Ocean View, DE Economy


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Ocean View, DE is a popular location for those looking for a peaceful beachside community. The rental costs of two-bedroom homes in Ocean View are slightly lower than the US average, making it an attractive place to live. The grocery cost index in Ocean View is also 8% higher than the national average, so residents can expect to pay more for food and groceries. There are plenty of businesses to explore in this charming beach town including restaurants, shops, banks, gas stations, auto repair shops and more. Popular local stores include Lucky’s Seafood Restaurant and Market which provides visitors with delicious seafood dishes; B&B Beachwear offering fashionable swimwear; Archer Bank providing financial services; and Smith Automotive Solutions providing quality auto repair services. All these businesses make Ocean View a great place to live.

Ocean View has an unemployment rate of 6.4%. The US average is 6.0%.

Ocean View has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Ocean View
- The Sales Tax Rate for Ocean View is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Ocean View is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Ocean View
- The average income of a Ocean View resident is $41,681 a year. The US average is $28,555 a year.
- The Median household income of a Ocean View resident is $80,225 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOcean View, DelawareUnited States
  6.46
  -6.0%-6.2%
  37.5%33.5%
  0.0%6.2%
  5.6%4.6%
  $45,138$37,638
  $80,225$69,021
  $85,469$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.2%6.8%
  4.1%10.0%
  2.8%2.5%
  12.6%11.0%
  2.3%4.8%
  0.0%0.8%
  1.1%1.9%
  7.2%4.7%
  6.8%1.9%
  10.5%7.6%
  0.0%0.1%
  1.7%4.2%
  12.6%9.3%
  11.9%14.0%
  3.3%2.1%
  6.7%7.0%
  4.6%4.8%
  3.7%4.7%
Reviews for Ocean View
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Over 13 years ago

What is the difference in the cost of living in Ocean City, Delaware and Decatur,  More

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