Cape May

Population: 2,789
Median household income: $57,230
Median home value: $823,800

Located in Cape May County, New Jersey, Cape May is a community with a population of 2,789. Its median household income of $57,230 runs below the Cape May County figure of $88,046.

From 2019 to 2023, Cape May's population declined 19.5% from 3,463 to 2,789, while its median home value rose 26.2% from $652,900 to $823,800.

The typical home was built around 1971. 7.5% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 2,789
Median age: 54.4 yrs
Median household income: $57,230
Median home value: $823,800
Median gross rent: $1,013
Housing units: 3,898
Homeownership rate: 63.0%
Bachelor's degree or higher: 50.0%
Unemployment rate: 2.5%

Trends

ACS 5-year · 2019–2023

Population

3,4632,789

Median household income

$55,700$57,230

Median home value

$652,900$823,800

Median gross rent

$1,009$1,013

Year	Population	Median household income	Median home value	Median gross rent
2019	3,463	$55,700	$652,900	$1,009
2020	3,446	$64,330	$651,600	$1,119
2021	2,922	$71,875	$633,200	$1,066
2022	2,815	$69,896	$767,000	$1,077
2023	2,789	$57,230	$823,800	$1,013

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 51.2%

5 to 1711.1%

18 to 2412.3%

25 to 3410.6%

35 to 4410.3%

45 to 544.8%

55 to 6417.8%

65 to 7421.3%

75 and over10.5%

	Count	Share
Under 5	33	1.2%
5 to 17	309	11.1%
18 to 24	343	12.3%
25 to 34	296	10.6%
35 to 44	288	10.3%
45 to 54	135	4.8%
55 to 64	497	17.8%
65 to 74	594	21.3%
75 and over	294	10.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,207	79.1%
Black or African American	50	1.8%
American Indian & Alaska Native	0	0.0%
Asian	1	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	169	6.1%
Hispanic or Latino (any race)	362	13.0%

Educational attainment (age 25+)

No high school diploma3.3%

High school graduate17.4%

Some college or associate's29.3%

Bachelor's degree29.7%

Graduate or professional degree20.3%

	Count	Share
No high school diploma	69	3.3%
High school graduate	367	17.4%
Some college or associate's	616	29.3%
Bachelor's degree	624	29.7%
Graduate or professional degree	428	20.3%

Commute to work

Mean travel time to work: 18 min

Drove alone72.3%

Carpooled3.7%

Public transit0.1%

Walked9.0%

Bicycle5.0%

Worked from home8.4%

Other means1.6%

How workers get to work

	Count	Share
Drove alone	992	72.3%
Carpooled	51	3.7%
Public transit	2	0.1%
Walked	123	9.0%
Bicycle	68	5.0%
Worked from home	115	8.4%
Other means	22	1.6%

Travel time

	Count	Share
Under 15 min	676	53.7%
15 to 29 min	398	31.6%
30 to 44 min	65	5.2%
45 to 59 min	52	4.1%
60+ min	67	5.3%

Households

Average household size: 1.90
Poverty rate: 7.5% (196 of 2,620)

	Count	Share
Family households	771	56.3%
Nonfamily households	598	43.7%

Housing

Median year structure built: 1971

Occupancy

	Count	Share
Occupied	1,369	35.1%
Vacant	2,529	64.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	862	63.0%
Renter-occupied	507	37.0%

1-unit, detached51.5%

1-unit, attached29.6%

2 to 4 units10.9%

5 to 19 units2.6%

20 or more units5.5%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	2,006	51.5%
1-unit, attached	1,152	29.6%
2 to 4 units	424	10.9%
5 to 19 units	101	2.6%
20 or more units	215	5.5%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3410270
Type (LSAD): 25
Land area: 2.47 sq mi
Water area: 0.42 sq mi
Center point: 38.9411, -74.8984