Cost of Living in Cape May Point, NJ

With a cost of living index of 156, Cape May Point, NJ is one of the most expensive cities in the United States. Living here is 56% more expensive than the national average and 28% above the New Jersey state average of 128. Cape May Point is a small community of 155 residents.

The median household income in Cape May Point is $88,333, which is 18% higher than the national median of $75,149. While incomes are above average, they do not fully offset the higher cost of living.

Everyday prices in the Atlantic City-Hammonton, NJ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.