Housing costs in Ocean City?
A typical home costs
$432,800, which is 28.0% more expensive than the national average of
$338,100 and 11.5% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ocean City costs
$990 per month, which is 38.9% cheaper than the national average of
$1,620 and 10.1% cheaper than the state average of
$1,090.
Can I afford Ocean City?
To live comfortably in Ocean City (zip 21842), Maryland, a minimum annual income of
$82,800 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Ocean City?
Living in 21842 Ocean City, MD is relatively expensive compared to other parts of the country. The median home value in Ocean City is $426,700 and housing costs make up 40.3% of residents' income. Additionally, the cost of groceries is 3.6% higher than the national average, while healthcare costs are 4.5% more than national averages. Even transportation and utilities cost more than other cities and towns nearby, making it a pricey place to live. Nevertheless, many people still flock here for the coastal lifestyle and mild climate.