Housing costs in Cape May?
A typical home costs
$613,600, which is 81.5% more expensive than the national average of
$338,100 and 42.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Cape May costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 10.3% cheaper than the state average of
$1,710.
Can I afford Cape May?
To live comfortably in Cape May New Jer County, New Jersey, a minimum annual income of
$117,720 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Cape May?
The cost of living in Cape May County, NJ is significantly higher than the national average, coming in at 122.7 compared to the US average of 100. This is reflected in the median value of homes in this county, which is $613,600 - more than double the US average of $338,100. This can make Cape May County an expensive place to live but also a desirable one due to its high quality of life and proximity to ocean activities.