Housing costs in Annapolis?
A typical home costs
$555,700, which is 64.4% more expensive than the national average of
$338,100 and 43.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Annapolis costs
$2,020 per month, which is 24.7% more than the national average of
$1,620 and 23.3% more than the state average of
$1,550.
Can I afford Annapolis?
To live comfortably in Annapolis (zip 21403), Maryland, a minimum annual income of
$106,560 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Annapolis?
The cost of living in Annapolis, MD is somewhat high. According to Best Places, the average cost of living in 21403 Annapolis is 11% higher than the national average. This means housing costs are significantly higher than most other places in the country, with an average home price of $474,000. Additionally, transportation costs are also relatively expensive due to high gas prices and limited public transit options. The cost of goods and services is also quite high but this is offset by an overall higher median household income which stands at around $82,500. All in all, while the cost of living may be a bit steep, it is manageable given the area's high wages and access to amenities.