21842 Ocean City, MD is a great place to call home. It offers beautiful views of the water and a variety of activities year-round. The 2 bedroom rent in this area is just $990, much lower than the US average of $1,430. Grocery Cost Index is also quite low at 107 versus 100 in the US. Local companies that are worth mentioning include: Ocean City Trolley Co., Coastal Bicycles, Assateague Island National Seashore, The Beach Store and Skate Park, and Ropewalk Restaurant & Tavern. Each business offers a unique experience for locals and visitors alike.
Ocean City (zip 21842) has an unemployment rate of 9.9%. The US average is 6.0%.
Ocean City (zip 21842) 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 City (zip 21842)
- The Sales Tax Rate for Ocean City (zip 21842) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ocean City (zip 21842) 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 City (zip 21842)
- The average income of a Ocean City (zip 21842) resident is $46,764 a year. The US average is $28,555 a year.
- The Median household income of a Ocean City (zip 21842) resident is $63,630 a year. The US average is $69,021 a year.