Cost of Living in Cape May Point, NJ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
226.6
100 = national avg
+126.6 vs national average
Living Wage (1 Adult)
$99,699
per year
Living Wage (Family of 4)
$235,652
per year
Cost Index by Category
Housing400.0
Food117.5
Transportation135.0
Healthcare114.0
Utilities170.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,366
per month
2 Bedroom
$1,792
per month
The overall cost of living index in Cape May Point is 226.6, which is 126.6% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $99,699 per year to cover basic expenses.