Cost of living in Annapolis
Annapolis, the capital of Maryland, is known for its rich history and vibrant maritime culture. Understanding the cost of living in Annapolis is crucial for anyone considering moving to or living in this charming city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $30 on average, with a range between $10 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $40 to $110.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9, with a range between $9 and $10.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $10, imported beer $6 to $10, cappuccino $4 to $6, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.85 per liter, averaging $0.98.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $4.41, with an average price of $3.37.
- Eggs (Dozen) - A dozen eggs range from $2.45 to $5.5, averaging $3.65.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.31 to $11.02 per kg, while oranges range from $1.98 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.39 and $11.02 per kg, and lettuce costs $1 to $2.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0 and $4, with a monthly pass priced at $100.
- Fuel (Gasoline) - Gasoline is priced between $0.78 and $1.03 per liter.
- Taxi Fares - Taxi fares start at $3.25, with a cost of $1.55 per km and $30 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2500 to $3000, averaging $2833.33.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1400 to $2300, averaging $1900.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2500 to $5000, averaging $3833.33.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistently priced at $2800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $350, averaging $203.67.
- Internet - Internet services range from $50 to $149.99, with an average cost of $72.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Annapolis offers a diverse range of dining options, with prices varying significantly between casual and upscale restaurants.
Grocery prices in Annapolis are relatively moderate, though some items like fruits and vegetables can be on the higher end.
Transportation costs are manageable, with affordable public transport options and competitive fuel prices.
Housing in Annapolis can be expensive, particularly in the city centre, but options outside the centre offer more affordable alternatives.
Utilities and internet costs are in line with national averages, providing a balanced expense for residents.
Conclusion
The cost of living in Annapolis, MD, reflects its status as a desirable location with a rich cultural heritage and proximity to major urban centers.
While housing and dining can be costly, the city offers a range of options to suit different budgets. Prospective residents should consider their lifestyle preferences and budget constraints when planning a move to Annapolis.