Cost of Living in Princess Anne, MD

Population 3,461 · Maryland · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Princess Anne sits on the smaller end of the Maryland city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Around 22% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Princess Anne lies roughly 85 miles southeast of the nearest major metro, Washington — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 79% lower than Washington's $725,000.

Cost Overview

Housing 50

Rent 90

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Princess Anne

The median home value in Princess Anne is $152,400 — 50% below the national median of $305,000. Median rent runs $1,183/month, 10% lower than the national median of $1,314/month. The median household income of $50,000/year is 33% lower than the US median of $74,580. The local unemployment rate is 1.1%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Princess Anne has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.

📍

Princess Anne has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Salisbury, MD

Median home: $217,500

Rent: $1,247/mo

Income: $56,402

Cambridge, MD

Median home: $254,400

Rent: $971/mo

Income: $46,261

Ocean Pines, MD

Median home: $352,600

Rent: $1,923/mo

Income: $91,400

Lexington Park, MD

Median home: $294,500

Rent: $1,693/mo

Income: $89,167

California, MD

Median home: $337,900

Rent: $1,805/mo

Income: $112,717

🏠 Housing

Median Home Value

$152,400

50% below avg

Zillow Home Value

$218,992

Zillow ZHVI

Median Rent

$1,183/mo

10% below avg

Price-to-Rent Ratio

10.7x

Favors buying

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,407

1 BR

$1,604

2 BR

$1,898

3 BR

$2,407

4 BR

$2,822

Owner-occupied 33.9%

Renter-occupied 66.1%

💰 Estimated Monthly Budget

Rent median rent

$1,183

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,797/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

27.7 min

3% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

9.1%

Commute Mode

Drove alone

65.0%

Carpooled

12.4%

Public transit

1.3%

Walked

5.9%

Bicycle

2.5%

Work from home

9.1%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 5.8%

Total Sales Tax 6.0%

State rate 6.0%

Avg local rate 0.0%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$50,000

33% below avg

Per Capita Income

$27,670

Unemployment Rate

1.1%

76% below avg

Poverty Rate

21.9%

Labor Force Participation

65.8%

🎓 Education

Bachelor's degree+ 19.9%

Graduate degree 4.3%

👥 Demographics

Median Age 32

Male median age 27.2

Female median age 35.5

Frequently Asked Questions

What is the cost of living in Princess Anne, MD?

Princess Anne has a cost index of 66 (100 = national average). It is 34% below the national average.

What is average rent in Princess Anne, MD?

The median gross rent in Princess Anne is $1,183 per month based on 2023 Census data.

What is the average home price in Princess Anne?

The median home value in Princess Anne is $152,400 according to Zillow and Census data.

What is the median income in Princess Anne?

The median household income in Princess Anne is $50,000 per year (2023 ACS 5-year estimates).

What is the sales tax in Princess Anne, MD?

The combined state and local sales tax rate in Princess Anne is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Princess Anne, MD affordable?

Yes, Princess Anne is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.

Princess Anne at a Glance

Population: 3,461
Median Income: $50,000
Home Value: $152,400
Median Rent: $1,183/mo
Unemployment: 1.1%
Sales Tax: 6.0%

View all cities in Maryland →

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