Annapolis, MD Cost Of Living
Cost Of Living In Annapolis, MD Summary
Cost of living in Annapolis research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Annapolis is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Annapolis is 129, with 100 being the average.
The cost of living index in Annapolis is 1.3x higher than the national average.
Annapolis ranks as the #126 cheapest in Maryland out of 188.
Annapolis ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Annapolis is $428,600.
The median income in Annapolis is $92,026.
Table Of Contents
Annapolis's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Annapolis, MD?
According to the most recent data on the cost of living, Annapolis has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Maryland, Annapolis has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Annapolis ranks as #126 most affordable out of the 188 places we measured in Maryland. By definition, that implies Annapolis ranks as the #62 most expensive place in the Old Line State.
For more reading on life in Annapolis, check out:
- Living In Annapolis
- Annapolis Crime Report
- Search Homes For Sale In Annapolis, MD
In Maryland
In America
Annapolis Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Annapolis. Here is how it fairs on each of the criteria:
The Services index in Annapolis is 107.
The Groceries index in Annapolis is 114.
The Health index in Annapolis is 85.
The Housing index in Annapolis is 190.
The Transportation index in Annapolis is 103.
The Utilities index in Annapolis is 106.
| Living Expense | Annapolis | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 129 | 120 | 100 | |
| Services | 107 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 85 | 92 | 100 | |
| Housing | 190 | 156 | 100 | |
| Transportation | 103 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Annapolis, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Annapolis is $428,600.
The Median Rent in Annapolis is $1,618.
The Median Income in Annapolis is $92,026.
The Home Value To Income in Annapolis is 4.7x.
The Rent To Monthly Income in Annapolis is 0.21x.
| Statistic | Annapolis | Maryland | United States |
|---|---|---|---|
| Median Home Value | $428,600 | $338,500 | $244,900 |
| Median Rent | $1,618 | $1,485 | $1,163 |
| Median Income | $92,026 | $91,431 | $69,021 |
| Home Value To Income | 4.7x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Annapolis, MD Costs By Category
Detailed Annapolis Services Costs Vs. Maryland
Detailed Annapolis Groceries Costs Vs. Maryland
Detailed Annapolis Health Costs Vs. Maryland
Detailed Annapolis Transportation Costs Vs. Maryland
Detailed Annapolis Utilities Costs Vs. Maryland
Annapolis SnackAbility
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Cost Of Living In Cities Around Annapolis
The cost of living varies in the cities and towns around Annapolis. Here's a quick look at the cost of living in the most populous nearby places:
Bowie, MD has a cost of living index of 134, 1.0x Annapolis.
Severna Park, MD has a cost of living index of 146, 1.1x Annapolis.
Crofton, MD has a cost of living index of 140, 1.1x Annapolis.
| City | Population | Cost Of Living | Vs. Annapolis |
|---|---|---|---|
| Bowie, MD | 58,113 | 134 | 1.0x |
| Severna Park, MD | 39,108 | 146 | 1.1x |
| Crofton, MD | 29,812 | 140 | 1.1x |
| Arnold, MD | 25,056 | 134 | 1.0x |
| Elkridge, MD | 24,115 | 127 | 1.0x |
| Lake Shore, MD | 19,388 | 127 | 1.0x |
| Parole, MD | 18,488 | 137 | 1.1x |
| Annapolis Neck, MD | 13,059 | 153 | 1.2x |
| Riviera Beach, MD | 12,012 | 119 | 0.9x |
| Edgewater, MD | 9,075 | 133 | 1.0x |
