Cape May New Jer County, New Jersey gets a BestPlaces Cost of Living index of 122.7, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 22.7 percent higher than the U.S. average and 2.4 percent lower than the average for New Jersey.
A typical home costs $613,600, which is 81.5 percent more expensive than the national average of $338,100 and 42.0 percent more expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Cape May costs $1,550 per month, which is 8.4 percent more than the national average of $1,430 and 10.3 percent cheaper than the state average of $1,710.
To live comfortably in Cape May New Jer County, New Jersey, a minimum annual income of $117,720 for a family, and $47,200 for a single person is recommended.
Our cost of living indices are based on a US average of 100. An amount below 100 means Cape May County is cheaper than the US average. A cost of living index above 100 means Cape May County, New Jersey is more expensive.
Cape May County cost of living is 122.7