States › Florida › Ocean City

Is Ocean City, FL expensive to live in?

OKRent takes 29 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,51813% lower than U.S. average
💵 Families earn per year (2026)$63,674about $5,306/month · 27% lower than U.S. average
🔑 House price$303,9009% lower than U.S. average

Rent is lower than in 57% of U.S. cities. A typical house costs about 4.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $60,720 a year. That is $29 an hour at a full-time job.

Is rent cheaper than other Florida cities?

Yes. Rent here is cheaper than in most of Florida. It is number 102 of 479 cities from cheapest to most expensive.

Ocean City
$1,518
Osprey
$2,311
Fort Myers Shores
$1,649
Cocoa West
$1,223
Zephyrhills West
$1,186
Starke
$690
Dundee
$1,713

How much do households earn in Ocean City?

Under $25k
10.1%
$25k–50k
40.7%
$50k–100k
29.8%
$100k–150k
12.2%
$150k+
6.2%

Share of households by yearly income. 18.3% of households earn $100,000 or more.

Rent by apartment size in Ocean City

SizeOcean CityU.S. average
Studio$1,126$1,338
1 bedroom$1,425$1,324
2 bedrooms$1,498$1,509
3 bedrooms$1,874$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Ocean City overall?

Everyday prices in Florida overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
122
Goods (food, clothes…)
98
Utilities
90
Other services
101
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Ocean City, so the Florida figure is shown.

Taxes and bills in Ocean City

🏛️ Property tax$2,127a year · 0.70% of home value · U.S. $3,119
⚡ Electric bill$153a month (typical) · U.S. $156

Life in Ocean City

Commute to work25 minU.S.: 26.4 min
College degree26.5%U.S.: 35.7%
Own their home57.7%U.S.: 65.2%
Below poverty line9.2%U.S.: 12.5%
Unemployment4.4%U.S.: 5.2%

Is it cheaper to rent or buy in Ocean City?

Renting is cheaper right now: about $591 a month less.

Renting
$1,518
Owning
$2,109

Owning assumes a typical $303,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,390 for the down payment.

Frequently asked questions

What is the average rent in Ocean City, FL?

Renting in Ocean City costs a median of about $1,518 a month in 2026, including utilities. The Florida median is $1,963.

How much do I need to make to live in Ocean City?

To keep rent under 30% of income, you need about $60,720 a year, or $29 an hour at a full-time job.

Is Ocean City cheap or expensive?

Ocean City is rated OK: rent takes 28.6% of the typical household income of $63,674. It ranks 102nd cheapest of 479 Florida cities we track.

How much are property taxes in Ocean City?

The median homeowner in Ocean City pays $2,127 a year in property taxes, about 0.70% of the median home value.

Is Ocean City more expensive than the national average?

Overall prices in Florida are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Ocean City?

The median home value in Ocean City is $303,900, about 4.8 times the typical yearly household income.

5,941 people live in Ocean City. Numbers are typical (middle) values.