Housing costs in Cape May Point?
A typical home costs
$1,269,200, which is 275.4% more expensive than the national average of
$338,100 and 193.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Cape May Point costs
$1,760 per month, which is 2.9% more than the national average of
$1,710 and 11.9% more than the state average of
$1,550.
Can I afford Cape May Point?
To live comfortably in Cape May Point (zip 08212), New Jersey, a minimum annual income of
$243,360 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Cape May Point?
The cost of living in 08212 Cape May Point, NJ is fairly high. The median home price here is $764,000, which is much higher than the national median of $226,300. Additionally, goods and services are slightly more expensive here than in other parts of the country. On the bright side, income levels tend to be higher than average in this area. As a result, those who live here can afford to pay for the higher costs of living. Property taxes are also relatively low, making it easier for residents to manage their expenses without too much strain on their budget.