Ocean City, NJ Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Ocean City, NJ 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 New Jersey, 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 146, with 100 being the average.

  • The cost of living index in Ocean City is 1.5x higher than the national average.

  • Ocean City ranks as the #190 cheapest in New Jersey out of 251.

  • Ocean City ranks as the #5,742 cheapest out of 6,412 in the US.

  • The median home value in Ocean City is $594,700.

  • The median income in Ocean City is $88,414.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
146
Ocean City's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Ocean City, NJ?

According to the most recent data on the cost of living, Ocean City has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.

Compared to New Jersey, Ocean City has a cost of living index that's 1.3x higher than New Jersey's index of 111.

The standard of living in Ocean City ranks as #190 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Ocean City ranks as the #61 most expensive place in the Garden State.

For more reading on life in Ocean City, check out:

190 out of 251
In New Jersey
5,742 out of 6,412
In America

Ocean City Cost Of Living Vs. New Jersey

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 97.

  • The Groceries index in Ocean City is 103.

  • The Health index in Ocean City is 92.

  • The Housing index in Ocean City is 249.

  • The Transportation index in Ocean City is 106.

  • The Utilities index in Ocean City is 95.

Living Expense Ocean City New Jersey National Average
Overall 146 111 100
Services 97 104 100
Groceries 103 104 100
Health 92 95 100
Housing 249 130 100
Transportation 106 106 100
Utilities 95 108 100
For more reading on cost of living around New Jersey, check out:
Ocean City Cost of Living Vs. NJ

Ocean City, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, 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 $594,700.

  • The Median Rent in Ocean City is $1,332.

  • The Median Income in Ocean City is $88,414.

  • The Home Value To Income in Ocean City is 6.7x.

  • The Rent To Monthly Income in Ocean City is 0.18x.

Statistic Ocean City New Jersey United States
Median Home Value $594,700 $355,700 $244,900
Median Rent $1,332 $1,436 $1,163
Median Income $88,414 $89,703 $69,021
Home Value To Income 6.7x 4.0x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Ocean City, NJ
$594,700
Median Home Value
$1,332
Median Rent
$88,414
Median Income

Ocean City, NJ Costs By Category

Detailed Ocean City Services Costs Vs. New Jersey

Item Ocean City New Jersey
Shampoo $1.03 $1.06
Movie $10.99 $10.68
Bowling $13.51 $14.67
Haircut $18.79 $18.62
Beauty Salon $36.26 $39.05

Detailed Ocean City Groceries Costs Vs. New Jersey

Item Ocean City New Jersey
Ground Beef $4.23 $4.22
Fried Chicken $1.43 $1.39
Milk $2.48 $2.05
Potatoes $2.69 $3.29
Pizza $10.99 $10.62
Beer $9.0 $9.38
Toothpaste $1.92 $2.34

Detailed Ocean City Health Costs Vs. New Jersey

Item Ocean City New Jersey
Optometrist $113.84 $108.57
Doctor $81.68 $116.17
Dentist $101.93 $99.13

Detailed Ocean City Transportation Costs Vs. New Jersey

Item Ocean City New Jersey
Gasoline $2.25 $2.22
Tire Balancing $58.27 $50.07

Detailed Ocean City Utilities Costs Vs. New Jersey

Item Ocean City New Jersey
All Electricity $155.11 $167.67
Phone $180.04 $175.64

Ocean City SnackAbility

9
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
6
Diversity
6
Safety
7
Amenities
8.5
Education
9
Commute
5

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