West Cape May, NJ Economy


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West Cape May, NJ is a popular vacation town on the New Jersey shoreline. It has a cozy atmosphere and plenty of local amenities to make it an enjoyable place to visit or live. The two bedroom rent in West Cape May is slightly higher than the US average at $1,490, but grocery costs index are lower with only 108 versus the US average of 100. There are a variety of local companies that call West Cape May home such as The Lobster House restaurant, which is a staple in the area for fresh seafood dishes and other favorites like sandwiches and salads. In addition to local restaurants, there are plenty of outdoor activities available such as kayaking in the bay or stand-up paddleboarding around Sunset Beach. Even during the winter months there are still fun activities like snowshoeing at Higbee Beach Wildlife Management Area or skiing at nearby Ski Blakeslee. With its pleasant weather and abundance of entertainment options, West Cape May provides everything needed for a perfect retreat!

West Cape May has an unemployment rate of 12.5%. The US average is 6.0%.

West Cape May has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for West Cape May
- The Sales Tax Rate for West Cape May is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Cape May is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for West Cape May
- The average income of a West Cape May resident is $31,997 a year. The US average is $28,555 a year.
- The Median household income of a West Cape May resident is $81,023 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Cape May, New JerseyUnited States
  12.56
  -8.5%-6.2%
  19.1%33.5%
  6.6%6.2%
  5.5%4.6%
  $49,422$37,638
  $81,023$69,021
  $96,607$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  5.1%6.8%
  3.9%10.0%
  2.0%2.5%
  13.0%11.0%
  1.7%4.8%
  1.5%0.8%
  0.0%1.9%
  3.4%4.7%
  1.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.4%4.2%
  9.5%9.3%
  11.2%14.0%
  4.9%2.1%
  25.2%7.0%
  3.7%4.8%
  5.1%4.7%
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