Cape May County, New Jersey Income Statistics
Cape May County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Cape May County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cape May County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,655 | $103,817 | $80,455 |
| Median Personal Income | $69,209 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.4% | 4.8% |
| Six-Figure Earners | 17.8% | 19.9% | 13.9% |
| $200k+ Households | 15.3% | 21.6% | 13.2% |
The median household income in Cape May County is about 12% lower than in New Jersey. Income has been growing faster in Cape May County (5.6%/yr) than in New Jersey (4.4%/yr).
About 18% of adults in Cape May County earn six figures ($100,000 or more) a year, lower than the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cape May County, New Jersey grew by 67.2% from 2009 to 2024, reaching $91,655 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Cape May County
| Metric | Cape May County | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.544 | 0.552 |
| Male Median Income | $77,396 | $87,197 | $69,667 |
| Female Median Income | $70,617 | $70,502 | $56,850 |
| Gender Pay Gap | 8.8% | 19.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cape May County, it is 0.506, lower than New Jersey's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 10% more than women's income in Cape May County, New Jersey. Over a 35-year career, a 10% wage gap accumulates to roughly $237,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cape May County, New Jersey has narrowed from about 22% to 9% in 2024. Over that period the gap was widest at 22% in 2014. In dollar terms, the gap has narrowed by $4,720 since 2009.
Employment
| Metric | Cape May County | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 6.3% | 5.2% |
| Working from Home | 12.1% | 16.8% | 15.0% |
| Commute time (minutes) | 18 | 26 | 22 |
Approximately 2,401 people are unemployed in Cape May County, New Jersey.
The average commute time in Cape May County is 18 minutes, shorter than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cape May County, New Jersey has fallen from 8.9% to 5.2% in 2024. Over that period the rate peaked at 10.2% in 2013.
Cape May County, NJ Wealth Compared With Nearby Counties
Cape May County, NJ is the smallest of the 6 counties compared here, 94,930 residents against a local median of 252,121. Cape May County, NJ's income growth, at 5.6%/yr, runs 36% above the 4.1%/yr typical of the counties around it. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $91,655 against a local median of $79,162, 16% above it. Every measure here with a clear better direction points the same way, so Cape May County, NJ is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 1.5%/yr on income growth, so Cape May County, NJ sits at one end of an already wide local range rather than apart from it. Cape May County, NJ has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cape May County, NJ | 94,930 | $91,655 #2/6 | 5.6%/yr #1/6 | 5.2% #1/6 | 0.506 #1/6 |
| Cumberland County, NJ | 153,308 | $68,265 | 4.1%/yr | 6.8% | 0.550 |
| Atlantic County, NJ | 276,076 | $79,162 | 4.5%/yr | 8.7% | 0.542 |
| Sussex County, DE | 252,121 | $81,820 | 5.2%/yr | 5.3% | 0.514 |
| Kent County, DE | 187,603 | $74,532 | 3.8%/yr | 5.6% | 0.513 |
| Gloucester County, NJ | 306,962 | $105,231 | 3.7%/yr | 5.3% | 0.525 |
Conclusion
Considering all these factors, Cape May County, New Jersey has an overall wealth index grade of B, making it about on par with New Jersey, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cape May County, New Jersey.
How Rich Is Cape May County, New Jersey?
Cape May County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $91,655, about 12% lower than the New Jersey average of $103,817.
How has median household income changed in Cape May County, New Jersey?
Between 2009 and 2024, the median household income in Cape May County, New Jersey rose 67%, from $54,833 to $91,655. Over the same years, income here outpaced New Jersey as a whole: +67% against +50%.
What was the median household income in Cape May County in 2023?
In 2023, the median household income in Cape May County, New Jersey was $88,430, up 6% from $83,370 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Cape May County in 2020?
In 2020, the median household income in Cape May County, New Jersey was $71,743. By 2024 it had risen 28% to $91,655.
What is the Gini coefficient in Cape May County, New Jersey?
The Gini coefficient in Cape May County is 0.506. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cape May County, New Jersey?
Since 2009, the income gap between men and women in Cape May County, New Jersey has narrowed from about 22% to 9% in 2024. Over that period the gap was widest at 22% in 2014. In dollar terms, the gap has narrowed by $4,720 since 2009.
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