North Cape May, NJ
Population 3,577 · New Jersey
About North Cape May, NJ
North Cape May is a small town located in New Jersey with a population of 3,577 residents according to the latest US Census Bureau American Community Survey data. The median household income is $82,198 per year, which is 9% above the national median of $75,149. The median age of 58.2 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 North Cape May features a median home value of $323,900, which is 32% above the national median of $244,900. This positions North Cape May in a moderately priced market relative to the rest of the country. Median monthly rent is $1,331, 14% above the national average of $1,163/month. Of the 2,997 total housing units, 78% are owner-occupied (1,510 units) and 22% are renter-occupied (437 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in North Cape May shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in North Cape May have an average one-way commute time of 15.8 minutes, one of the shorter commutes in the region.
Education & Demographics
29.2% of North Cape May residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 2.3% of the population being foreign-born.
Cost of Living in North Cape May, NJ
Compared to national averages, North Cape May has a median household income of $82,198 (9% above the national median of $75,149). Home values average $323,900, which is 32% above the national median. Monthly rent at $1,331 is 14% above the US average of $1,163. Within New Jersey, North Cape May's income is 29% below the state average of $115,667, and home values are 31% below the state median of $469,644.
Why Live in North Cape May, NJ?
North Cape May offers a strong local economy with a median household income of $82,198, well above the national average, and a low poverty rate of 4.7%, better than the national average, and short commute times averaging just 15.8 minutes.
North Cape May has a population of 3,577 with a median age of 58.2 years. Compare North Cape May with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near North Cape May
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| High Bridge | 3,584 | $116,424 | $298,600 | Compare |
| Roebling | 3,591 | $83,083 | $185,500 | Compare |
| Stanhope | 3,551 | $134,583 | $326,000 | Compare |
| Netcong | 3,543 | $92,596 | $344,300 | Compare |
| Tuckerton | 3,616 | $78,934 | $297,200 | Compare |
| North Wildwood | 3,620 | $85,812 | $446,400 | Compare |
| Upper Greenwood Lake | 3,621 | $124,297 | $331,400 | Compare |
| Gibbstown | 3,494 | $90,371 | $228,800 | 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 North Cape May With Other Cities
Frequently Asked Questions about North Cape May
What is the population of North Cape May, NJ?
The population of North Cape May, NJ is 3,577 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in North Cape May?
The median household income in North Cape May, NJ is $82,198 per year, which is 9% above the national median of $75,149.
What is the median home value in North Cape May?
The median home value in North Cape May, NJ is $323,900, which is 32% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in North Cape May?
The median monthly rent in North Cape May, NJ is $1,331, which is 14% above the national average of $1,163/month.
What is the unemployment rate in North Cape May?
The unemployment rate in North Cape May, NJ is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is North Cape May, NJ a good place to live?
North Cape May offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,577 and a median age of 58.2, the city appeals to established professionals and retirees.
How educated is North Cape May, NJ?
29.2% of residents in North Cape May aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in North Cape May?
Key cost-of-living indicators for North Cape May, NJ: median home value is $323,900 (32% above national), median rent is $1,331/month, and median household income is $82,198. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in North Cape May?
The poverty rate in North Cape May, NJ is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is North Cape May, NJ?
North Cape May's population is 1.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 2.5% two or more races. 2.3% of residents are foreign-born.