2025 Compare Cities Economy:
Cape May, NJ vs Saranac Lake, NY

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Highlights
- Household income in Saranac Lake, is 24% less than it is in Cape May and is 26% below the National Average.
- Cape May unemployment rate is 12.5%.
- Saranac Lake unemployment rate is 6.5%.
 Cape May, NJSaranac Lake, NYUnited States
 Unemployment Rate  Unlock6.5%6.0%
 Recent Job Growth  Unlock0.6%1.6%
 Future Job Growth19.1%  Unlock33.5%
 Sales Taxes6.6%  Unlock6.2%
 Income Taxes  Unlock6.2%4.6%
 Income per Cap.$52,786  Unlock$37,638
 Household Income  Unlock$54,813$69,021
 Family Median Income$96,250  Unlock$85,028
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 Est. Households By Income
 Cape May, NJSaranac Lake, NYUnited States
 Income Less Than 15K  Unlock14.8%9.4%
 Income between 15K and 20K2.7%  Unlock3.8%
 Income between 20K and 30K  Unlock10.8%8.1%
 Income between 30K and 40K12.5%  Unlock8.0%
 Income between 40K and 50K  Unlock6.3%7.6%
 Income between 50K and 60K6.1%  Unlock7.2%
 Income between 60K and 75K  Unlock7.9%9.6%
 Income between 75K and 100K18.2%  Unlock12.8%
 Income between 100K and 150K  Unlock15.2%16.3%
 Income between 150K and 200K8.3%  Unlock7.8%
 Income greater than 200K  Unlock2.3%9.5%
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 Population By Occupation
 Cape May, NJSaranac Lake, NYUnited States
 Management, business, finance23.9%  Unlock16.4%
 Engineering, computers, science  Unlock3.9%6.5%
 Community, social services2.5%  Unlock1.8%
 Legal  Unlock0.8%1.2%
 Education, library8.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.4%2.0%
 Healthcare practitioners and technology10.1%  Unlock6.2%
 Healthcare support  Unlock4.4%3.3%
 Firefighters, law enforcement0.0%  Unlock2.1%
 Food preparation, serving  Unlock9.2%5.4%
 Building maintenance3.8%  Unlock3.6%
 Personal care  Unlock4.0%2.6%
 Sales, office, administrative support21.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.8%  Unlock8.1%
 Production, transportation, material moving  Unlock8.3%13.1%
Reviews for Cape May    2 Reviews

Over 11 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 Saranac Lake    3 Reviews

Over 4 years ago

Saranac Lake is small but great. Great people, decent shopping, with good housing, it's great place to live, if you love the outdoors. It's cold....really cold in the  More

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Over 16 years ago

Saranac Lake is not only chilly but a great place to live. Dr. E.L. Trudeau knew what he was doing when he took a breath of this cold, crisp air way  More

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Small time living in a pristine environment of the Adirondack Park. Year-round theatre, good school system, postsecondary education, world-class research institution  More

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