Cost of Living in North Cape May, NJ
Population 3,577 · New Jersey · Data vintage 2023
(100 = US avg)
With a median age of 58, North Cape May functions largely as a retirement market. Housing costs — $324,000 for a typical home — anchor most household budgets, and the state's treatment of pension income tends to matter more than wage-driven tax comparisons.
Geographically, North Cape May is about 70 miles south of Philadelphia, the nearest large metro. Median home values run roughly 39% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Cape May
The median home value in North Cape May is $323,900 — 6% above the national median of $305,000. Median rent runs $1,331/month, 1% higher than the national median of $1,314/month. The median household income of $82,198/year is 10% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. Overall, North Cape May has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.
North Cape May has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in North Cape May, NJ?
North Cape May has a cost index of 104 (100 = national average). It is 4% above the national average.
What is average rent in North Cape May, NJ?
The median gross rent in North Cape May is $1,331 per month based on 2023 Census data.
What is the average home price in North Cape May?
The median home value in North Cape May is $323,900 according to 2023 Census ACS data.
What is the median income in North Cape May?
The median household income in North Cape May is $82,198 per year (2023 ACS 5-year estimates).
What is the sales tax in North Cape May, NJ?
The combined state and local sales tax rate in North Cape May is 6.6%. The New Jersey state income tax top rate is 10.8%.
Is North Cape May, NJ affordable?
North Cape May is near the national average in terms of cost of living, with an index of 104 (100 = US average).
North Cape May at a Glance
- Population
- 3,577
- Median Income
- $82,198
- Home Value
- $323,900
- Median Rent
- $1,331/mo
- Unemployment
- 5.9%
- Sales Tax
- 6.6%
Nearby Cities
Explore county-level cost of living data
New Jersey Rankings
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