Starting a Business in Baltimore city, MD

What does it cost to start a business in Baltimore city? Here are the numbers.

Avg Startup Cost

$43,762

Monthly Overhead

$1,853

Est. Break-Even

30 mo

Runway

24 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,853/mo
Median Household Income$58,349
Property Tax Rate1.5%

Population (market size)584,548

Market Context

Median Home Value$202,900
Homeownership Rate47.8%
Median Rent$1,235/mo

CountyBaltimore city

About Baltimore city, Maryland

Baltimore city in Maryland has a population of 584,548 and a median household income of $58,349. The larger population base provides a strong potential customer pool for new businesses.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Baltimore city

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Other Counties in Maryland

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.