Cape May Point cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCape May PointNew JerseyNational
Cost of living index171123100
IndexCape May PointNew JerseyNational
Goods & Services index112111100
Groceries index114110100
Health care index91102100
Housing index318158100
Transportation index103110100
Utilities index102100100
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Did you know?

  • The cost of living in Cape May Point is 39% higher than the New Jersey average.
  • The cost of living in Cape May Point is 71% higher than the national average.
  • The cost of housing in Cape May Point is 218% higher than the national average.
  • New Jersey general sales tax is 30% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

Compare Cape May Point, NJ Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$50,938$4,245$1,188$1,528
      Renters$31,250$2,604$729$938

      New Jersey Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      New Jersey6.625%12.625%

      New Jersey Income Tax

      StateIncome Tax (Low)Income Tax (High)
      New Jersey1.4%8.97%

      Goods & Services

      ItemCape May PointNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $39.33$38.173.0%
      Toothpaste $2.82$2.3221.5%
      Shampoo $1.08$1.016.7%
      Movie $11.50$10.727.2%
      Bowling $15.00$13.868.2%

      Groceries

      ItemCape May PointNational avg.Difference
      Ground Beef $4.19$3.907.4%
      Fried Chicken $1.79$1.4028.2%
      Milk $2.29$1.9616.7%
      Potatoes $3.49$3.189.6%
      Pizza $10.00$10.393.8%
      Beer $7.99$9.2313.4%

      Health Care

      ItemCape May PointNational avg.Difference
      Optometrist $147.00$106.3438.2%
      Doctor $71.00$115.2538.4%
      Dentist $88.50$98.3810.0%
      Ibuprofen $11.76$9.2627.0%
      Lipitor $467.89$466.470.3%

      Housing

      ItemCape May PointNational avg.Difference
      Home Price $735,500.00$184,700.00298.2%
      Avg. Mortgage Payment $1,008.90$1,273.3220.8%
      Apartment Rent $1,250.00$949.0031.7%

      Transportation

      ItemCape May PointNational avg.Difference
      Gasoline $2.46$2.595.2%
      Tire Balancing $58.33$48.9019.3%

      Utilities

      ItemCape May PointNational avg.Difference
      All Electricity$180.55$167.607.7%
      Phone $173.76$163.426.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Whitesboro, NJ2,47499-1%
      Burleigh, NJ3921022%
      Villas, NJ8,9531088%
      Wildwood, NJ5,19211010%
      North Cape May, NJ2,85011111%
      Cape May Point, NJ21417171%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fort Laramie, WY21487-13%
      New Paris, PA21485-15%
      Rhame, ND21485-15%
      Venice, LA21483-17%
      Ocean Breeze Park, FL21484-16%
      Cape May Point, NJ21417171%
      Source: The Cape May Point, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.