Last updated: 2024 BLS data · Page refreshed:
Cape May has a population of 2,767 with a median age of 56.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,767 |
| Median Age | 56.7 |
| White | 89.2% |
| Black or African American | 3.4% |
| Hispanic or Latino | 11.3% |
The median household income in Cape May is $62,576, which is 22.4% below the national median of $80,610. The per capita income is $71,810. The poverty rate is 10.3%.
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In Cape May, 97.3% of residents age 25+ have a high school diploma or higher, and 55.9% hold a bachelor's degree or higher (23.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.3% |
| Bachelor's Degree or Higher | 55.9% |
| Graduate or Professional Degree | 23.3% |
The median home value in Cape May is $863,900, above the national median of $303,400. The median monthly rent is $1,013. The homeownership rate is 64.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $863,900 |
| Median Monthly Rent | $1,013 |
| Homeownership Rate | 64.5% |
| Vacancy Rate | 62.3% |
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