Are you thinking of moving to Baltimore in 2024? You’re not alone! In fact, Charm City is quickly becoming one of the hottest destinations for new residents, and it’s no surprise why. From a booming job market to affordable housing and a rich cultural scene, this place offers the perfect mix of opportunity and lifestyle.
Why is Everyone Moving to Baltimore in 2024?
Why is moving to Baltimore City becoming a trend? Its unique blend of affordability, career opportunities, and vibrant lifestyle is the answer. With over 250 neighborhoods, Baltimore offers a sense of community and diversity that appeals to everyone.
Regarding Baltimore’s demographics in 2024, the population is 575,584. It’s Maryland’s largest city and the 31st largest in the nation. You’ll find world-class healthcare and a thriving job market here, especially in healthcare and tech. Plus, with housing costs nearly 30% lower than the national average, settling in the city becomes more swift.
Cost of Living in Baltimore, Maryland
One of the first things you need to figure out when relocating to Maryland and becoming its resident is the cost of living. When you choose the state’s largest city, you must think that the numbers are skyrocketing, right?
According to Numbeo, monthly costs for a household of four without rent are estimated at $4,350. A single person’s projected monthly costs without rent are $1,200. For people who are moving to Baltimore from NYC, this means if you rent in both places, you would need $11,300 in NYC to live the same way as in Baltimore, MD, with $6,400. Knowing this, you can adequately estimate the relocation budget and hire some of the best movers for the job.
A Booming Job Market With Competitive Salaries
The job market here is on fire in 2024, making it an attractive destination for career-driven individuals. Known for its booming healthcare, biotechnology, and finance sectors, the average income in Baltimore, MD, often outshines the national average. The median income an individual makes is $35,680.
So, once you find a trustworthy long-distance moving team that will take care of your relocation, make sure to explore all the major employers here – check out the following Baltimore guide:
- Healthcare – Johns Hopkins Hospital, MedStar Health, University of Maryland Medical System,
- Retail & Manufacturing – Amazon, H&S Bakery, Pandora Americas,
- Education – Maryland Institute College of Art, Johns Hopkins University, Morgan State University,
- Government – Veterans Health Administration, US Social Security Administration,
- Financial services – T. Rowe Price Group, Legg Mason, Morgan Stanley,
- Other – Exelon, Ports America Chesapeake, Agora.
Rising Tech and Innovation Hub
While Charm City has long been known for its healthcare industry, its tech scene is rapidly catching up. The city has developed a reputation as an emerging tech hub in recent years, attracting startups and innovators. With job growth in the tech sector expected to rise by over 7% in 2024, opportunities are growing fast, and salaries are following suit.
Affordable Housing Compared to Neighboring Cities
One of the most significant benefits for people moving to Baltimore is affordability. Compared to its neighbors like Washington, DC, and Philadelphia, Baltimore’s housing market offers significantly lower home prices and rental rates. Check out the table below to get the bigger picture.
City | Median Home Price (2024) | Median Rent (2024) |
Baltimore | $180,000 | $1,800 |
Washington, DC | $640,000 | $1,900 |
Philadelphia | $206,000 | $1,700 |
Source – BestPlaces
Access to Top-Rated Universities and Education
When creating a checklist for a seamless transition, you can’t help but wonder—is Baltimore a good place to live, especially if the reason for your relocation is getting a higher education? Charm City is not just a great place to work—it’s a hub for education as well. Home to renowned institutions like Johns Hopkins University (#9 national ranking) and the University of Maryland (#22 national ranking), the city attracts students and professionals from across the globe.
A City Rich in Culture and Lifestyle
Baltimore delivers in every way if you’re looking for a city that blends rich history with a modern, artsy vibe. Each neighborhood has its unique charm, and here are some of the best places to live in Baltimore you should check out.
Neighborhood | Median Home Price | Top Attraction |
Federal Hill | $365,000 | Cross Street Market |
Fells Point | $377,000 | Historic Fells Point |
Hampden | $320,000 | The Avenue (36th Street) |
Source – Realtor
Festivals, outdoor markets, and live music make the city feel alive, while its famous seafood scene – crab cakes – keeps food lovers returning for more. Baltimore living offers different experiences, ensuring there’s something for everyone.
How Safe Is Baltimore, Maryland?
Long-distance moving and living in Baltimore, Maryland, also means you need to be sure of safety. Relocation is stressful enough, so check out the place before calling it home and avoid unpleasant situations.
According to the Baltimore Police Department, about 37,000 reported offenses occurred in the city last year. Considering its size, Charm City has a relatively low crime rate of 64.2 crimes per 1,000 residents.
Public Transportation and Accessibility
Baltimore’s public transportation system makes life easy for those concerned about commuting, whether getting to work or visiting nearby cities. The light rail and bus routes offer reliable coverage across the city, while the MARC train provides a quick, convenient connection to Washington, DC, making it ideal for those who need to travel for work.
With average commute times much shorter than DC’s infamous traffic jams, relocating to Baltimore offers the benefits of urban living without the headaches of significant metro congestion.
Move With Confidence With the Professional Movers by Your Side
Once you decide to move to a different place, you must know all the good and bad sides of that decision. The same goes for living in Baltimore, MD – pros and cons are inevitable. However, your relocation will be a breeze when you hire the best Baltimore movers. So, contact us, Zip Moving & Storage, and get a clear picture of the costs with our free quote. Find out how our top-notch services, like efficient packing and secure storage units, will make your life easier.
