Manageable

What Salary Do You Need to Live in Ocean Grove?

To afford a 2-bedroom in Ocean Grove, you need to earn at least $63,960/year based on estimated fair market rent data. The median household income here is $75,208, which means the typical resident is $11,248 above the threshold.

Census ACS Data Pop. 2,691

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,119	$3,730	$44,760	$-30,448
1 Bedroom	$1,327	$4,423	$53,080	$-22,128
2 Bedroom BENCHMARK	$1,599	$5,330	$63,960	$-11,248
3 Bedroom	$1,951	$6,503	$78,040	+$2,832
4 Bedroom	$2,399	$7,997	$95,960	+$20,752

Affordability Breakdown

Where the required salary line crosses above Ocean Grove's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$75,208

Annual household

2BR Required Salary

$63,960

Under 30% rule

Income Gap

+$11,248

Surplus

Verdict

Manageable

Ratio: 25.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Ocean Grove

Your Annual Salary

Pre-filled with Ocean Grove's median household income

Max monthly rent you can afford$1,880

Studio

$1,119/mo

1 BR

$1,327/mo

2 BR

$1,599/mo

3 BR

$1,951/mo

4 BR

$2,399/mo

Your salary is $0 above the median income in Ocean Grove.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Ocean Grove's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Ocean Grove

Renting in Ocean Grove, Massachusetts is doable for median earners, but tight. A 2-bedroom requires roughly $63,960/year under the 30% rule, and with a median income of $75,208, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($1,327/month) or studio ($1,119/month) materially improves the math. For those needing more space, a 3-bedroom in Ocean Grove pushes the required income to $78,040.

For comfortable living in Ocean Grove without financial stress, target a household income of at least $95,940 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Massachusetts's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Ocean Grove, Massachusetts.

With a total population of 2,691, the city supports an active civilian workforce of 1,307 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $63,960 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

1,307

Active civilian employees in Ocean Grove

Frequently Asked Questions About Renting in Ocean Grove

What salary do I need to live in Ocean Grove, Massachusetts?

To afford a 2-bedroom in Ocean Grove under the 30% rule, you need an annual salary of at least $63,960. The median household income in Ocean Grove is $75,208.

Can I afford a 2-bedroom in Ocean Grove on $75,208?

The affordability verdict for Ocean Grove is "Manageable". The rent-to-income ratio is 25.5%, meaning median earners have a $11,248 surplus.

What is the average rent in Ocean Grove compared to median income?

The median gross rent in Ocean Grove is $1,327/month. With a median household income of $75,208, residents spend approximately 25.5% of their income on rent.

What salary do I need for a studio in Ocean Grove?

A studio in Ocean Grove rents for approximately $1,119/month. Under the 30% rule, you need an annual salary of $44,760 to afford this.

Is Ocean Grove considered an affordable place to live?

Based on the surplus of $11,248 and an affordability verdict of "Manageable", Ocean Grove is considered a manageable rental market when comparing the required 2-bedroom salary of $63,960 to the local median household income.

How Ocean Grove Compares

Other cities in Massachusetts with salary requirements