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Cost of living: Phoenix, AZ vs Baltimore, MD (2024)

Quick answer

Overall prices in the Phoenix, AZ metro were 103.3 vs 104.5 in Baltimore, MD in 2024 (US = 100), so Phoenix is 1.1% less expensive than Baltimore; housing rents differ by 3% (121.2 vs 118.2). A $75,000 income in Phoenix buys about what $75,850 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)PhoenixBaltimorePhoenix vs Baltimore
All items103.3104.5-1.1%
Goods95.0102.4-7.2%
Housing (rents)121.2118.2+2.6%
Utilities93.3110.2-15.3%
Other services104.0101.5+2.5%
All items, 2008105.7106.4-0.6%
$50,000 in Phoenix equals in Baltimore$50,567
$100,000 in Phoenix equals in Baltimore$101,133
$150,000 in Phoenix equals in Baltimore$151,700

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

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