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CITY · 2020 ACS

Cape May

New Jersey · 2,768 residents · 2.473 sq mi
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The short version

Cape May has roughly average household income, with a median household income of $64,330. Population has fallen 31% since 2000, a loss of 1,266 residents. 47% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has roughly tripled since 2000, reaching $651,600. With a median age of 58.3, the population is older than the US median of 38.8.

At a glance
Average income
near the US median
US median: $66,278
Older
median age 58.3
US median: 38.8
More educated
47% hold a bachelor's degree
US average: 33%
Less affordable
home values up 90%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,768
−31%since 2000
from 4,034 in 2000
1990 – 2025
Population density
1,119 / sq mi
−31%since 2000
from 1,631 / sq mi in 2000
US average: 280
Median age
58.3
+23%since 2000
from 47.4 in 2000
US average: 38.8
Population, 1990 – 2024
3K3K4K4K5K1990201020202024Cape May
20243K
1990201020202024
Section 02

Income & economy

Median household income
$64,330
+28%inflation adjusted, since 2000
from $33,462 in 2000
US average: $66,278
1990 – 2024
Per capita income
$48,631
+63%since 2000
from $29,902 in 2000
US average: $35,364
Households earning $100K+
49.3%
+27.5 ptssince 2009
from 21.7% in 2009
US average: 43.9%
Poverty rate
5.9%
−3.3 ptssince 2000
from 9.1% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade16.4%
US avg: 6.7%
Information5.6%
US avg: 11.1%
Other services2.8%
US avg: 6.6%
Retail trade2.1%
US avg: 10%
Public administration2%
US avg: 4.7%
Agriculture, forestry, fishing1.5%
US avg: 1.7%
Construction1.5%
US avg: 1.2%
Finance & insurance1.3%
US avg: 5.5%
Professional, scientific, technical1.3%
US avg: 4.7%
Arts, entertainment, food1.2%
US avg: 2%
Transportation & warehousing0.7%
US avg: 2.5%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$651,600
+90%inflation adjusted, since 2000
from $227,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,119
+32%inflation adjusted, since 2000
from $564 in 2000
US average: $1,124
Owner-occupied
52.0%
−4.8 ptssince 2000
from 56.8% in 2000
48.0% rent
Afford Score
10.1
+49%since 2000
from 6.8 in 2000
1990 – 2024
RELATED:See current rent listings in Cape May on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic89.5%(3,609)
Black5%(201)
Hispanic / Latino3.8%(153)
Asian0.4%(15)
Other0%
Diversity Score21.6%(872)
2020
White, non-Hispanic84%(2,325)
Black2.6%(73)
Hispanic / Latino8.6%(237)
Asian0.8%(22)
Other3.4%(94)
Diversity Score34.5%(956)
Diversity Score
35
+60%since 2000
from 22 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
47.1%
+16.4 ptssince 2000
from 30.8% in 2000
US average: 32.9%
High school or higher
96.1%
+8.5 ptssince 2000
from 87.6% in 2000
US average: 88.5%
Graduate degree
15.3%
+3.5 ptssince 2000
from 11.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
17.6 min
+19%since 2000
from 14.8 min in 2000
US average: 26.9
Drive alone to work
54.7%
+6.9 ptssince 2009
from 47.8% in 2009
US average: 75.1%
No vehicle available
10.2%
−3.4 ptssince 2009
from 13.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.1%
−8.5 ptssince 2011
from 10.6% in 2011
US average: 5.4%
Labor force participation
60.5%
+7.7 ptssince 2011
from 52.9% in 2011
US average: 63.4%
Management & professional
49.5%
−1.4 ptssince 2009
from 51.0% in 2009
US average: 39.3%
Section 08

People & community

Male
56.5%
+3.1 ptssince 2009
from 53.4% in 2009
Female
43.5%
−3.1 ptssince 2009
from 46.6% in 2009
Foreign born
7.5%
+5.3 ptssince 2009
from 2.1% in 2009
US average: 13.5%
Uninsured
1.4%
−96.2 ptssince 2013
from 97.6% in 2013
US average: 8.8%
Drill deeper

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Compare Cape May to nearby cities

CAPE MAY VS
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Income$80,974+26%
Home value$301,600−54%
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CAPE MAY VS
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Home value$840,500+29%
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CAPE MAY VS
Milford
Income$59,464−8%
Home value$296,900−54%
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CAPE MAY VS
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Frequently asked

How many people live in Cape May, New Jersey?

Cape May, New Jersey has about 2,768 residents according to the 2020 American Community Survey.

What is the median household income in Cape May, New Jersey?

The typical household in Cape May, New Jersey earns about $64,330 a year. Half of households make more than that, and half make less.

Is Cape May, New Jersey expensive?

In Cape May, New Jersey, the median home is worth about $651,600, and the typical rent is about $1,119 a month.

How educated are people in Cape May, New Jersey?

About 47.1% of adults age 25 and over in Cape May, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Cape May, New Jersey?

About 5.9% of people in Cape May, New Jersey live below the federal poverty line.

Has Cape May, New Jersey grown since 1990?

Yes, Cape May, New Jersey has shrunk since 1990. The population has lost about 1,900 residents, a change of about -41 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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