Ocean Pines, MD is a great place to live for those looking for an affordable housing option. The average two bedroom rent in Ocean Pines is significantly lower than the national average, coming in at $1,190 versus $1,430 respectively. Additionally, the Grocery Cost Index in Ocean Pines is 107 versus 100 in the US. This makes it ideal for people looking to save on grocery expenses as well. The area has great amenities and local companies that make living here enjoyable. These include restaurants such as Beach Bums Bar & Grill and Tippy's Taco House, shops like Sun N Fun Boutique and Franklin's General Store, plus plenty of outdoor activities to enjoy such as golfing at Lighthouse Sound or fishing along the creek at Assateague Island National Seashore. With all these things to do and places to explore, Ocean Pines is an excellent choice for anyone looking for a budget-friendly place to call home.
Ocean Pines has an unemployment rate of 9.9%. The US average is 6.0%.
Ocean Pines has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Ocean Pines
- The Sales Tax Rate for Ocean Pines is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ocean Pines is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ocean Pines
- The average income of a Ocean Pines resident is $37,492 a year. The US average is $28,555 a year.
- The Median household income of a Ocean Pines resident is $80,859 a year. The US average is $69,021 a year.