Cape May Point, NJ
Population 155 · New Jersey
About Cape May Point, NJ
Cape May Point is a small community located in New Jersey with a population of 155 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,333 per year, which is 18% above the national median of $75,149. The median age of 70.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cape May Point features a median home value of $987,200, which is 303% above the national median of $244,900. This places Cape May Point in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 655 total housing units, 100% are owner-occupied (84 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cape May Point shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cape May Point have an average one-way commute time of 17.4 minutes, one of the shorter commutes in the region.
Education & Demographics
60.6% of Cape May Point residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 16.8% of the population being foreign-born.
Cost of Living in Cape May Point, NJ
Compared to national averages, Cape May Point has a median household income of $88,333 (18% above the national median of $75,149). Home values average $987,200, which is 303% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Cape May Point's income is 24% below the state average of $115,667, and home values are 110% above the state median of $469,644.
Why Live in Cape May Point, NJ?
Cape May Point offers a strong local economy with a median household income of $88,333, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 60.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 12.3%, better than the national average, and short commute times averaging just 17.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $987,200. However, Cape May Point’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cape May Point has a population of 155 with a median age of 70.9 years. Compare Cape May Point with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Cape May Point
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buttzville | 155 | $0 | $363,300 | Compare |
| Marksboro | 156 | $119,063 | $330,800 | Compare |
| Columbia | 152 | $84,531 | $322,000 | Compare |
| Cumberland-Hesstown | 152 | $0 | $217,100 | Compare |
| Greenwich CDP (Cumberland County), New Jersey | 161 | $127,813 | $246,900 | Compare |
| Lakeside-Beebe Run | 163 | $36,029 | $160,300 | Compare |
| Fortescue | 141 | $46,250 | $204,400 | Compare |
| Brainards | 172 | $170,302 | $121,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cape May Point With Other Cities
Frequently Asked Questions about Cape May Point
What is the population of Cape May Point, NJ?
The population of Cape May Point, NJ is 155 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Jersey.
What is the median household income in Cape May Point?
The median household income in Cape May Point, NJ is $88,333 per year, which is 18% above the national median of $75,149.
What is the median home value in Cape May Point?
The median home value in Cape May Point, NJ is $987,200, which is 303% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cape May Point?
The median monthly rent in Cape May Point, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Cape May Point?
The unemployment rate in Cape May Point, NJ is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cape May Point, NJ a good place to live?
Cape May Point offers above-average incomes, a competitive housing market, and a strong job market. With a population of 155 and a median age of 70.9, the city appeals to established professionals and retirees.
How educated is Cape May Point, NJ?
60.6% of residents in Cape May Point aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cape May Point?
Key cost-of-living indicators for Cape May Point, NJ: median home value is $987,200 (303% above national), median rent is $0/month, and median household income is $88,333. The home-value-to-income ratio is 11.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Cape May Point?
The poverty rate in Cape May Point, NJ is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cape May Point, NJ?
Cape May Point's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 17.4% two or more races. 16.8% of residents are foreign-born.