Cape Charles is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Virginia. With a population of 1,288 people and two associated neighborhoods, Cape Charles is the 271st largest community in Virginia. There's nothing like the smell of a brand new house, and in Cape Charles, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Cape Charles, and putting down their money on brand new construction. Cape Charles’s real estate is, on average, some of the newest in the nation. Cape Charles does seem to be experiencing an influx of affluent people, because the median household income is $73,750.00.
Cape Charles home prices are not only among the most expensive in Virginia, but Cape Charles real estate also consistently ranks among the most expensive in America.
Also of interest is that Cape Charles has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Cape Charles telecommute to their jobs. Overall, about 15.97% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
Another notable thing is that Cape Charles is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the town experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller town.
One of the nice things about Cape Charles is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
In Cape Charles, a lot of people use the subway to get to work every day though Cape Charles is a relatively small town. Those that ride the subway are primarily traveling out of town to good jobs in other cities.
If knowledge is power, Cape Charles is a pretty powerful place. 59.56% of the adults in Cape Charles have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Cape Charles in 2022 was $79,299, which is wealthy relative to Virginia and the nation. This equates to an annual income of $317,196 for a family of four. However, Cape Charles contains both very wealthy and poor people as well.
Cape Charles is a somewhat ethnically-diverse town. The people who call Cape Charles home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cape Charles residents report their race to be White, followed by Black or African-American. Important ancestries of people in Cape Charles include English, Irish, German, Italian, and Scots-Irish.
The most common language spoken in Cape Charles is English. Other important languages spoken here include Polish and German/Yiddish.