Housing costs in Annapolis?
A typical home costs
$532,500, which is 57.5% more expensive than the national average of
$338,100 and 37.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Annapolis costs
$2,070 per month, which is 27.8% more than the national average of
$1,620 and 25.1% more than the state average of
$1,550.
Can I afford Annapolis?
To live comfortably in Annapolis (zip 21401), Maryland, a minimum annual income of
$101,880 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Annapolis?
The cost of living in 21401 Annapolis, MD is relatively high compared to other parts of the United States. The median home value is $417,400, which is higher than the national median home value of $184,700. Renting can also be expensive, with a one-bedroom apartment averaging around $1,550 per month. Prices on food and entertainment are fairly typical for the area, with groceries costing around 11% more than the national average and restaurant prices about 8% higher than average. Transportation costs are also above average due to the area's location near two major metropolitan areas - Washington D.C. and Baltimore - meaning you'll likely pay more for gas and public transportation than in other areas.