Cape May Point is a tiny coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 300 people and just one neighborhood, Cape May Point is the 513th largest community in New Jersey.
Cape May Point home prices are not only among the most expensive in New Jersey, but Cape May Point real estate also consistently ranks among the most expensive in America.
Cape May Point is a decidedly white-collar borough, with fully 93.33% of the workforce employed in white-collar jobs, well above the national average. Overall, Cape May Point is a borough of professionals, managers, and service providers. There are especially a lot of people living in Cape May Point who work in community and social services (40.00%), management occupations (24.44%), and maintenance occupations (6.67%).
Of important note, Cape May Point is also a borough of artists. Cape May Point has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Cape May Point’s character.
Also of interest is that Cape May Point 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: 37.78% 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.
Another notable thing is that Cape May Point is an extremely popular vacation destination. A significant portion of the population is seasonal. During the vacation season, the borough experiences a large influx of people who take up residence in second homes they own in the area. As the vacation season ends, the population drops again, leaving behind a substantially quieter and smaller borough.
In addition, Cape May Point is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
The borough is relatively quiet, having a combination of lower population density and few of those groups of people who have a tendency to be noisy. For example, Cape May Point has relatively fewer families with younger children, and/or college students. Combined, this makes Cape May Point a pretty quiet place to live overall. If you like quiet, you will probably enjoy it here.
One of the nice things about Cape May Point is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Being a small borough, Cape May Point does not have a public transit system used by locals to get to and from work.
Do you like to read, write and learn? If you move to Cape May Point, you'll likely find that many of your neighbors like to as well. Cape May Point is one of the more educated communities in America, with a full 70.07% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Cape May Point in 2018 was $59,082, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $236,328 for a family of four. However, Cape May Point contains both very wealthy and poor people as well.
The people who call Cape May Point home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cape May Point residents report their race to be White, followed by Asian. Important ancestries of people in Cape May Point include English, Polish, Irish, French, and Dutch.
The most common language spoken in Cape May Point is English. Other important languages spoken here include Spanish and Other Indo-European.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Do you like a coastal setting? If so, this neighborhood may be to your liking. The neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 61.3%, which is higher than 99.4% of all U.S. neighborhoods.
Of note is NeighborhoodScout's research finding that the neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the community truly stands out from the rest in this regard.
In addition, if you are an executive or professional seeking a neighborhood affording an executive lifestyle, or just wanting to find where other executives live in the area, the neighborhood should be on your list. It has an enviable mix of spacious homes, relatively stable real estate values, and residents that include a number of wealthy executives, managers, and professionals. NeighborhoodScout's exclusive analysis places it as one of the top 11.2% executive lifestyle neighborhoods in the state of New Jersey. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates and active retirees.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 57.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Did you know that the neighborhood has more Croatian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Croatian ancestry and 4.1% have Hungarian ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Cape May Point are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 67.9% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 43.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.7%), and 13.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the neighborhood is English, spoken by 95.4% of households. Some people also speak Spanish (3.1%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Cape May Point, NJ, residents most commonly identify their ethnicity or ancestry as Irish (28.1%). There are also a number of people of English ancestry (18.1%), and residents who report Italian roots (14.6%), and some of the residents are also of German ancestry (13.9%), along with some Polish ancestry residents (7.6%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (57.5% of working residents), one of the shortest commutes across America.
Here most residents (73.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.