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GreatPlacesToRetire |
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Ocean City, New Jersey is one of the great places in the U.S. to live in retirement. Find city facts on home sales prices, air quality, water quality, medical care, cost of living, taxes, weather and other demographics. | |
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Read the city profile and recent blog posts from local real estate and community experts. The EPA map shows superfund cleanups in the area and the interactive map provides a birds-eye view of the city. Links in the data below provide a list of cities similar to Ocean City in that certain data category. Check back often for home price updates. 
Near the boardwalk in Ocean City, New Jersey
© iStockPhoto.com/sarent |
| Ocean City Population | |||
| . | 1990 | 2000 | 2010 |
| Cape May County | blank | blank | 97,265 |
| Ocean City | 15,512 | 15,378 | 11,701 |
| Ocean City Home Sales Prices (new & existing homes) |
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| . | Monthly Average | Annual Average | Yr-Over-Yr Change | |
| 2012 | . | $550,161 | -5.6% | |
| Mar | $555,000 | . | . | |
| Feb | $583,000 | . | . | |
| Jan | $495,000 | . | . | |
| 2011 | . | $583,002 | 1.9% | |
| 2010 | . | $572,061 | -3.4% | |
| 2009 | . | $592,462 | -5.5% | |
| 2008 | . | $627,021 | 18.7% | |
| 2007 | . | $528,304 | -18.2% | |
| 2006 | . | $645,956 | -2.5% | |
| 2005 | . | $662,822 | 17.2% | |
| Home Sales Price to Big City Comparison (2012) |
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| . | Ocean City | GPTR 99 City Avg |
| Home Price | $550,161 | $276,000 |
| Nearest Big City | Philadelphia | na |
| Home Sales Price in Philadelphia | $201,000 | $205,000 |
| Home Sales Price Bargain Index | 274% of Philadelphia home prices | 145% |
| Home Sales Price to Renting Comparison (2012) |
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| . | Ocean City | GPTR 99 City Avg |
| Home Price | $550,161 | $276,000 |
| Monthly Rent | $1,308 | $1,353 |
| Price/Rent Index | 28.2 times the annual rent | 14.7 |
| Ocean City Cost of Living (2012) |
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| 193% | GPTR 99 City Average 123% |
| Ocean City Taxes (2012) |
|||||
| blank | Tax Rate | Days Worked to Pay | State Rank | Tax Rate (99 City Avg) |
Days Worked to Pay (99 City Avg) |
| State and Local Sales Tax | 7.0% | -- | 22* | 6.8% | -- |
| Federal, State and Local Tax | -- | 122 days | 2* | -- | 107 days |
| * State rank of 1 pays the highest taxes | |||||
| Ocean City Building Permits (single family homes) |
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| 2010 | 29 | |
| 2009 | 26 | |
| 2008 | 52 | |
| 2007 | 64 | |
| 2006 | 97 | |
| 2005 | 154 | |
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