Annapolis Neck, MD Cost Of Living
Cost Of Living In Annapolis Neck, MD Summary
Cost of living in Annapolis Neck 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 Neck 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 Neck is 164, with 100 being the average.
The cost of living index in Annapolis Neck is 1.6x higher than the national average.
Annapolis Neck ranks as the #185 cheapest in Maryland out of 194.
Annapolis Neck ranks as the #5,968 cheapest out of 6,489 in the US.
The median home value in Annapolis Neck is $777,516.
The median income in Annapolis Neck is $171,833.
Table Of Contents
Annapolis Neck's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Annapolis Neck, MD?
According to the most recent data on the cost of living, Annapolis Neck has an overall cost of living index of 164, which is 1.6x higher than the national index of 100.
Compared to Maryland, Annapolis Neck has a cost of living index that's 1.4x higher than Maryland's index of 121.
The standard of living in Annapolis Neck ranks as #185 most affordable out of the 194 places we measured in Maryland. By definition, that implies Annapolis Neck ranks as the #9 most expensive place in the Old Line State.
For more reading on life in Annapolis Neck, check out:
In Maryland
In America
Annapolis Neck Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Annapolis Neck. Here is how it fairs on each of the criteria:
The Services index in Annapolis Neck is 105.
The Groceries index in Annapolis Neck is 103.
The Health index in Annapolis Neck is 100.
The Housing index in Annapolis Neck is 306.
The Transportation index in Annapolis Neck is 101.
The Utilities index in Annapolis Neck is 113.
| Living Expense | Annapolis Neck | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 164 | 121 | 100 | |
| Services | 105 | 105 | 100 | |
| Groceries | 103 | 107 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 306 | 150 | 100 | |
| Transportation | 101 | 99 | 100 | |
| Utilities | 113 | 113 | 100 | |
Annapolis Neck, 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 2019-2023. The key points are:
The Median Home Value in Annapolis Neck is $777,516.
The Median Rent in Annapolis Neck is $2,805.
The Median Income in Annapolis Neck is $171,833.
The Home Value To Income in Annapolis Neck is 4.5x.
The Rent To Monthly Income in Annapolis Neck is 0.2x.
| Statistic | Annapolis Neck | Maryland | United States |
|---|---|---|---|
| Median Home Value | $777,516 | $427,628 | $303,400 |
| Median Rent | $2,805 | $1,662 | $1,348 |
| Median Income | $171,833 | $101,652 | $78,538 |
| Home Value To Income | 4.5x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Annapolis Neck, MD Costs By Category
Detailed Annapolis Neck Services Costs Vs. Maryland
| Item | Annapolis Neck | Maryland |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Annapolis Neck Groceries Costs Vs. Maryland
| Item | Annapolis Neck | Maryland |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Annapolis Neck Health Costs Vs. Maryland
| Item | Annapolis Neck | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Annapolis Neck Transportation Costs Vs. Maryland
| Item | Annapolis Neck | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Annapolis Neck Utilities Costs Vs. Maryland
| Item | Annapolis Neck | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Annapolis Neck SnackAbility
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Cost Of Living In Cities Around Annapolis Neck
The cost of living varies in the cities and towns around Annapolis Neck. 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, 0.8x Annapolis Neck.
Annapolis, MD has a cost of living index of 136, 0.8x Annapolis Neck.
Severna Park, MD has a cost of living index of 152, 0.9x Annapolis Neck.
| City | Population | Cost Of Living | Vs. Annapolis Neck |
|---|---|---|---|
| Bowie, MD | 57,771 | 134 | 0.8x |
| Annapolis, MD | 40,744 | 136 | 0.8x |
| Severna Park, MD | 39,499 | 152 | 0.9x |
| Pasadena, MD | 32,717 | 128 | 0.8x |
| Crofton, MD | 29,878 | 143 | 0.9x |
| Arnold, MD | 23,866 | 142 | 0.9x |
| Lake Shore, MD | 18,263 | 136 | 0.8x |
| Parole, MD | 17,910 | 144 | 0.9x |
| Riviera Beach, MD | 12,608 | 121 | 0.7x |
| Mitchellville, MD | 11,325 | 139 | 0.8x |
