Waterfront communities in the United States, whether rural or urban, recreational or industrialized, have been subject to economic, technological, ecological, and demographic changes that challenge their continued existence or development. The purpose of this study is to document the current status, contribution to regional economies, and future prospects of U.S. coastal communities in order help promote their long‐term economic prosperity. A review of the relevant literature on economic valuation of waterfront and ocean‐related economic activities found that previous studies usually evaluated only one particular economic sector or specific region. The present study attempts to provide a comprehensive evaluation of all ocean‐related economic activity for all coastal regions of the United States