Apartments for rent in Ocean City, MD

A small town located in Maryland, Ocean City has a population of just over 7,000. It's a comfortable place to settle down, as retirees make up a greater percentage of the population (33%) here than they do nationally (14%), while young adults appear in smaller numbers. At an average age of just over 52, the town's population is notablyolder than most cities in Maryland, ranking as the eighth-oldest municipality in the state. Renters tend to be in the minority in the area, and 75% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $1,053/month. Over the course of a year, renters in Ocean City will save around $3,500 compared to the state average.

With an average commute time of about 23 minutes, faster than most cities in the state, Ocean City residents know that getting to work isn't overly time-consuming. Many residents (38%) drive their car or truck to work, while public transit is not extensively used. Walking (4%) isn't a common way to get to work, though the number exceeds the national average.

Compared to the national average (21%), Ocean City has a relatively large percentage of residents older than 25 who have a Bachelor's, Master's, Professional, or Doctoral degree (28%). Many Ocean City residents work in one of two industries: entertainment and retail. Combined, these industries account for 23% of the workforce in the town. Meanwhile, looking at job function, 10% of residents work in sales, making it the top career path in the town. With an average annual income of around $77,000, Ocean City workers earn about $16,000 less than their peers elsewhere in the state. However, Ocean City's average income is just about on par with the national average ($73,345).