Ocean Pines, MD

Above Avg · 120

Maryland · Population 12,028 · Updated March 2026

$1,923
Median Rent / Month
$91,400
Median Income
$352,600
Median Home Value
$1,475
Owner Costs / Month

Affordability

How far your income goes in Ocean Pines

25.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$23,076
Annual Rent
$5,256
State Income Tax
$3,773
Property Tax (est.)

Cost of Living Overview

Ocean Pines has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 120 (where 100 equals the national median), Ocean Pines residents can expect to pay median rent of $1,923/month while earning a median household income of $91,400/year.

The median home value in Ocean Pines, MD is $352,600, with typical monthly owner costs around $1,475 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Ocean Pines falls within the generally affordable range, though it's approaching the 30% burden threshold.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Ocean Pines.

Frequently Asked Questions

Common questions about living costs in Ocean Pines

What is the cost of living in Ocean Pines, MD?
The cost of living index in Ocean Pines, MD is 120 (US average = 100). Median monthly rent is $1,923, median household income is $91,400/year, and the median home value is $352,600.
Is Ocean Pines, MD affordable?
No, Ocean Pines is more expensive than the national average with a cost index of 120. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ocean Pines, MD?
The median gross rent in Ocean Pines, MD is $1,923 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,076.
What is the median household income in Ocean Pines?
The median household income in Ocean Pines, MD is $91,400 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.