Discretionary Income in Baltimore, MD in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Baltimore, MD is ranked 228th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Baltimore, MD
Gross Salary
$8,333
Taxes
$1,600
Cost of Living
$4,051
Discretionary Income
$2,683
With a gross annual salary of $100,000 in Baltimore, MD, you would need to deduct approximately $1,600 per month for taxes. Given that the average cost of living in Baltimore is $4,051, you would have around $2,683 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Baltimore, MD, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Baltimore, MD in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Baltimore, MD |
|---|---|
| $30,000 | -$1,814 |
| $40,000 | -$1,122 |
| $50,000 | -$431 |
| $60,000 | $249 |
| $70,000 | $858 |
| $80,000 | $1,466 |
| $90,000 | $2,074 |
| $100,000 | $2,683 |
| $110,000 | $3,290 |
| $120,000 | $3,881 |
| $130,000 | $4,473 |
| $140,000 | $5,065 |
| $150,000 | $5,656 |
| $175,000 | $7,115 |
| $200,000 | $8,546 |
| $250,000 | $11,117 |
| $300,000 | $13,575 |
| $350,000 | $16,034 |
| $400,000 | $18,492 |
| $450,000 | $20,950 |
| $500,000 | $23,409 |
Discretionary Income in Baltimore, MD in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Baltimore, MD is ranked 222nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Baltimore, MD
Gross Salary
$8,333
Taxes
$1,600
Cost of Living
$2,678
Discretionary Income
$4,055
With a gross annual salary of $100,000 in Baltimore, MD, a single person would need to deduct approximately $1,600 per month for taxes. Considering the average cost of living in Baltimore is $2,678, singles would have around $4,055 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Baltimore, MD, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Baltimore, MD in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Baltimore, MD |
|---|---|
| $30,000 | -$441 |
| $40,000 | $250 |
| $50,000 | $942 |
| $60,000 | $1,622 |
| $70,000 | $2,230 |
| $80,000 | $2,838 |
| $90,000 | $3,447 |
| $100,000 | $4,055 |
| $110,000 | $4,662 |
| $120,000 | $5,254 |
| $130,000 | $5,845 |
| $140,000 | $6,437 |
| $150,000 | $7,029 |
| $175,000 | $8,487 |
| $200,000 | $9,918 |
| $250,000 | $12,489 |
| $300,000 | $14,948 |
| $350,000 | $17,406 |
| $400,000 | $19,864 |
| $450,000 | $22,323 |
| $500,000 | $24,781 |
Discretionary Income in Baltimore, MD in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Baltimore, MD is ranked 229th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Baltimore, MD
Gross Salary
$8,333
Taxes
$1,600
Cost of Living
$4,051
Discretionary Income
$2,682
With a gross annual salary of $100,000 in Baltimore, MD, a couple would need to deduct approximately $1,600 per month for taxes. Considering the average cost of living in Baltimore is $4,051, couples would have around $2,682 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Baltimore, MD, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Baltimore, MD in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Baltimore, MD |
|---|---|
| $30,000 | -$1,814 |
| $40,000 | -$1,122 |
| $50,000 | -$431 |
| $60,000 | $249 |
| $70,000 | $857 |
| $80,000 | $1,466 |
| $90,000 | $2,074 |
| $100,000 | $2,682 |
| $110,000 | $3,289 |
| $120,000 | $3,881 |
| $130,000 | $4,473 |
| $140,000 | $5,064 |
| $150,000 | $5,656 |
| $175,000 | $7,114 |
| $200,000 | $8,546 |
| $250,000 | $11,117 |
| $300,000 | $13,575 |
| $350,000 | $16,033 |
| $400,000 | $18,426 |
| $450,000 | $20,801 |
| $500,000 | $23,176 |
Discretionary Income in Baltimore, MD in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Baltimore, MD is ranked 215th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Baltimore, MD
Gross Salary
$8,333
Taxes
$1,339
Cost of Living
$3,855
Discretionary Income
$3,140
With a gross annual salary of $100,000 in Baltimore, MD, a single parent would need to deduct approximately $1,339 per month for taxes. Considering the average cost of living in Baltimore is $3,855, single parents would have around $3,140 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Baltimore, MD, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Baltimore, MD in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Baltimore, MD |
|---|---|
| $30,000 | -$1,551 |
| $40,000 | -$849 |
| $50,000 | -$157 |
| $60,000 | $534 |
| $70,000 | $1,226 |
| $80,000 | $1,918 |
| $90,000 | $2,531 |
| $100,000 | $3,140 |
| $110,000 | $3,748 |
| $120,000 | $4,350 |
| $130,000 | $4,942 |
| $140,000 | $5,533 |
| $150,000 | $6,125 |
| $175,000 | $7,583 |
| $200,000 | $9,042 |
| $250,000 | $11,644 |
| $300,000 | $14,108 |
| $350,000 | $16,566 |
| $400,000 | $19,024 |
| $450,000 | $21,483 |
| $500,000 | $23,941 |
Discretionary Income in Baltimore, MD in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Baltimore, MD is ranked 243rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Baltimore, MD
Gross Salary
$8,333
Taxes
$1,098
Cost of Living
$5,619
Discretionary Income
$1,616
With a gross annual salary of $100,000 in Baltimore, MD, a family would need to deduct approximately $1,098 per month for taxes. Considering the average cost of living in Baltimore is $5,619, families would have around $1,616 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Baltimore, MD, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Baltimore, MD in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Baltimore, MD |
|---|---|
| $30,000 | -$3,258 |
| $40,000 | -$2,550 |
| $50,000 | -$1,842 |
| $60,000 | -$1,150 |
| $70,000 | -$459 |
| $80,000 | $233 |
| $90,000 | $925 |
| $100,000 | $1,616 |
| $110,000 | $2,308 |
| $120,000 | $2,976 |
| $130,000 | $3,584 |
| $140,000 | $4,193 |
| $150,000 | $4,801 |
| $175,000 | $6,322 |
| $200,000 | $7,843 |
| $250,000 | $10,811 |
| $300,000 | $13,728 |
| $350,000 | $16,644 |
| $400,000 | $19,507 |
| $450,000 | $22,090 |
| $500,000 | $24,649 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.