Cape Elizabeth is a somewhat small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Maine. With a population of 9,530 people and two constituent neighborhoods, Cape Elizabeth is the 26th largest community in Maine.
Cape Elizabeth home prices are not only among the most expensive in Maine, but Cape Elizabeth real estate also consistently ranks among the most expensive in America.
Also of interest is that Cape Elizabeth has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 21.58% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Cape Elizabeth is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Cape Elizabeth is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Cape Elizabeth really has some of the features that families look for when choosing a good community to raise children. Is Cape Elizabeth perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Cape Elizabeth is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
If knowledge is power, Cape Elizabeth is a pretty powerful place. 76.19% of the adults in Cape Elizabeth have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Cape Elizabeth in 2018 was $70,958, which is wealthy relative to Maine and the nation. This equates to an annual income of $283,832 for a family of four.
The people who call Cape Elizabeth home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cape Elizabeth residents report their race to be White, followed by Asian. Important ancestries of people in Cape Elizabeth include Irish, English, German, Italian, and French.
The most common language spoken in Cape Elizabeth is English. Other important languages spoken here include Spanish and Langs. of India.