Richest Neighborhoods In Baltimore, MD For 2020


We used science and data to determine which Baltimore neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Baltimore.
Richest Neighborhoods In Baltimore

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Baltimore has to offer. Where houses go for over 1.57x the national median and household incomes are 2.05x the national median.

But where exactly in Baltimore do the richest of the rich people live? That would be Locust Point where the median income is a cool $112,879.

Here’s a look at the top 10 richest neighborhoods in Baltimore out of 54 for 2020.

What’s the richest neighborhood to live in Baltimore for 2020? According to the most recent census data, Locust Point looks to be the richest Baltimore neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $875,969. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest 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 richest to poorest.

For more Baltimore reading, check out the best neighborhoods in Baltimore and the worst neighborhoods in Baltimore. Or, for living around Baltimore, out the best Baltimore suburbs and the worst Baltimore suburbs.

For more Maryland reading, check out:

How We Determined The Wealthiest Neighborhoods In Baltimore For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Baltimore by median income from highest to lowest. The neighborhood with the highest median income, Locust Point, was named the richest neighborhood in Baltimore.

The poorest neighborhood? That would be Old Town Area.

Now a look at how all the neighborhoods in Baltimore ranked.

For more Maryland reading, check out:

Detailed List Of The Richest Neighborhoods In Baltimore For 2020

Rank Neighborhood Median Household Income<
1 Locust Point $112,879
2 Riverside $106,162
3 Canton $98,085
4 Chinquapin Park-Belvedere $94,917
5 Federal Hill $86,580
6 Roland Parl-Homewood-Guilford $84,167
7 Fells Point $78,055
8 Inner Harbor $75,443
9 Greater Mount Washington $73,832
10 Cheswolde Area $65,849
11 Howard Park $60,739
12 Patterson Park East $60,368
13 Hamilton Area $60,103
14 Lower Northwood $59,910
15 Westgate $59,292
16 Winsor Hills $56,919
17 Forest Park $52,058
18 Hampden-Woodberry-Remington $52,030
19 Highlandtown $51,205
20 Upper Northwood $50,794
21 Jonestown $49,996
22 Franklintown $49,866
23 Hunting Ridge $49,843
24 Belaire-Edison $47,827
25 Grove Park $46,616
26 Govans $46,558
27 Lakeland $45,877
28 Glen-Fallstaff Area $43,823
29 Midway-Coldstream $43,227
30 Cedonia $42,958
31 Wakefield $42,742
32 Beechfielf-Irvington Area $41,675
33 Morrell Park $41,419
34 Bayview Area $41,221
35 Berea Area $40,870
36 Downtown $40,380
37 Brooklyn-Curtis Bay $40,238
38 Pimlico $38,938
39 Charles Village $38,635
40 Mondawin-Walbrook Area $37,432
41 Reservoir Hill-Bolton Hill Area $37,368
42 Park Heights $36,783
43 Pulaski $36,631
44 Greater Rosemont $35,059
45 Orangeville $33,926
46 Cherry Hill $32,495
47 Dundalk Cityside $31,725
48 Madison-Eastend $30,643
49 Fairfield Area $29,271
50 Greenmount East $28,740
51 Monument Street Area $28,677
52 Hopkins-Middle East $28,594
53 West Baltimore $28,589
54 Old Town Area $15,174

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.