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According to statistics, the population in Ocean City, MD amounts to 7,026, which shows decline 0% compared to the previous year. The median age of the city’s residents is 56. The average household income is $54,659, shifting growth 3% from the past year, and the average property value in Ocean City, MD growth 6% to $290,700 throughout the year.
|Number Of Employees||3,500|
|Median Property Value||$290,700|
The average household income in Ocean City, MD grew from $53,288 to $54,659 in the past year. This data is an estimate based upon 3,412 households in Ocean City, MD . The chart below presents how household income is distributed in Ocean City, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Ocean City, MD shifted from $275,200 to $290,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ocean City, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ocean City, MD properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Ocean City, MD compared to median property taxes around the country. The prevalent amount of property taxes in Ocean City, MD equals $3000, which is less than the national average.
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