Housing costs in Ocean City?
A typical home costs
$613,600, which is 81.5% more expensive than the national average of
$338,100 and 42.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Ocean City costs
$1,550 per month, which is 8.4% cheaper than the national average of
$1,430 and 10.3% cheaper than the state average of
$1,710.
Can I afford Ocean City?
To live comfortably in Ocean City New Jer Metro Area, New Jersey, a minimum annual income of
$117,720 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Ocean City?
The cost of living in the Ocean City, NJ Metro Area is significantly higher than the national average. With a cost of living index of 123.6, this region is 23.6% more expensive than the US average and prices for homes are also much higher. The median value for houses in this area is $613600 compared to the US median value of $338100. Despite the high cost of living, Ocean City continues to be a popular destination due to its close proximity to beaches and outdoor activities.