salaryRent is higher than in 79% of U.S. cities. A typical house costs about 4.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $91,640 a year. That is $44 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
No. Rent here is more expensive than in most of Maryland. It is number 134 of 200 cities from cheapest to most expensive.
How much do households earn in Annapolis?
Share of households by yearly income. 45.1% of households earn $100,000 or more.
Rent by apartment size in Annapolis
| Size | Annapolis | U.S. average |
|---|---|---|
| Studio | $1,216 | $1,338 |
| 1 bedroom | $1,749 | $1,324 |
| 2 bedrooms | $1,947 | $1,509 |
| 3 bedrooms | $2,453 | $1,698 |
| 4 bedrooms | $3,584 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Annapolis overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Annapolis, so the Maryland figure is shown.
Taxes and bills in Annapolis
Life in Annapolis
Is it cheaper to rent or buy in Annapolis?
Renting is cheaper right now: about $1,518 a month less.
Owning assumes a typical $548,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $54,890 for the down payment.
Frequently asked questions
What is the average rent in Annapolis, MD?
Renting in Annapolis costs a median of about $2,291 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Annapolis?
To keep rent under 30% of income, you need about $91,640 a year, or $44 an hour at a full-time job.
Is Annapolis cheap or expensive?
Annapolis is rated OK: rent takes 22.4% of the typical household income of $122,798. It ranks 134th cheapest of 200 Maryland cities we track.
How much are property taxes in Annapolis?
The median homeowner in Annapolis pays $5,523 a year in property taxes, about 1.01% of the median home value.
Is Annapolis more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Annapolis?
The median home value in Annapolis is $548,900, about 4.5 times the typical yearly household income.
40,720 people live in Annapolis. Numbers are typical (middle) values.