Housing costs in West Cape May?
A typical home costs
$610,100, which is 80.4% more expensive than the national average of
$338,100 and 41.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in West Cape May costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,710.
Can I afford West Cape May?
To live comfortably in West Cape May, New Jersey, a minimum annual income of
$117,000 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about West Cape May?
West Cape May, NJ is a cost effective place to live. The median home value in West Cape May is $463,300, which is significantly lower than the national average. The median household income in West Cape May is $75,223 and the cost of living index is 10% higher than the national average. Despite being slightly higher than the average for the country, costs such as housing are still very affordable. Additionally, transportation and utilities costs are comparably lower and overall daily living expenses are quite manageable.