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2024 Compare Cities Economy:
Monterey, CA vs Ocean City, MD

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Highlights
- Household income in Ocean City, is 31% less than it is in Monterey and is 18% below the National Average.
- Monterey unemployment rate is 3.8%.
- Ocean City unemployment rate is 9.9%.

Economy
 Monterey, CAOcean City, MDUnited States
 Unemployment Rate3.8%9.9%6.0%
 Recent Job Growth1.8%-0.6%1.6%
 Future Job Growth33.1%23.0%33.5%
 Sales Taxes8.8%6.0%6.2%
 Income Taxes8.0%6.5%4.6%
 Income per Cap.$52,631$59,460$37,638
 Household Income$85,365$58,563$69,021
 Family Median Income$115,299$90,294$85,028
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 Est. Households By Income
 Monterey, CAOcean City, MDUnited States
 Income Less Than 15K5.2%8.7%9.4%
 Income between 15K and 20K2.5%6.2%3.8%
 Income between 20K and 30K7.0%8.5%8.1%
 Income between 30K and 40K7.9%9.4%8.0%
 Income between 40K and 50K5.9%10.0%7.6%
 Income between 50K and 60K4.0%8.3%7.2%
 Income between 60K and 75K11.4%10.9%9.6%
 Income between 75K and 100K13.2%10.2%12.8%
 Income between 100K and 150K18.0%13.6%16.3%
 Income between 150K and 200K11.4%5.1%7.8%
 Income greater than 200K13.7%9.2%9.5%
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 Population By Occupation
 Monterey, CAOcean City, MDUnited States
 Management, business, finance18.6%20.9%16.4%
 Engineering, computers, science9.7%3.2%6.5%
 Community, social services1.8%1.3%1.8%
 Legal1.5%0.9%1.2%
 Education, library11.3%2.0%6.2%
 Arts, design, media, sports, entertainment4.5%2.6%2.0%
 Healthcare practitioners and technology7.0%6.4%6.2%
 Healthcare support2.6%1.4%3.3%
 Firefighters, law enforcement3.5%1.2%2.1%
 Food preparation, serving7.9%18.0%5.4%
 Building maintenance4.0%2.7%3.6%
 Personal care3.3%3.4%2.6%
 Sales, office, administrative support14.0%22.7%20.9%
 Farming, fishing, forestry1.1%0.0%0.6%
 Construction, extraction, maintenance/repair4.2%8.3%8.1%
 Production, transportation, material moving5.1%5.0%13.1%

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Reviews for Monterey    21 Reviews

Over 7 years ago

The Monterey city area is an excellent place to live and one of the few California locales where it's relatively safe to raise a family. If I could no longer live here I  More

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I grew up on the Monterey Peninsula and had to leave to climb out of poverty. The median income is $35,000 and outside of the military, the jobs are mostly service  More

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My husband and I are just crazy about Monterey. I wonder if we take housing expenses (mortgage or rent) out of the picture, is Monterey still a very expensive city to  More

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Reviews for Ocean City    6 Reviews

Over 6 years ago

The town itself if quaint but typically coastal. In high season you will crawl from traffic light to traffic light. Maybe place to be single but don't grow old alone.  More

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Over 11 years ago

Not that bad at all. My family stays here every summer, and we have no problems. The crime rating is only a 10 because the boardwalk gets a lot of petty theft and drunk  More

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Over 11 years ago

Crime here really isnt a 10. The boardwalk gets a lot of drunk people and petty theft during the summer, and that skews the results. Ive stayed here in OC every summer  More

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ZIPS IN MONTEREY, CALIFORNIA
93940 93943
ZIPS IN OCEAN CITY, MARYLAND
21842

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