Palermo

Population: 2,667
Median household income: $98,000
Median home value: $393,900

Located in Cape May County, New Jersey, Palermo is a community with a population of 2,667. At $98,000, its median household income sits above Cape May County's $88,046.

From 2020 to 2023, Palermo's population grew 2.0% from 2,614 to 2,667, while its median home value rose 23.9% from $317,900 to $393,900.

White (non-Hispanic) residents are the largest group, 96.4% of the population. 84.0% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 2,667
Median age: 43.7 yrs
Median household income: $98,000
Median home value: $393,900
Median gross rent: —
Housing units: 1,259
Homeownership rate: 98.1%
Bachelor's degree or higher: 45.9%
Unemployment rate: 0.9%

Trends

ACS 5-year · 2019–2023

Population

2,6142,667

Median household income

$76,441$98,000

Median home value

$317,900$393,900

Year	Population	Median household income	Median home value
2020	2,614	$76,441	$317,900
2021	2,827	$79,844	$339,300
2022	2,998	$96,970	$411,700
2023	2,667	$98,000	$393,900

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

Age distribution

Under 58.4%

5 to 1715.3%

18 to 241.9%

25 to 3411.6%

35 to 4414.3%

45 to 543.9%

55 to 6410.2%

65 to 7417.0%

75 and over17.5%

	Count	Share
Under 5	223	8.4%
5 to 17	409	15.3%
18 to 24	50	1.9%
25 to 34	309	11.6%
35 to 44	381	14.3%
45 to 54	104	3.9%
55 to 64	271	10.2%
65 to 74	454	17.0%
75 and over	466	17.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,572	96.4%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	9	0.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	23	0.9%
Hispanic or Latino (any race)	63	2.4%

Educational attainment (age 25+)

No high school diploma1.1%

High school graduate29.8%

Some college or associate's23.2%

Bachelor's degree31.4%

Graduate or professional degree14.5%

	Count	Share
No high school diploma	22	1.1%
High school graduate	592	29.8%
Some college or associate's	460	23.2%
Bachelor's degree	623	31.4%
Graduate or professional degree	288	14.5%

Commute to work

Mean travel time to work: 24 min

Drove alone84.0%

Carpooled2.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home13.9%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	991	84.0%
Carpooled	25	2.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	164	13.9%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	212	20.9%
15 to 29 min	418	41.1%
30 to 44 min	315	31.0%
45 to 59 min	49	4.8%
60+ min	22	2.2%

Households

Average household size: 2.32
Poverty rate: 1.7% (45 of 2,667)

	Count	Share
Family households	801	69.8%
Nonfamily households	347	30.2%

Housing

Median year structure built: 1984

Occupancy

	Count	Share
Occupied	1,148	91.2%
Vacant	111	8.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,126	98.1%
Renter-occupied	22	1.9%

1-unit, detached71.4%

1-unit, attached15.3%

2 to 4 units0.5%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other12.8%

Units in structure

	Count	Share
1-unit, detached	899	71.4%
1-unit, attached	193	15.3%
2 to 4 units	6	0.5%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	161	12.8%

Geography

Place GEOID: 3455710
Type (LSAD): 57
Land area: 3.11 sq mi
Water area: 0.06 sq mi
Center point: 39.2336, -74.6858