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The total population of Cape May is estimated to be 2,815 with 1,595 males (56.66%) and 1,220 females (43.34%). There are 375 less females than males in Cape May.
The median household income in Cape May was $77,691 in 2021, which marked an an increase of 4,796(6.58%) from $72,895 in 2020. This income is 104.14% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Cape May sees its highest median household income among householders in the age group of 45 to 64 years old, at $101,864. Overall, the median household income for the city of Cape May stands at $77,691.
In Cape May, the median income for all workers aged 15 years and older, regardless of work hours, was $41,158 for males and $29,190 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,358 for males and $75,353 for females.
In Cape May, population is primarily represented by White households, reporting a median income of $62,732.
In 2022, the population of Cape May was 2,778, a 0.07% increase year-by-year from 2021. Previously, in 2021, Cape May's population was 2,776, an increase of 0.51% compared to a population of 2,762 in 2020.
The median age in Cape May, NJ is 37.1, as per 2021 ACS 5-Year Estimates. Of the total population, 12.90% were under the age of 15, 31.66% aged 15 to 29, 29.43% aged 30 to 64, 23.68% aged 65 to 84, and 2.33% were 85 years of age and older.
Racial distribution of Cape May population: 81.35% are White, 3.52% are Black or African American, 0.21% are American Indian and Alaska Native, 10.20% are some other race and 4.72% are multiracial.