The 10 Cheapest Baltimore, MD Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Baltimore are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Baltimore.
Cheapest Neighborhoods In Baltimore

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Baltimore might be more expensive than living in rural Maryland, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Baltimore neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Baltimore are the cheapest.

What’s the cheapest neighborhood to live in Baltimore for 2020? According to the most recent census data, Fairfield Area looks to be the cheaptest Baltimore neighborhood to live in.

At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Baltimore. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Baltimore that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Baltimore.

Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Maryland reading, check out:

How We Determined The Cheapest Baltimore Hoods In 2020

In order to rank the cheapest places to live in Baltimore, we had to determine what criteria defines “cheap”.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 54 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the “Cheapest City Neighborhood In Baltimore.” We’re lookin’ at you, Fairfield Area.

Read on below to learn more about what it’s like to live in the cheapest places Baltimore. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

The 10 Cheapest Neighborhoods To Live In Baltimore For 2020

Overall SnackAbility

1
/10

Population: 530
Cost Of Living Index: 80 (1st cheapest)
Home Value To Income Ratio: 0.9 (2nd cheapest)
Rent To Income Ratio: 0.011 (3rd cheapest)
More on Fairfield Area: Homes For Sale | Data

The median income in Fairfield Area comes in at $29,271 and the median home value is $26,633 for 2020.

Overall SnackAbility

3
/10

Population: 475
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 1.1 (4th cheapest)
Rent To Income Ratio: 0.009 (2nd cheapest)
More on Pulaski: Homes For Sale | Data

The median income in Pulaski comes in at $36,631 and the median home value is $41,800 for 2020.

Overall SnackAbility

4
/10

Population: 5,628
Cost Of Living Index: 87 (6th cheapest)
Home Value To Income Ratio: 1.6 (5th cheapest)
Rent To Income Ratio: 0.016 (17th cheapest)
More on Berea Area: Homes For Sale | Data

The median income in Berea Area comes in at $40,870 and the median home value is $65,593 for 2020.

Overall SnackAbility

5
/10

Population: 6,288
Cost Of Living Index: 91 (16th cheapest)
Home Value To Income Ratio: 2.1 (11th cheapest)
Rent To Income Ratio: 0.014 (11th cheapest)
More on Lakeland: Homes For Sale | Data

The median income in Lakeland comes in at $45,877 and the median home value is $94,911 for 2020.

Overall SnackAbility

5
/10

Population: 10,629
Cost Of Living Index: 90 (13th cheapest)
Home Value To Income Ratio: 2.1 (13th cheapest)
Rent To Income Ratio: 0.016 (18th cheapest)
More on Midway-Coldstream: Homes For Sale | Data

The median income in Midway-Coldstream comes in at $43,227 and the median home value is $90,588 for 2020.

Overall SnackAbility

3
/10

Population: 3,168
Cost Of Living Index: 82 (4th cheapest)
Home Value To Income Ratio: 0.5 (1st cheapest)
Rent To Income Ratio: 0.025 (45th cheapest)
More on Monument Street Area: Homes For Sale | Data

The median income in Monument Street Area comes in at $28,677 and the median home value is $14,650 for 2020.

Overall SnackAbility

4
/10

Population: 6,002
Cost Of Living Index: 91 (16th cheapest)
Home Value To Income Ratio: 2.7 (28th cheapest)
Rent To Income Ratio: 0.012 (6th cheapest)
More on Morrell Park: Homes For Sale | Data

The median income in Morrell Park comes in at $41,419 and the median home value is $112,870 for 2020.

Brooklyn-Curtis Bay Baltimore, MD

Overall SnackAbility

4
/10

Population: 13,252
Cost Of Living Index: 90 (13th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.02 (32nd cheapest)
More on Brooklyn-Curtis Bay: Homes For Sale | Data

The residential community of Curtis Bay is along three major north-south thoroughfares of Curtis Avenue, Pennington Avenue and residential Fairhaven Avenue and a partial street of Prudence Street. Running west to east are fifteen smaller residential streets named alphabetically for various types of trees. “The Bay”, as it is often called colloquially, also offers a variety of housing, townhouses, rowhouses, individual homes, and corner stores, taverns/bars.

The median income in Brooklyn-Curtis Bay comes in at $40,238 and the median home value is $75,582 for 2020.

Overall SnackAbility

5
/10

Population: 13,570
Cost Of Living Index: 90 (13th cheapest)
Home Value To Income Ratio: 2.0 (10th cheapest)
Rent To Income Ratio: 0.018 (30th cheapest)
More on Beechfielf-Irvington Area: Homes For Sale | Data

The median income in Beechfielf-Irvington Area comes in at $41,675 and the median home value is $83,969 for 2020.

Overall SnackAbility

6
/10

Population: 7,411
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 3.4 (44th cheapest)
Rent To Income Ratio: 0.013 (8th cheapest)
More on Old Town Area: Homes For Sale | Data

The median income in Old Town Area comes in at $15,174 and the median home value is $50,967 for 2020.

Summing Up The Cheapest Places In Baltimore

If you’re measuring the neighborhoods in Baltimore where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Baltimore aren’t all cheap. Wakefield takes the title of the most expensive neighborhood to live in Baltimore.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Maryland reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Baltimore For 2020

Rank Neighborhood Cost Of Living Index
1 Fairfield Area 80
2 Pulaski 81
3 Berea Area 87
4 Lakeland 91
5 Midway-Coldstream 90
6 Monument Street Area 82
7 Morrell Park 91
8 Brooklyn-Curtis Bay 90
9 Beechfielf-Irvington Area 90
10 Old Town Area 81
11 Greenmount East 87
12 Dundalk Cityside 88
13 Hamilton Area 98
14 Orangeville 88
15 Belaire-Edison 93
16 Cherry Hill 89
17 Grove Park 93
18 Greater Rosemont 90
19 Govans 94
20 Cedonia 94
21 Bayview Area 93
22 Winsor Hills 100
23 Madison-Eastend 89
24 Westgate 101
25 Upper Northwood 98
26 Hunting Ridge 97
27 Park Heights 92
28 Pimlico 93
29 Forest Park 99
30 Greater Mount Washington 106
31 Howard Park 102
32 Canton 118
33 Lower Northwood 102
34 Locust Point 119
35 Mondawin-Walbrook Area 93
36 Glen-Fallstaff Area 95
37 Chinquapin Park-Belvedere 116
38 West Baltimore 90
39 Riverside 121
40 Inner Harbor 110
41 Patterson Park East 104
42 Roland Parl-Homewood-Guilford 119
43 Highlandtown 101
44 Jonestown 104
45 Hampden-Woodberry-Remington 102
46 Cheswolde Area 111
47 Hopkins-Middle East 93
48 Charles Village 98
49 Federal Hill 122
50 Downtown 99
51 Fells Point 120
52 Franklintown 109
53 Reservoir Hill-Bolton Hill Area 105
54 Wakefield 109

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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