Living in North Cape May, New Jersey
Cost of living, income, home prices, rent and demographics of North Cape May · Census data 2020–2024
North Cape May has 3,731 residents with a median age of 58.1. The median household income is $86,962 (16% lower than the New Jersey median), the median home value is $393,300, the median rent is $1,709/month.
North Cape May at a glance
- Population
- 3,731
- Median age
- 58.1State: 40.1
- Median household income
- $86,962State: $103,556
- Median home value
- $393,300State: $454,400
- Median rent
- $1,709/moState: $1,720
- Homeowners
- 73.6%
- Bachelor's degree or higher
- 31.5%
- Average commute
- 20 min
Is North Cape May a good place to live?
Pros: Home values 13% lower than the state median; an average commute of 20 minutes; unemployment of 4.4%; a poverty rate of 6.1%.
Cons: Median household income 16% lower than the New Jersey median.
The weather is best in May–June and August–September.
Cost of living in North Cape May
Housing is the biggest part of the cost of living. In North Cape May the median home value is $393,300, 18% higher than the U.S. median. Renters pay a median of $1,709 per month, which is 23% of household income. Homeowners with a mortgage pay $2,080 a month in housing costs.
North Cape May median household income
The median household income in North Cape May is $86,962 and the income per person is $54,714. 6.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in North Cape May: homes for sale and rent
- Housing units
- 3,078
- Owner-occupied
- 73.6%
- Renter-occupied
- 26.4%
- Vacant
- 33.3%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 1.81
33.3% of homes are vacant most of the year, a sign that North Cape May has many vacation and second homes.
North Cape May demographics
- Population
- 3,731
- Median age
- 58.1
- Under 18
- 13%
- 65 and older
- 31.9%
- Households
- 2,054
- Foreign-born
- 3.3%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of North Cape May ›
Education in North Cape May
31.5% of adults 25 and older in North Cape May have a bachelor's degree or higher (New Jersey: 43.6%), and 10.3% have a graduate or professional degree.
Jobs and commute in North Cape May
- Unemployment rate
- 4.4%State: 6.3%
- Average commute
- 20 minState: 31 min
- Work from home
- 16.6%
- Drive alone
- 71.7%
- Public transit
- 0.9%
- Walk to work
- 3.4%
- Homes with broadband
- 92.5%
North Cape May vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| North Cape May | 3,731 | $86,962 | $393,300 | $1,709 |
| Lower | 21,956 | $84,962 | $364,900 | $1,386 |
| Villas | 9,735 | $80,974 | $301,600 | $1,719 |
| West Cape May | 1,011 | $91,250 | $751,100 | $1,232 |
| Cape May Point | 138 | $86,125 | $1,050,000 | — |
| Erma | 1,959 | $96,885 | $409,900 | $1,530 |
| Cape May | 2,767 | $62,576 | $863,900 | $1,013 |
| Rio Grande | 3,485 | $76,250 | $317,400 | $1,305 |
| Diamond Beach | 350 | $125,357 | $696,700 | — |
More for people moving to North Cape May
North Cape May ZIP code ›Weather and climate ›Living in North Cape May: FAQ
What is the median household income in North Cape May, NJ?
The median household income in North Cape May is $86,962, 16% 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 North Cape May?
The median home value in North Cape May is $393,300, compared with $454,400 in New Jersey.
How much is rent in North Cape May?
The median gross rent in North Cape May is $1,709 per month, about 23% of household income.
Is North Cape May, NJ a good place to live?
Pluses: home values 13% lower than the state median; an average commute of 20 minutes; unemployment of 4.4%; a poverty rate of 6.1%. Minuses: median household income 16% lower than the New Jersey median.
What is the median age in North Cape May?
The median age in North Cape May is 58.1 years (New Jersey: 40.1).
How long is the commute in North Cape May?
The average commute to work in North Cape May is 20 minutes; 16.6% of workers work from home.
What is the unemployment rate in North Cape May?
The unemployment rate in North Cape May is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is North Cape May?
31.5% of adults in North Cape May 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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