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Cost of living: Baltimore, MD vs Charlotte, NC (2024)

Quick answer

Overall prices in the Baltimore, MD metro were 104.5 vs 97.3 in Charlotte, NC in 2024 (US = 100), so Baltimore is 7.3% more expensive than Charlotte; housing rents differ by 21% (118.2 vs 97.6). A $75,000 income in Baltimore buys about what $69,876 buys in Charlotte, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)BaltimoreCharlotteBaltimore vs Charlotte
All items104.597.3+7.3%
Goods102.496.6+6.0%
Housing (rents)118.297.6+21.1%
Utilities110.289.2+23.6%
Other services101.598.2+3.4%
All items, 2008106.495.3+11.6%
$50,000 in Baltimore equals in Charlotte$46,584
$100,000 in Baltimore equals in Charlotte$93,168
$150,000 in Baltimore equals in Charlotte$139,751

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Last updated 2026-10-16. Data only, not financial or tax advice.

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