Ocean City, MD Profile: Facts & Data

Ocean City, Maryland - Basic Facts

The Town of Ocean City had a population of 6,787 as of July 1, 2024.

The primary coordinate point for Ocean City is located at latitude 38.3365 and longitude -75.0849 in Worcester County. The formal boundaries for the Town of Ocean City encompass a land area of 4.41 sq. miles and a water area of 4.97 sq. miles. Worcester County is in the Eastern time zone (GMT -5).

The Town of Ocean City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Ocean City is located within District 7, Ocean City, a minor civil division (MCD) of Worcester County.

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Ocean City, MD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	6,787 (100%)
Population in Households	6,743 (99.4%)
Population in Families	4,170 (61.4%)
Population in Group Quarters¹	44 ( 0.6%)
Population Density	1,498
Diversity Index²	32


INCOME
Median Household Income	$57,065
Average Household Income	$94,132
% of Income for Mortgage⁴	51%
Per Capita Income	$53,244
Wealth Index⁵	99
Socioeconomic Status Index⁶	Moderate (53.3)

HOUSING
Total HU (Housing Units)	30,137 (100%)
Owner Occupied HU	2,649 ( 8.8%)
Renter Occupied HU	1,189 ( 3.9%)
Vacant Housing Units	26,299 (87.3%)
Median Home Value	$465,665
Average Home Value	$544,715
Housing Affordability Index³	49

HOUSEHOLDS
Total Households	3,838
Average Household Size	1.76
Family Households	1,647
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

30,137 (100%)

Owner Occupied HU

2,649 ( 8.8%)

Renter Occupied HU

1,189 ( 3.9%)

Vacant Housing Units

26,299 (87.3%)

Median Home Value

$465,665

Average Home Value

$544,715

Housing Affordability Index³

HOUSEHOLDS

Total Households

3,838

Average Household Size

1.76

Family Households

1,647

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.20%	-0.48%
Households	0.11%	-0.10%
Families		-0.31%
Median Household Income		1.30%
Per Capita Income		2.51%
Owner Occupied HU		0.39%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.20%

-0.48%

Households

0.11%

-0.10%

Families

-0.31%

Median Household Income

1.30%

Per Capita Income

2.51%

Owner Occupied HU

0.39%

Ocean City, MD - Peer Comparisons by Rank and Percentile

The table below compares Ocean City to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 175	68th
Population Density	# 252	53rd
Median Household Income	# 467	13th
Housing Affordability Index	# 77	14th
Per Capita Income	# 210	61st
Diversity Index	# 387	28th

Variable Description

Rank

Percentile

Total Population

# 175

68th

Population Density

# 252

53rd

Median Household Income

# 467

13th

Housing Affordability Index

# 77

14th

Per Capita Income

# 210

61st

Diversity Index

# 387

28th

Maryland Census Data Comparison Tool

Ocean City, MD Profile: Facts & Data

Ocean City, Maryland - Basic Facts

Ocean City, MD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ocean City, MD - Peer Comparisons by Rank and Percentile

Ocean City, MD - Most Popular Things to Do

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