Living in Ocean City, New Jersey
Cost of living, income, home prices, rent and demographics of Ocean City · Census data 2020–2024
Ocean City has 11,261 residents with a median age of 56.1. The median household income is $101,782 (about the same as the New Jersey median), the median home value is $840,500, the median rent is $1,683/month.
Ocean City at a glance
- Population
- 11,261
- Median age
- 56.1State: 40.1
- Median household income
- $101,782State: $103,556
- Median home value
- $840,500State: $454,400
- Median rent
- $1,683/moState: $1,720
- Homeowners
- 72.7%
- Bachelor's degree or higher
- 56.7%
- Average commute
- 27 min
Is Ocean City a good place to live?
Pros: An average commute of 27 minutes; unemployment of 3.2%.
Cons: Median household income about the same as the New Jersey median; home values 85% higher than the state median; a poverty rate of 9.8%.
The weather is best in May–June and August–September.
Cost of living in Ocean City
Housing is the biggest part of the cost of living. In Ocean City the median home value is $840,500, 153% higher than the U.S. median. Renters pay a median of $1,683 per month, which is 38.5% of household income. Homeowners with a mortgage pay $3,242 a month in housing costs.
Ocean City median household income
The median household income in Ocean City is $101,782 and the income per person is $71,999. 9.8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Ocean City: homes for sale and rent
- Housing units
- 21,191
- Owner-occupied
- 72.7%
- Renter-occupied
- 27.3%
- Vacant
- 73.2%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 1.97
73.2% of homes are vacant most of the year, a sign that Ocean City has many vacation and second homes.
Ocean City demographics
- Population
- 11,261
- Median age
- 56.1
- Under 18
- 15.5%
- 65 and older
- 33.8%
- Households
- 5,689
- Foreign-born
- 7.5%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Ocean City ›
Education in Ocean City
56.7% of adults 25 and older in Ocean City have a bachelor's degree or higher (New Jersey: 43.6%), and 26.7% have a graduate or professional degree.
Jobs and commute in Ocean City
- Unemployment rate
- 3.2%State: 6.3%
- Average commute
- 27 minState: 31 min
- Work from home
- 19.3%
- Drive alone
- 57.5%
- Public transit
- 0.4%
- Walk to work
- 6.4%
- Homes with broadband
- 94.1%
Ocean City vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ocean City | 11,261 | $101,782 | $840,500 | $1,683 |
| Marmora | 2,039 | $105,536 | $438,400 | $1,875 |
| Somers Point | 10,515 | $71,062 | $309,200 | $1,383 |
| Longport | 901 | $109,135 | $1,088,000 | $2,514 |
| Palermo | 2,696 | $101,005 | $395,400 | — |
| Linwood | 6,992 | $156,354 | $394,700 | $2,188 |
| Corbin City | 662 | $84,609 | $224,400 | $1,307 |
| Strathmere | 266 | $108,953 | $1,089,300 | — |
| Margate City | 5,234 | $121,800 | $708,800 | $1,347 |
More for people moving to Ocean City
Ocean City ZIP code ›Weather and climate ›Living in Ocean City: FAQ
What is the median household income in Ocean City, NJ?
The median household income in Ocean City is $101,782, about the same as the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ocean City?
The median home value in Ocean City is $840,500, compared with $454,400 in New Jersey.
How much is rent in Ocean City?
The median gross rent in Ocean City is $1,683 per month, about 38.5% of household income.
Is Ocean City, NJ a good place to live?
Pluses: an average commute of 27 minutes; unemployment of 3.2%. Minuses: median household income about the same as the New Jersey median; home values 85% higher than the state median; a poverty rate of 9.8%.
What is the median age in Ocean City?
The median age in Ocean City is 56.1 years (New Jersey: 40.1).
How long is the commute in Ocean City?
The average commute to work in Ocean City is 27 minutes; 19.3% of workers work from home.
What is the unemployment rate in Ocean City?
The unemployment rate in Ocean City is 3.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ocean City?
56.7% of adults in Ocean City have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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