Annapolis, MD Cost of Living

31 Reviews

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Annapolis cost of living score
More expensive
14.7% higher
than the US average
2.6% higher
than the Maryland average
Annapolis, Maryland gets a BestPlaces Cost of Living score of 114.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.7% higher than the U.S. average and 2.6% lower than the average for Maryland.

Annapolis, MD

Housing costs in Annapolis?
A typical home costs $552,900, which is 63.5% more expensive than the national average of $338,100 and 42.5% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Annapolis costs $2,080 per month, which is 45.5% more than the national average of $1,430 and 22.1% more than the state average of $1,620.

Can I afford Annapolis?
To live comfortably in Annapolis, Maryland, a minimum annual income of $105,840 for a family, and $67,200 for a single person is recommended.

What does A.I. say about Annapolis?
Annapolis, MD is an expensive place to live, with a high cost of living compared to the national average. The median home price in Annapolis is approximately $470,000, which is over twice the national median. In addition, rental rates are also quite high; even the most basic one-bedroom apartment can easily cost upwards of $1,500 per month. Groceries and other necessities also tend to be more expensive than in other locations. However, residents find that living in Annapolis is well worth it for the numerous amenities and attractions they can enjoy in the area.
   Cost of living score
     CategoriesAnnapolisMarylandUnited States

   100=National Average

   Average Rent by Bedroom Size
Reviews for Annapolis
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Annapolis has extremely charming areas (mostly old Annapolis neighborhood's)-- Those very old area near the water have Amazing charm. You can start with downtown West  More

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Well, I really would give living in Annapolis 3.5 stars. I moved here by myself several years ago. One of the highs of this place is that there are a lot of terrific  More

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When we were trying to decide where in the USA to relocate to, Annapolis had enough interest that it made our list. Ultimately, we found a different city that offered  More

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