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.
Because there are quite a few people attending college in Cape May, it is thought of as a college town. To the benefit of the many students in the area, Cape May provides a number of services, amenities and opportunities geared towards their needs and activities.
Another notable thing is that Cape May is a major vacation destination. Much of the city’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Cape May’s population drops significantly, such that year-round residents will notice that the city is a much 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. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
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 like to read, write and learn? If you move to Cape May, you'll likely find that many of your neighbors like to as well. Cape May is one of the more educated communities in America, with a full 55.86% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 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.