Living in Annapolis, Maryland
Cost of living, income, home prices, rent and demographics of Annapolis · Census data 2020–2024
Annapolis has 40,720 residents with a median age of 43. The median household income is $113,860 (10% higher than the Maryland median), the median home value is $548,900, the median rent is $1,860/month.
Annapolis at a glance
- Population
- 40,720
- Median age
- 43State: 39.4
- Median household income
- $113,860State: $103,678
- Median home value
- $548,900State: $419,900
- Median rent
- $1,860/moState: $1,705
- Homeowners
- 62%
- Bachelor's degree or higher
- 53.8%
- Average commute
- 30 min
Is Annapolis a good place to live?
Pros: Median household income 10% higher than the Maryland median; an average commute of 30 minutes; unemployment of 3.7%; a poverty rate of 7.8%.
Cons: Home values 31% higher than the state median.
The weather is best in May–June and September–October.
Cost of living in Annapolis
Housing is the biggest part of the cost of living. In Annapolis the median home value is $548,900, 65% higher than the U.S. median. Renters pay a median of $1,860 per month, which is 29.6% of household income. Homeowners with a mortgage pay $2,599 a month in housing costs.
Annapolis median household income
The median household income in Annapolis is $113,860 and the income per person is $69,520. 7.8% of residents live below the poverty line (Maryland: 9.4%).
Housing in Annapolis: homes for sale and rent
- Housing units
- 19,598
- Owner-occupied
- 62%
- Renter-occupied
- 38%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.22
Annapolis demographics
- Population
- 40,720
- Median age
- 43
- Under 18
- 20.3%
- 65 and older
- 20.4%
- Households
- 17,998
- Foreign-born
- 10.3%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Annapolis ›
Education in Annapolis
53.8% of adults 25 and older in Annapolis have a bachelor's degree or higher (Maryland: 43.4%), and 25.7% have a graduate or professional degree.
Jobs and commute in Annapolis
- Unemployment rate
- 3.7%State: 4.9%
- Average commute
- 30 minState: 31 min
- Work from home
- 21%
- Drive alone
- 62.3%
- Public transit
- 3.6%
- Walk to work
- 3.5%
- Homes with broadband
- 94.3%
Annapolis vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Annapolis | 40,720 | $113,860 | $548,900 | $1,860 |
| Naval Academy | 3,006 | $122,432 | — | $2,918 |
| Annapolis Neck | 12,032 | $173,879 | $739,100 | $2,489 |
| Parole | 17,229 | $120,361 | $533,500 | $2,306 |
| Edgewater | 8,519 | $114,365 | $454,100 | $2,208 |
| Highland Beach | 107 | $169,375 | $767,900 | — |
| Mayo | 8,694 | $155,300 | $604,900 | $2,372 |
| Arnold | 24,303 | $141,639 | $564,200 | $2,158 |
| Riva | 4,976 | $176,094 | $644,500 | $1,875 |
More for people moving to Annapolis
Annapolis ZIP code ›Weather and climate ›Living in Annapolis: FAQ
What is the median household income in Annapolis, MD?
The median household income in Annapolis is $113,860, 10% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Annapolis?
The median home value in Annapolis is $548,900, compared with $419,900 in Maryland.
How much is rent in Annapolis?
The median gross rent in Annapolis is $1,860 per month, about 29.6% of household income.
Is Annapolis, MD a good place to live?
Pluses: median household income 10% higher than the Maryland median; an average commute of 30 minutes; unemployment of 3.7%; a poverty rate of 7.8%. Minuses: home values 31% higher than the state median.
What is the median age in Annapolis?
The median age in Annapolis is 43 years (Maryland: 39.4).
How long is the commute in Annapolis?
The average commute to work in Annapolis is 30 minutes; 21% of workers work from home.
What is the unemployment rate in Annapolis?
The unemployment rate in Annapolis is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Annapolis?
53.8% of adults in Annapolis have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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