Ocean City business statistics
Employer establishments with 1-49 employees
(2007) |
4,063 |
3,516 |
Small business growth rate
(2004-2007) |
-2% |
4.1% |
State business tax climate ranking
(out of 50 states) |
50 |
N/A |
Percentage of population with bachelor's degree
(ages 25-34) |
24.4% |
23.5% |
Violent crime
(rate per 100,000 inhabitants, 2007) |
362.8 |
385.1 |
Property crime
(rate per 100,000 inhabitants, 2007) |
4,989.2 |
3,395.2 |
Population growth
(2003-2008) |
-5% |
4.93% |
Per-capita income
(2007) |
$42,052 |
$31,933 |
Per-capita income growth
(2002-2007) |
22% |
23.6% |
GDP (in millions)
(2006) |
$3,957 |
$4,952 |
GDP growth
(2001-2006) |
42% |
33% |
Average hourly wage
(2008) |
18.5 |
$17.50 |
Housing foreclosure rate
(first half of 2009) |
195 |
850 |
Median rent
(2009, for a 2-bedroom housing unit) |
$978 |
$737 |
Housing price-to-income (HPI) ratio
(first quarter of 2009) |
3.0% |
1.8% |
Long-term HPI ratio
(20-year average, 1984-2004) |
1.76% |
1.67% |
HPI deviation from long-term average
|
61% |
0.1% |
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From the November 2009 issue |
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Tell us why: Low taxes? Talented workers? An active small business community? Send us your photos and videos, and you could be featured in our upcoming coverage of reader-picked Best Places to Launch. More
