Cost of Living in Ocean City, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
120.6
100 = national avg
+20.6 vs national average
Living Wage (1 Adult)
$53,075
per year
Living Wage (Family of 4)
$125,450
per year
Cost Index by Category
Housing156.3
Food103.3
Transportation85.8
Healthcare102.6
Utilities113.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,035
per month
2 Bedroom
$1,194
per month
The overall cost of living index in Ocean City is 120.6, which is 20.6% above the national average. Housing costs are above the national average at an index of 156.3. A single adult needs to earn approximately $53,075 per year to cover basic expenses.