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Cape May, NJ vs Flagtown, NJ

133
Cape May
New Jersey
VS
+0.1%
133
Flagtown
New Jersey

Cape May, NJ and Flagtown, NJ have a very similar cost of living, with only a 0.1% difference in their overall index. Cape May scores 133 while Flagtown scores 133 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

When it comes to buying, median home values in Cape May are $823,800 compared to $650,200 in Flagtown, a 27% gap.

Median household income in Cape May is $57,230 compared to $220,677 in Flagtown (-74.1%). Flagtown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Cape May
133
Flagtown
133
Median Household Income
Cape May
$57,230
Flagtown
$220,677
74% higher

Housing

Median Rent
Cape May
$1,013
Flagtown
Median Home Value
Cape May
$823,800
Flagtown
$650,200
21% cheaper
Population
Cape May
2,789
Flagtown
985

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Cape May $3.00
Flagtown $3.32
US $3.07
🥚
Eggs (grade A, large)
Cape May $2.44
Flagtown $2.71
US $2.50
🥛
Milk (whole)
Cape May $3.94
Flagtown $4.36
US $4.03
🍞
Bread (white)
Cape May $1.81
Flagtown $2.00
US $1.85
🍗
Chicken breast
Cape May $4.05
Flagtown $4.49
US $4.14
Electricity
Cape May $0.21
Flagtown $0.24
US $0.19