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2024 Compare Cities Economy:
Cape May, NJ vs Monterey, CA

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Highlights
- Household income in Monterey, is 19% more than it is in Cape May and is 19% above the National Average.
- Cape May unemployment rate is 12.5%.
- Monterey unemployment rate is 3.8%.

Economy
 Cape May, NJMonterey, CAUnited States
 Unemployment Rate12.5%3.8%6.0%
 Recent Job Growth1.8%1.8%1.6%
 Future Job Growth19.1%33.1%33.5%
 Sales Taxes6.6%8.8%6.2%
 Income Taxes5.5%8.0%4.6%
 Income per Cap.$52,786$52,631$37,638
 Household Income$71,875$85,365$69,021
 Family Median Income$96,250$115,299$85,028
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 Est. Households By Income
 Cape May, NJMonterey, CAUnited States
 Income Less Than 15K8.8%5.2%9.4%
 Income between 15K and 20K2.7%2.5%3.8%
 Income between 20K and 30K7.8%7.0%8.1%
 Income between 30K and 40K12.5%7.9%8.0%
 Income between 40K and 50K7.4%5.9%7.6%
 Income between 50K and 60K6.1%4.0%7.2%
 Income between 60K and 75K4.8%11.4%9.6%
 Income between 75K and 100K18.2%13.2%12.8%
 Income between 100K and 150K11.8%18.0%16.3%
 Income between 150K and 200K8.3%11.4%7.8%
 Income greater than 200K11.6%13.7%9.5%
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 Population By Occupation
 Cape May, NJMonterey, CAUnited States
 Management, business, finance23.9%18.6%16.4%
 Engineering, computers, science3.2%9.7%6.5%
 Community, social services2.5%1.8%1.8%
 Legal1.7%1.5%1.2%
 Education, library8.6%11.3%6.2%
 Arts, design, media, sports, entertainment0.7%4.5%2.0%
 Healthcare practitioners and technology10.1%7.0%6.2%
 Healthcare support0.4%2.6%3.3%
 Firefighters, law enforcement0.0%3.5%2.1%
 Food preparation, serving5.3%7.9%5.4%
 Building maintenance3.8%4.0%3.6%
 Personal care3.0%3.3%2.6%
 Sales, office, administrative support21.8%14.0%20.9%
 Farming, fishing, forestry0.7%1.1%0.6%
 Construction, extraction, maintenance/repair6.8%4.2%8.1%
 Production, transportation, material moving7.3%5.1%13.1%

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Reviews for Cape May    2 Reviews

Over 10 years ago

Cape May is a picturesque pleasant town with a increase in population in the summer months. As a tourist town a good deal of the people who live here make the bulk of  More

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From the beaches of Cape May at the true south of New Jersey, to the vastness of the Wildwood beaches, to the shimmering water and clean sands of Avalon and Stone  More

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Reviews for Monterey    21 Reviews

Over 7 years ago

The Monterey city area is an excellent place to live and one of the few California locales where it's relatively safe to raise a family. If I could no longer live here I  More

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I grew up on the Monterey Peninsula and had to leave to climb out of poverty. The median income is $35,000 and outside of the military, the jobs are mostly service  More

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My husband and I are just crazy about Monterey. I wonder if we take housing expenses (mortgage or rent) out of the picture, is Monterey still a very expensive city to  More

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ZIPS IN CAPE MAY, NEW JERSEY
No Zip Codes Here.
ZIPS IN MONTEREY, CALIFORNIA
93940 93943

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