Housing costs in Annapolis?
A typical home costs
$1,107,200, which is 227.5% more expensive than the national average of
$338,100 and 185.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Annapolis costs
$2,030 per month, which is 42.0% more than the national average of
$1,430 and 20.2% more than the state average of
$1,620.
Can I afford Annapolis?
To live comfortably in Annapolis (zip 21405), Maryland, a minimum annual income of
$212,040 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Annapolis?
The cost of living in 21405 Annapolis, MD is generally considered to be higher than the national average. Housing costs are particularly high compared to the rest of the country, with recent estimates putting median home values at around $338,600. Similarly, rent prices have steadily increased throughout the years and currently hover around an average of $2,000 for a one-bedroom apartment. Groceries, goods and services also tend to be more expensive than in other parts of the country due to the area's large tourist population. Despite these high costs, residents of Annapolis enjoy a great quality of life with plenty of outdoor attractions and cultural activities available year round.