Living in Naval Academy, Maryland
Cost of living, income, home prices, rent and demographics of Naval Academy · Census data 2020–2024
Naval Academy has 3,006 residents with a median age of 21. The median household income is $122,432 (18% higher than the Maryland median), the median rent is $2,918/month.
Naval Academy at a glance
- Population
- 3,006
- Median age
- 21State: 39.4
- Median household income
- $122,432State: $103,678
- Median rent
- $2,918/moState: $1,705
- Homeowners
- 0%
- Bachelor's degree or higher
- 42%
- Average commute
- 7 min
Is Naval Academy a good place to live?
Pros: Median household income 18% higher than the Maryland median; an average commute of 7 minutes; unemployment of 4.4%; a poverty rate of 1.5%.
The weather is best in May–June and August–September.
Cost of living in Naval Academy
Housing is the biggest part of the cost of living. In Naval Academy the median home value is —. Renters pay a median of $2,918 per month, which is 27.7% of household income. Homeowners with a mortgage pay — a month in housing costs.
Naval Academy median household income
The median household income in Naval Academy is $122,432 and the income per person is $34,224. 1.5% of residents live below the poverty line (Maryland: 9.4%).
Housing in Naval Academy: homes for sale and rent
- Housing units
- 142
- Owner-occupied
- 0%
- Renter-occupied
- 100%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.34
Naval Academy demographics
- Population
- 3,006
- Median age
- 21
- Under 18
- 3.7%
- 65 and older
- 1.7%
- Households
- 142
- Foreign-born
- 4%
- Veterans
- 26.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Naval Academy ›
Education in Naval Academy
42% of adults 25 and older in Naval Academy have a bachelor's degree or higher (Maryland: 43.4%), and 21.8% have a graduate or professional degree.
Jobs and commute in Naval Academy
- Unemployment rate
- 4.4%State: 4.9%
- Average commute
- 7 minState: 31 min
- Work from home
- 2.1%
- Drive alone
- 34.1%
- Public transit
- 0.7%
- Walk to work
- 58.2%
- Homes with broadband
- 100%
Naval Academy vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Naval Academy | 3,006 | $122,432 | — | $2,918 |
| Annapolis | 40,720 | $113,860 | $548,900 | $1,860 |
| Annapolis Neck | 12,032 | $173,879 | $739,100 | $2,489 |
| Parole | 17,229 | $120,361 | $533,500 | $2,306 |
| Highland Beach | 107 | $169,375 | $767,900 | — |
| Arnold | 24,303 | $141,639 | $564,200 | $2,158 |
| Cape St. Claire | 9,236 | $136,111 | $488,200 | $2,031 |
| Edgewater | 8,519 | $114,365 | $454,100 | $2,208 |
| Mayo | 8,694 | $155,300 | $604,900 | $2,372 |
More for people moving to Naval Academy
Naval Academy ZIP code ›Weather and climate ›Living in Naval Academy: FAQ
What is the median household income in Naval Academy, MD?
The median household income in Naval Academy is $122,432, 18% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How much is rent in Naval Academy?
The median gross rent in Naval Academy is $2,918 per month, about 27.7% of household income.
Is Naval Academy, MD a good place to live?
Pluses: median household income 18% higher than the Maryland median; an average commute of 7 minutes; unemployment of 4.4%; a poverty rate of 1.5%.
What is the median age in Naval Academy?
The median age in Naval Academy is 21 years (Maryland: 39.4).
How long is the commute in Naval Academy?
The average commute to work in Naval Academy is 7 minutes; 2.1% of workers work from home.
What is the unemployment rate in Naval Academy?
The unemployment rate in Naval Academy is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Naval Academy?
42% of adults in Naval Academy 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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