Housing costs in North Cape May?
A typical home costs
$300,900, which is 11.0% less expensive than the national average of
$338,100 and 30.4% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in North Cape May costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,710.
Can I afford North Cape May?
To live comfortably in North Cape May, New Jersey, a minimum annual income of
$57,600 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about North Cape May?
The cost of living in North Cape May, NJ is generally quite reasonable. Living expenses such as housing, utilities, and groceries are all slightly below the national average. North Cape May's low property taxes help to keep overall living costs down. The median home value in North Cape May is just over $250,000, making it an affordable place to live for families or individuals on a budget. In addition to the lower costs associated with daily living expenses, there are also numerous recreational activities for residents of this coastal town to enjoy at little or no cost. From picnicking and fishing at Nature Reserve Park to exploring local beaches free of charge, there is something for everyone in North Cape May!