Annapolis, MD
Population 40,744 · Maryland
About Annapolis, MD
Annapolis is a mid-sized city located in Maryland with a population of 40,744 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,257 per year, which is 39% above the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Annapolis features a median home value of $510,200, which is 108% above the national median of $244,900. This places Annapolis in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,855, 60% above the national average of $1,163/month. Of the 19,186 total housing units, 60% are owner-occupied (10,487 units) and 40% are renter-occupied (7,036 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Annapolis shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 7.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Annapolis have an average one-way commute time of 28.7 minutes.
Education & Demographics
53.7% of Annapolis residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.5% White, 0.7% Hispanic or Latino, 1.3% Black or African American, and 10.7% Asian residents, with 10.9% of the population being foreign-born.
How Annapolis Ranks in Maryland
Cost of Living in Annapolis, MD
Compared to national averages, Annapolis has a median household income of $104,257 (39% above the national median of $75,149). Home values average $510,200, which is 108% above the national median. Monthly rent at $1,855 is 60% above the US average of $1,163. Within Maryland, Annapolis's income is 3% below the state average of $107,956, and home values are 27% above the state median of $402,447.
Why Live in Annapolis, MD?
Annapolis offers a strong local economy with a median household income of $104,257, well above the national average, and a well-educated community where 53.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $510,200. However, Annapolis’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Annapolis has a population of 40,744 with a median age of 40.9 years. Compare Annapolis with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Annapolis
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Essex | 40,670 | $67,082 | $253,500 | Compare |
| Woodlawn CDP (Baltimore County), Maryland | 40,476 | $78,591 | $269,800 | Compare |
| Severna Park | 39,499 | $168,091 | $633,600 | Compare |
| Catonsville | 42,717 | $110,051 | $405,800 | Compare |
| Clinton | 38,756 | $120,967 | $400,300 | Compare |
| Hagerstown | 43,490 | $49,957 | $207,700 | Compare |
| Olney | 36,000 | $171,766 | $632,400 | Compare |
| Randallstown | 35,975 | $88,544 | $306,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Annapolis With Other Cities
Frequently Asked Questions about Annapolis
What is the population of Annapolis, MD?
The population of Annapolis, MD is 40,744 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Maryland.
What is the median household income in Annapolis?
The median household income in Annapolis, MD is $104,257 per year, which is 39% above the national median of $75,149.
What is the median home value in Annapolis?
The median home value in Annapolis, MD is $510,200, which is 108% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Annapolis?
The median monthly rent in Annapolis, MD is $1,855, which is 60% above the national average of $1,163/month.
What is the unemployment rate in Annapolis?
The unemployment rate in Annapolis, MD is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Annapolis, MD a good place to live?
Annapolis offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 40,744 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Annapolis, MD?
53.7% of residents in Annapolis aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Annapolis?
Key cost-of-living indicators for Annapolis, MD: median home value is $510,200 (108% above national), median rent is $1,855/month, and median household income is $104,257. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Annapolis?
The poverty rate in Annapolis, MD is 7.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Annapolis, MD?
Annapolis's population is 6.5% White, 0.7% Hispanic or Latino, 1.3% Black or African American, 10.7% Asian, and 18.5% two or more races. 10.9% of residents are foreign-born.