Ocean City, FL Cost Of Living
Cost Of Living In Ocean City, FL Summary
Cost of living in Ocean City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Ocean City is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Ocean City is 98, with 100 being the average.
The cost of living index in Ocean City is 1.0x lower than the national average.
Ocean City ranks as the #218 cheapest in Florida out of 459.
Ocean City ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Ocean City is $229,400.
The median income in Ocean City is $49,653.
Table Of Contents
Ocean City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ocean City, FL?
According to the most recent data on the cost of living, Ocean City has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Florida, Ocean City has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Ocean City ranks as #218 most affordable out of the 459 places we measured in Florida. By definition, that implies Ocean City ranks as the #241 most expensive place in the Sunshine State.
For more reading on life in Ocean City, check out:
- Living In Ocean City
- Search Homes For Sale In Ocean City, FL
In Florida
In America
Ocean City Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Ocean City. Here is how it fairs on each of the criteria:
The Services index in Ocean City is 93.
The Groceries index in Ocean City is 98.
The Health index in Ocean City is 94.
The Housing index in Ocean City is 92.
The Transportation index in Ocean City is 96.
The Utilities index in Ocean City is 122.
| Living Expense | Ocean City | Florida | National Average | |
|---|---|---|---|---|
| Overall | 98 | 101 | 100 | |
| Services | 93 | 98 | 100 | |
| Groceries | 98 | 101 | 100 | |
| Health | 94 | 96 | 100 | |
| Housing | 92 | 108 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 122 | 100 | 100 | |
Ocean City, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Ocean City is $229,400.
The Median Rent in Ocean City is $1,150.
The Median Income in Ocean City is $49,653.
The Home Value To Income in Ocean City is 4.6x.
The Rent To Monthly Income in Ocean City is 0.28x.
| Statistic | Ocean City | Florida | United States |
|---|---|---|---|
| Median Home Value | $229,400 | $248,700 | $244,900 |
| Median Rent | $1,150 | $1,301 | $1,163 |
| Median Income | $49,653 | $61,777 | $69,021 |
| Home Value To Income | 4.6x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.25x | 0.2x |
Median Home Value
Median Rent
Median Income
Ocean City, FL Costs By Category
Detailed Ocean City Services Costs Vs. Florida
| Item | Ocean City | Florida |
|---|---|---|
| Shampoo | $0.91 | $1.06 |
| Movie | $10.11 | $10.68 |
| Bowling | $13.56 | $14.67 |
| Haircut | $20.99 | $18.62 |
| Beauty Salon | $40.18 | $39.05 |
Detailed Ocean City Groceries Costs Vs. Florida
| Item | Ocean City | Florida |
|---|---|---|
| Ground Beef | $4.78 | $4.22 |
| Fried Chicken | $1.12 | $1.39 |
| Milk | $2.74 | $2.05 |
| Potatoes | $4.2 | $3.29 |
| Pizza | $10.82 | $10.62 |
| Beer | $10.29 | $9.38 |
| Toothpaste | $2.54 | $2.34 |
Detailed Ocean City Health Costs Vs. Florida
| Item | Ocean City | Florida |
|---|---|---|
| Optometrist | $67.63 | $108.57 |
| Doctor | $93.0 | $116.17 |
| Dentist | $100.33 | $99.13 |
Detailed Ocean City Transportation Costs Vs. Florida
| Item | Ocean City | Florida |
|---|---|---|
| Gasoline | $2.29 | $2.22 |
| Tire Balancing | $40.98 | $50.07 |
Detailed Ocean City Utilities Costs Vs. Florida
| Item | Ocean City | Florida |
|---|---|---|
| All Electricity | $223.75 | $167.67 |
| Phone | $188.77 | $175.64 |
Ocean City SnackAbility
/10
