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Cost of living: Philadelphia, PA vs Baltimore, MD (2024)

Quick answer

Overall prices in the Philadelphia, PA metro were 102.6 vs 104.5 in Baltimore, MD in 2024 (US = 100), so Philadelphia is 1.8% less expensive than Baltimore; housing rents differ by 4% (113.1 vs 118.2). A $75,000 income in Philadelphia buys about what $76,414 buys in Baltimore, 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)PhiladelphiaBaltimorePhiladelphia vs Baltimore
All items102.6104.5-1.8%
Goods96.8102.4-5.4%
Housing (rents)113.1118.2-4.3%
Utilities114.4110.2+3.8%
Other services103.1101.5+1.5%
All items, 2008106.4106.4+0.1%
$50,000 in Philadelphia equals in Baltimore$50,942
$100,000 in Philadelphia equals in Baltimore$101,885
$150,000 in Philadelphia equals in Baltimore$152,827

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

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