Economy in Ocean City, Maryland
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Economy
| Unemployment Rate | 15.40% | 9.10% |
| Recent Job Growth | 0.84% | -0.12% |
| Future Job Growth | 26.28% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 6.00% | 6.25% |
| Income per Cap. | $35,268 | $27,067 |
| Household Income | $45,901 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 10.08% | 12.10% |
| Income between 15K and 25K | 12.49% | 10.18% |
| Income between 25K and 35K | 14.45% | 10.56% |
| Income between 35K and 50K | 18.14% | 14.98% |
| Income between 50K and 75K | 19.84% | 19.53% |
| Income between 75K and 100K | 9.36% | 12.52% |
| Income between 100K and 150K | 8.17% | 12.14% |
| Income between 150K and 250K | 3.71% | 3.91% |
| Income between 250K and 500K | 3.16% | 3.34% |
| Income greater than 500K | 0.61% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 19.46% | 13.81% |
| Professional and Related Occupations | 15.14% | 22.68% |
| Service | 21.08% | 14.51% |
| Sales and Office | 25.86% | 25.22% |
| Farming, Fishing, and Forestry | 0.38% | 0.68% |
| Construction, Extraction, and Maintenance | 9.12% | 9.37% |
| Production, Transportation, and Material Moving | 7.01% | 15.86% |
The unemployment rate in Ocean City, MD, is 15.40%, with job growth of 0.84%. Future job growth over the next ten years is predicted to be 26.28%.
Ocean City, MD Taxes
Ocean City, MD,sales tax rate is 6.00%. Income tax is 6.00%.
Ocean City, MD Income and Salaries
The income per capita is $35,268, which includes all adults and children. The median household income is $45,901.
Ocean City Economy SperlingViews
Homes available: Can you tell me if Ocean City, MD is experiencing the same building boom as Virginia Beach, VA where Big Investors are buying up all the small cottages and large very... (read more)The Condo Boom is Over: As an Ocean City resident Realtor, I can say the recession has stopped developers building new condos for now. The inventory of recent new condos has driven the prices... (read more)Expensive!!: Ocean City is indeed as bad as Virginia Beach in terms of expensive housing. Almost everything here has gone condo, all the little summer cottages that lined the coast... (read more)Have an opinion about Ocean City? Leave a commentTo See All SperlingViews for Ocean City Click Here
