Cost of Living in Annapolis, Maryland in 2025

Annapolis, Maryland Cost of Living: Quick Takeaways

• Housing Costs: The average rent for a one-bedroom apartment in Annapolis is projected at $2,300 in 2025, showing steady growth from $1,500 in 2010.
• Transportation Expenses: Public transit monthly pass costs around $70 while fuel prices are about $3.38 per gallon.
• Healthcare Costs: Monthly employer-sponsored health insurance premiums average about $140, slightly below national averages.
• Income Levels: Median household income reached approximately $105,000 in 2025, reflecting steady economic growth.

Annapolis, Maryland, known for its maritime heritage and historic charm, features a diverse cost of living landscape that continues to evolve in 2025.

This breakdown provides detailed insights into the key expenses affecting residents, including housing, transportation, healthcare, and more.

1. Housing Costs in Annapolis, Maryland

Housing plays a vital role in living expenses in Annapolis. Here’s a look at average rent costs for a one-bedroom apartment over time:

• 2010: $1,500
• 2015: $1,700
• 2020: $2,000
• 2024: $2,230
• 2025: $2,300

This upward trend reflects growing demand and market pressures in Annapolis’ housing sector.

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2. Homeownership and Real Estate Trends in Annapolis, Maryland

For prospective homeowners, median home prices have shown steady appreciation:

• 2010: $413,300
• 2015: $450,000
• 2020: $510,200
• 2024: $651,500
• 2025: $660,000

This growth signals a robust real estate market but also increasing affordability challenges.

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3. Transportation Expenses in Annapolis, Maryland

Transportation costs vary depending on choices and usage:

• Public Transit: A one-way fare is approximately $2.00; monthly passes cost about $70.00.
• Fuel: Gasoline is priced around $3.38 per gallon.
• Vehicle Maintenance: Annual average is approximately $1,200.

These expenses are influenced by commuting habits and transportation preferences.

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4. Utility Costs in Annapolis, Maryland

Typical monthly utility costs for a standard apartment include:

• Electricity: $150.00
• Internet: $75.00
• Total Utilities: $225.00

Utility expenses depend on usage patterns and service providers.

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5. Grocery and Food Expenses in Annapolis, Maryland

Food costs in Annapolis align closely with national averages.

Monthly groceries average about $270.00 per person. Dining out ranges from casual meals at $15 to mid-range restaurant dishes near $40.

6. Healthcare Costs in Annapolis, Maryland

Healthcare expenses include insurance premiums and direct medical costs.

Employer-sponsored health insurance premiums average $140.00 monthly while a Silver health plan costs about $400.00 monthly.

7. Educational Expenses in Annapolis, Maryland

Education costs vary by type and level:

• Public Schools: Generally free, funded by taxes.
• Private Schools: Average tuition is roughly $15,000 annually.
• In-State University Tuition: Approximately $10,000 per year.

These estimates may differ depending on specific schools and programs.

8. Entertainment and Leisure in Annapolis, Maryland

Entertainment options contribute to the cost of living:

• Movie Ticket: $12
• Gym Membership: About $50 monthly
• Mid-Range Restaurant Meal: $40

Annual entertainment spending averages $2,000, with personal care services around $600.

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9. Taxes and Miscellaneous Fees in Annapolis, Maryland

Tax rates impacting residents include:

• State Income Tax: Ranges from 2% to 5.75%
• Sales Tax: General rate is 6%
• Property Tax: Approximately 0.72% of property value annually.

These taxes affect both individuals and businesses in the area.

10. Childcare and Family Expenses in Annapolis, Maryland

Family-related costs include:

• Daycare: Monthly average cost is about $1,458.
• After-School Programs: Around $500 monthly.
• Extracurricular Activities: Estimated $200 monthly.

Families should account for these expenses when budgeting.

11. Clothing and Personal Care in Annapolis, Maryland

Monthly costs related to clothing and personal care are approximately:

• Clothing: $100
• Personal Care Services: $50

These expenses vary based on lifestyle choices.

12. Insurance Costs in Annapolis, Maryland

Insurance premiums contribute significantly to overall expenses:

• Health Insurance: Average monthly premium around $400.
• Auto Insurance: Annual premium approximately $1,500.
• Homeowners Insurance: Average yearly cost is $1,200.
• Renters Insurance: About $200 annually.

These help protect residents from unexpected financial burdens.

13. Miscellaneous Expenses in Annapolis, Maryland

Additional living expenses include:

• Entertainment: $2,000 annually
• Personal Care Services: $600 annually
• Miscellaneous Goods and Services: $700 annually

These costs are influenced by personal habits and preferences.

14. Income and Salaries in Annapolis, Maryland

Median household income has increased steadily over the years:

• 2010: $83,948
• 2015: $92,026
• 2020: $104,257
• 2023: $104,257
• 2025: $105,000

This growth reflects economic development and rising earning potential.

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15. Comparison with National Averages

Comparing Annapolis to the national average reveals important differences:

• Overall Cost of Living: 27% higher than the national average.
• Housing: 91% above national norms.
• Utilities: 13% higher.
• Food: 3% above average.
• Healthcare: 5% lower than national average.
• Transportation: 4% higher.
• Goods and Services: 7% more expensive than average.

These figures illustrate the relative affordability and cost pressures specific to Annapolis.

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Our Methodology for Annapolis, Maryland Cost of Living Figures

We compile these cost of living figures using data from reliable sources including government databases, real estate listings, and market studies.

Where exact statistics are unavailable, reasonable estimates are employed to maintain accuracy and relevance.

Annapolis, Maryland Cost of Living: Conclusion

The cost of living in Annapolis in 2025 reflects the city's appeal and economic vitality, but also its relatively high expenses, especially in housing.

Transportation and healthcare costs remain competitive, while other living expenses vary modestly compared to national averages.

Understanding these factors is essential for prospective residents and those planning their budgets in this vibrant Maryland city.

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