Cape May is a very small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 2,742 people and four associated neighborhoods, Cape May is the 392nd largest community in New Jersey.
Cape May home prices are not only among the most expensive in New Jersey, but Cape May real estate also consistently ranks among the most expensive in America.
Cape May is home to a number of people employed in the armed forces. When you visit or walk around Cape May, some of the people you will bump into will be military people In and out of uniform, jogging, shopping and generally out and about town.
Telecommuters are a relatively large percentage of the workforce: 11.39% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Cape May is a college town. There are a lot of students in Cape May attending college, and as a result Cape May provides a number of services, amenities and opportunities geared to the needs and activities of students.
Another notable thing is that Cape May is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Cape May is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One of the benefits of Cape May is that there is very little traffic. The average commute to work is 17.77 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Cape May. 55.86% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Cape May in 2022 was $71,810, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $287,240 for a family of four. However, Cape May contains both very wealthy and poor people as well.
Cape May is a somewhat ethnically-diverse city. The people who call Cape May home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cape May residents report their race to be White, followed by Black or African-American. Cape May also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.28% of the city’s residents. Important ancestries of people in Cape May include Irish, German, Italian, English, and Polish.
The most common language spoken in Cape May is English. Other important languages spoken here include Spanish and Arabic.