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.