Ocean City Metro Area, NJ Cost of Living


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United States / New Jersey / Ocean City Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Ocean City, New Jersey?
$9,810 / month
for a family, 81.7% more expensive than the national average A total of $117,720 for the year for a family.
$3,933 / month
for a single person, 17.5% less expensive than the national average A total of $47,200 for the year for a single person.

Ocean City cost of living score
123.6
More expensive
23.6% higher
than the US average
3.2% higher
than the New Jersey average
Ocean City New Jer Metro Area, New Jersey gets a BestPlaces Cost of Living score of 123.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.6% higher than the U.S. average and 3.2% lower than the average for New Jersey.

Ocean City Metro Area, NJ

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesOcean CityNew JerseyUnited States
    Unlock119.8100.0
  110.3  Unlock100.0
    Unlock96.9100.0
  174.4  Unlock100.0
    Unlock$432,100$338,100
  111.1  Unlock100.0
    Unlock127.7100.0
  103.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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