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Cape May Point, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
138
Population
$86,125
Median Income
$1,050,000
Home Value
70.8
Median Age

Demographics

Cape May Point has a population of 138 with a median age of 70.8. Here is the racial and ethnic breakdown of the population:

White
81.9%
Black
8.7%
Other
6.5%
Asian
2.9%
Demographic Value
Total Population138
Median Age70.8
White81.9%
Black or African American8.7%
Asian2.9%
Other / Two or More Races6.5%
Cape May Point, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 81.9%Black: 8.7%Other: 6.5%Asian: 2.9%138PopulationWhiteWhite81.9%BlackBlack8.7%OtherOther6.5%AsianAsian2.9%

Income & Economy

The median household income in Cape May Point is $86,125, which is 6.8% above the national median of $80,610. The per capita income is $135,317. The poverty rate is 8.0%.

$86,125
Median Household Income
$135,317
Per Capita Income
8.0%
Poverty Rate

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Education

In Cape May Point, 97.8% of residents age 25+ have a high school diploma or higher, and 49.3% hold a bachelor's degree or higher (31.9% with a graduate or professional degree).

HS Diploma+
97.8%
Bachelor's+
49.3%
Graduate+
31.9%
Education Level % of Adults (25+)
High School Diploma or Higher97.8%
Bachelor's Degree or Higher49.3%
Graduate or Professional Degree31.9%

Housing

The median home value in Cape May Point is $1,050,000, above the national median of $303,400. The homeownership rate is 97.6%.

$1,050,000
Median Home Value
97.6%
Homeownership Rate
Housing Metric Value
Median Home Value$1,050,000
Homeownership Rate97.6%
Vacancy Rate87.2%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Cape May Point, New Jersey?
The population of Cape May Point, New Jersey is 138 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Cape May Point, New Jersey?
The median household income in Cape May Point, New Jersey is $86,125. This is 6.8% above the national median of $80,610.
What is the median home value in Cape May Point, New Jersey?
The median home value in Cape May Point, New Jersey is $1,050,000.
What percentage of people in Cape May Point have a college degree?
In Cape May Point, New Jersey, 49.3% of adults age 25 and older hold a bachelor's degree or higher, and 97.8% have a high school diploma or higher.
Is Cape May Point, New Jersey an affordable place to live?
The home price-to-income ratio in Cape May Point, New Jersey is 12.2x (median home value $1,050,000 vs. median income $86,125), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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