryland, located in the eastern part of the city. This community is known for its tree-lined streets, historic row homes, and proximity to Herring Run Park. With a mix of homeowners and renters, Belair-Edison offers affordability and convenience. It’s a great option for people looking for a residential area with easy access to downtown Baltimore. Whether you're a first-time homebuyer or searching for a rental, understanding the cost of living can help you plan your move.

How Much Does Housing Cost in Belair-Edison, Maryland?

The average home price in Belair-Edison is around $165,000. Row homes are the most common housing type in this area, with two- to three-bedroom properties typically costing between $140,000 and $180,000. Larger homes or recently renovated properties can reach $200,000 or more.

Certain parts of Belair-Edison have higher home prices, especially areas near Herring Run Park, while homes in need of updates are often more affordable. In recent years, home prices have been rising due to increased interest from buyers looking for budget-friendly options close to Baltimore’s city center.

For more details on home values in Maryland, visit Maryland Realtors.

How Much Does It Cost to Rent in Belair-Edison, Maryland?

Rent prices in Belair-Edison vary based on the size and condition of the home. On average:

A one-bedroom apartment costs about $1,100 per month.
A two-bedroom rental averages $1,300 per month.
A three-bedroom home or townhouse rents for around $1,500 per month.

Many of the rental options in Belair-Edison consist of row homes and smaller apartment units. Rental prices have been rising slightly in recent years as more people look for affordable housing near Baltimore.

What Are the Utility Costs in Belair-Edison, Maryland?

Utility costs in Belair-Edison are similar to the rest of Baltimore. Here’s what you might expect to pay each month:

Electricity: About $130-$180, depending on usage and season.
Gas: Around $100-$150 per month.
Water & Sewer: Typically $60-$80 per month.
Internet: Around $60-$100, depending on the provider and speed.

Main utility providers in Belair-Edison include:

Electricity & Gas: Baltimore Gas and Electric (BGE)
Water & Sewer: Managed by Baltimore City Department of Public Works
Internet: Popular providers include Xfinity and Verizon

For more details on utility services, visit the Maryland Public Service Commission.

What Are the Taxes Like in Belair-Edison, Maryland?

Taxes are an important part of the cost of living in Belair-Edison. Here's what you should know:

Property Tax: The property tax rate in Baltimore City is 2.248% of a home's assessed value.
State Income Tax: Maryland has a state income tax ranging from 2% to 5.75%, depending on income level.
Sales Tax: The general sales tax in Maryland is 6%.

For more tax information, visit the Maryland Department of Assessments and Taxation.

What Are the Transportation Costs in Belair-Edison, Maryland?

Public transportation in Belair-Edison is affordable and easily accessible.

Bus Service: Maryland Transit Administration (MTA) operates bus routes through the neighborhood, with fares starting at $2 per ride.
Light Rail & Metro: The metro subway and light rail provide service to downtown Baltimore and beyond, with monthly passes available for about $77.
Gas Prices: The average gas price in Baltimore is around $3.50 per gallon.
Car Insurance: Drivers in Belair-Edison typically pay between $120 and $180 per month for car insurance, depending on coverage.

How Much Do Groceries and Dining Out Cost in Belair-Edison?

Grocery costs in Belair-Edison are on par with the Baltimore area. A family of four can expect to spend about $600-$800 per month on groceries. Local grocery stores include Giant, Save-A-Lot, and Aldi.

Dining out is also affordable. Here’s what you can expect:

A meal at a casual restaurant: $12-$20 per person
Fast food meal: $8-$12 per person
A family dinner at a sit-down restaurant: $40-$60

What Are the Entertainment and Leisure Costs in Belair-Edison, Maryland?

Residents have access to many affordable entertainment options.

Gym Memberships: Monthly memberships at fitness centers cost around $30-$50.
Local Events & Activities: Many free or low-cost events happen in and around the neighborhood, especially at Herring Run Park.
Attractions: The Maryland Zoo, Inner Harbor, and local museums have entrance fees from $15-$30 per person.

Frequently Asked Questions About the Cost of Living in Belair-Edison, Maryland

Q: Is Belair-Edison, Maryland an affordable place to live?

A: Yes, Belair-Edison is one of the more affordable neighborhoods in Baltimore. Home prices and rent are lower than many other areas in the city, making it a great option for budget-conscious residents.

Q: What is a good salary to live in Belair-Edison, Maryland?

A: A salary of $50,000-$70,000 per year is generally enough to live comfortably in Belair-Edison, covering housing, utilities, groceries, and other expenses.

Q: How does the cost of living in Belair-Edison, Maryland compare to other cities?

A: The cost of living in Belair-Edison is lower than other areas of Baltimore, such as Canton or Federal Hill, but slightly higher than some suburbs outside the city.