Living in Cape May Point, New Jersey
Cost of living, income, home prices, rent and demographics of Cape May Point · Census data 2020–2024
Cape May Point has 138 residents with a median age of 70.8. The median household income is $86,125 (17% lower than the New Jersey median), the median home value is $1,050,000.
Cape May Point is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cape May Point at a glance
- Population
- 138
- Median age
- 70.8State: 40.1
- Median household income
- $86,125State: $103,556
- Median home value
- $1,050,000State: $454,400
- Homeowners
- 97.6%
- Bachelor's degree or higher
- 49.3%
- Average commute
- 16 min
Is Cape May Point a good place to live?
Pros: An average commute of 16 minutes; a poverty rate of 8%.
Cons: Median household income 17% lower than the New Jersey median; home values 131% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Cape May Point
Housing is the biggest part of the cost of living. In Cape May Point the median home value is $1,050,000, 216% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,500 a month in housing costs.
Cape May Point median household income
The median household income in Cape May Point is $86,125 and the income per person is $135,317. 8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Cape May Point: homes for sale and rent
- Housing units
- 643
- Owner-occupied
- 97.6%
- Renter-occupied
- 2.4%
- Vacant
- 87.2%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 1.34
87.2% of homes are vacant most of the year, a sign that Cape May Point has many vacation and second homes.
Cape May Point demographics
- Population
- 138
- Median age
- 70.8
- Under 18
- 0%
- 65 and older
- 69.6%
- Households
- 82
- Foreign-born
- 21.7%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Cape May Point ›
Education in Cape May Point
49.3% of adults 25 and older in Cape May Point have a bachelor's degree or higher (New Jersey: 43.6%), and 31.9% have a graduate or professional degree.
Jobs and commute in Cape May Point
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 16 minState: 31 min
- Work from home
- 18.8%
- Drive alone
- 50%
- Public transit
- 0%
- Walk to work
- 29.2%
- Homes with broadband
- 90.2%
Cape May Point vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cape May Point | 138 | $86,125 | $1,050,000 | — |
| West Cape May | 1,011 | $91,250 | $751,100 | $1,232 |
| North Cape May | 3,731 | $86,962 | $393,300 | $1,709 |
| Cape May | 2,767 | $62,576 | $863,900 | $1,013 |
| Lower | 21,956 | $84,962 | $364,900 | $1,386 |
| Erma | 1,959 | $96,885 | $409,900 | $1,530 |
| Villas | 9,735 | $80,974 | $301,600 | $1,719 |
| Diamond Beach | 350 | $125,357 | $696,700 | — |
| Wildwood Crest | 3,077 | $69,089 | $590,900 | $957 |
More for people moving to Cape May Point
Cape May Point ZIP code ›Weather and climate ›Living in Cape May Point: FAQ
What is the median household income in Cape May Point, NJ?
The median household income in Cape May Point is $86,125, 17% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cape May Point?
The median home value in Cape May Point is $1,050,000, compared with $454,400 in New Jersey.
Is Cape May Point, NJ a good place to live?
Pluses: an average commute of 16 minutes; a poverty rate of 8%. Minuses: median household income 17% lower than the New Jersey median; home values 131% higher than the state median.
What is the median age in Cape May Point?
The median age in Cape May Point is 70.8 years (New Jersey: 40.1).
How long is the commute in Cape May Point?
The average commute to work in Cape May Point is 16 minutes; 18.8% of workers work from home.
What is the unemployment rate in Cape May Point?
The unemployment rate in Cape May Point is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cape May Point?
49.3% of adults in Cape May Point have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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