The Cost of Living in Highlandtown, Maryland
Located just east of Baltimore‘s downtown, Highlandtown, Maryland is a vibrant and diverse neighborhood in Baltimore City County. Known for its artsy vibe, friendly people, and historic charm, this area is perfect for those who enjoy city life with a friendly community feel. If you’re considering a move here, understanding the cost of living is important. Let’s break it down!
How Much Does Housing Cost in Highlandtown, Maryland?
Housing costs in Highlandtown are relatively affordable compared to other areas in Baltimore City. The average home price in this neighborhood is around $250,000, but prices can vary between $200,000 and $300,000+ depending on the size and location of the home.
Areas closer to Patterson Park tend to be slightly more expensive due to their proximity to green spaces and amenities. However, you’ll also find more affordable homes in other parts of the neighborhood.
Recently, homes in Highlandtown have been selling quickly, as the area continues to grow in popularity. If you’re curious about home values in Maryland, check out the Maryland Realtors website for more detailed stats.
How Much Does It Cost to Rent in Highlandtown, Maryland?
Renters in Highlandtown will find a wide range of options. The average monthly rent for a one-bedroom apartment is about $1,200. A two-bedroom rental might cost around $1,500, while larger homes for families could go for $2,000 or more.
The most popular rental areas are near Highlandtown’s arts and entertainment district, where you’ll find charming rowhouses and converted apartments. Over the years, rental prices have steadily risen due to increased demand and development in the area.
What Are the Utility Costs in Highlandtown, Maryland?
Utility costs can vary, but here’s a general idea of what you might spend monthly in Highlandtown:
- Electricity: Around $120
- Gas: Approximately $60
- Water and sewage: Close to $50
- Internet: About $70
The main utility providers in the area are:
- Baltimore Gas and Electric (BGE) for electricity and gas: Visit their website.
- Baltimore City Department of Public Works for water services: Visit their website.
For a complete list of local utility companies, visit the Maryland Public Service Commission.
What Are the Taxes Like in Highlandtown, Maryland?
Property taxes in Highlandtown are based on Baltimore City rates, which are about 2.24% of a property’s assessed value. For a home priced at $250,000, that’s approximately $5,600 annually.
The state income tax ranges from 2% to 5.75%, depending on income, and the sales tax is 6%. To learn more about taxes in Maryland, visit the Maryland Department of Assessments and Taxation.
What Are the Transportation Costs in Highlandtown, Maryland?
Transportation in Highlandtown is convenient and affordable. The Maryland Transit Administration (MTA) operates buses, light rail, and metro services. A one-way bus ticket costs $2, while a monthly pass is around $74.
Gas prices in Highlandtown are typically close to the national average, sitting at around $3.50 per gallon. Car insurance averages about $150 per month, depending on your provider and driving record.
How Much Do Groceries and Dining Out Cost in Highlandtown?
Grocery bills for a single person in Highlandtown average around $300 per month, while families may spend closer to $600.
Dining out offers a wide range of costs. A meal at a casual spot might cost $10-$15, while a fancier dinner could run about $50 per person. Local favorites include authentic Mexican, Italian, and American cuisine.
What Are the Entertainment and Leisure Costs in Highlandtown, Maryland?
Staying active in Highlandtown doesn’t have to break the bank. A gym membership costs about $30-$50 per month, and fitness classes can be as low as $15 per session.
The area is also known for its arts and cultural festivals, many of which are free or low-cost to attend. Additionally, local attractions, like Patterson Park, are free to explore.
Frequently Asked Questions About the Cost of Living in Highlandtown, Maryland
Is Highlandtown, Maryland an affordable place to live?
Yes! Compared to other neighborhoods in Baltimore, Highlandtown offers a mix of affordability and amenities, making it a great choice for many.
What is a good salary to live in Highlandtown, Maryland?
A salary of around $50,000-$60,000 annually should allow someone to live comfortably in Highlandtown, depending on personal spending habits.
How does the cost of living in Highlandtown, Maryland compare to other cities?
The cost of living in Highlandtown is lower than areas like Fells Point or Canton, but slightly higher than neighborhoods farther from downtown.
What is the most expensive neighborhood in Highlandtown, Maryland?
Homes near Patterson Park or the Highlandtown Arts District tend to be the priciest in the area.
What is the cheapest neighborhood in Highlandtown, Maryland?
Areas on the eastern edge of Highlandtown, closer to Greektown, generally have the most affordable housing options.
If you’re thinking about moving to Highlandtown, the cost of living here strikes a good balance between affordability and fun city living!
