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ZipNumbers

New Jersey · Census place 10270

Cape May city, NJ

Quick answer

Cape May city has 2,789 residents, ranking #400 of 700 places in New Jersey. Median household income is $57,230, the median home is worth $823,800 and median gross rent runs $1,013 a month.

Population
2,789Cape May city residents
Median household income
$57,230Past 12 months, inflation adjusted
Median home value
$823,800Owner-occupied units
Median gross rent
$1,013Rent plus utilities, monthly
Median age
54.4 yrsAll residents
Homeownership rate
63%Owner-occupied households

What the numbers mean in Cape May city

Housing cost measured against local earnings.

A household earning the Cape May city median would spend about 21.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 14.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.5% of residents and 63% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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