Ocean City, NJ Metro Area is a great place to live with plenty of job opportunities and a vibrant lifestyle. The cost of living is slightly higher than other areas in the US, but that can be offset with higher salaries. The two bedroom rent averages at $1,550 per month and grocery costs are indexed at 110 compared to the average of 100 in the US. Local employers include Harrah’s Atlantic City Casino, AtlantiCare Regional Medical Center, Ocean City Boardwalk and Stockton University. Salaries for many professions average around $50k per year or more depending on experience and qualifications. It is a wonderful place to work and live with plenty of options available to residents.
Ocean City Metro Area has an unemployment rate of 12.5%. The US average is 6.0%.
Ocean City Metro Area has seen the job market decrease by -8.5% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Ocean City Metro Area
- The Sales Tax Rate for Ocean City Metro Area is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ocean City Metro Area is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ocean City Metro Area
- The average income of a Ocean City Metro Area resident is $45,689 a year. The US average is $37,638 a year.
- The Median household income of a Ocean City Metro Area resident is $76,237 a year. The US average is $69,021 a year.