Housing costs in Annapolis?
A typical home costs
$534,700, which is 58.1% more expensive than the national average of
$338,100 and 37.8% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Annapolis costs
$2,220 per month, which is 37.0% more than the national average of
$1,620 and 30.2% more than the state average of
$1,550.
Can I afford Annapolis?
To live comfortably in Annapolis (zip 21409), Maryland, a minimum annual income of
$102,600 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Annapolis?
The cost of living in 21409 Annapolis, MD is quite high. The median home value in the area is $461,400 and the median list price for rent is around $2,800. Additionally, the average cost of living index for the city is 128 (with 100 being the national average). This means that it costs 28% more to live in Annapolis than other parts of the country. With a relatively high cost of living, residents must plan accordingly to account for these higher costs.