Cost of Living in Cape May County, NJ

What does it cost to live in Cape May County? Income, housing, and affordability breakdown.

Median Income

$83,870

Median Rent

$1,285/mo

Median Home

$372,300

Affordability

288

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,883
Property Tax$422
Insurance$124

Total Monthly$2,429
% of Income34.8%

Renting

Median Rent$1,285
Renter's Insurance$25

Total Monthly$1,310
% of Income18.4%

Living in Cape May County, New Jersey

Cape May County has a median household income of $83,870 with housing costs that represent 34.8% of income for owners and 18.4% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 288 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in New Jersey

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.