Baltimore getting pricey?

December 21, 2007

The Greater Baltimore State of the Region Report (PDF), released yesterday, found general improvement in Baltimore’s economy. The good news about the expansion of high-tech jobs and academic research was tempered by nagging transportation and crime issues, but there was another shift that may be foreboding for things to come.

“The cost of living within the Greater Baltimore region has increased dramatically from 2003 to 2007,” the report reads. It notes that Baltimore has risen to 13th least expensive in a group of 20 peer cities, when it ranked as the cheapest four years ago.

The relatively low cost of living here was an important consideration for me in choosing to move here from Vermont in 2006, and I still find it affordable here. The report cites housing costs as one of the key drivers, but I see rises in other, smaller expenses — like, say, a  delicious sandwich or a glass of beer.

Have you noticed prices going up in the area? Do you think it is keeping pace with economic growth here?

ANDY ROSEN, Business Writer

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