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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Baltimore looks like a financial upgrade — better income-to-cost ratio.
Baltimore has a cost index of 96 vs 85 for Dayton. Baltimore is 11 points more expensive overall. Monthly rent goes from $1,186 to $1,708 (+44%).
If you earn the Dayton median of $43,454, you would need approximately $49,077/year in Baltimore to maintain equivalent purchasing power, based on the cost index difference of 11 points (13%).
Median rent in Dayton is $1,186/month. In Baltimore it is $1,708/month — a difference of +$522 per month, or $6,264 per year.
Moving to Baltimore looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $49,077/year in Baltimore. The median income there is $59,623.
Estimated monthly essentials total $2,829 in Dayton vs $3,542 in Baltimore — a difference of +$713/month (+$8,556/year).
The median home price in Baltimore is $187,545 vs $133,852 in Dayton. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $948 in Baltimore vs $677 in Dayton.