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Places/NJ/Cape May
County profile

Cape May

United States · GDP 2024
#538 of 3,127 US counties by GDP59th-percentile growthmore diversified than 53% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$7.8B
GDP growth
+5.2%
Jobs tracked
28,065
Employers
3,816
Avg. wage
$47.4k
Population
93,390
Labor & formation
Unemployment
6.5%
Median HH income
$91.1k±$3.3k
Business applications
1,247 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Retail trade29%
Food & accommodation28%
Health care19%
Construction11%
Other services8%
Admin & support6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
93,390
residents · 2025 · -1.7% since 2020
Income per capita $82.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,387
International migration+372
Natural change−3,267

GDP trend

2019–2024 · nominal
$5.6B
2019
$5.7B
2020
$6.3B
2021
$7.0B
2022
$7.4B
2023
$7.8B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$434.6k±$9.3k
Median gross rent
$1.4k/mo±$96/mo
Vacancy rate
54.9%±0.7%
Affordability
9.2× wages
Residential permits
854 (9.1/1k pop)
FEMA risk score
91.0
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Coastal flooding 99Strong wind 99Hurricane 93
FHFA HOUSE PRICE INDEX · 2016–2025
831
2016
856
2017
895
2018
949
2019
1010
2020
1167
2021
1393
2022
1551
2023
1736
2024
1804
2025

Transport access

BTS · FAA · USACE
Nearest interstate
82.7 km
I-295
Nearest freight rail
1.8 km
CMSL
Nearest port
7.2 km
AVALON MARINE CENTER
Nearest commercial airport
39.3 km
ATLANTIC CITY INTL
Wage trend
BLS QCEW · 2019–2023
$47.4k
avg. annual pay · +21% since 2019
Similar US counties
nearest by GDP
Burleigh$7.8BStory$7.8BMontgomery + Radford$7.8BMidland$7.8BPortsmouth (Independent City)$7.8BTazewell$7.8B
The read

Cape May's economy produced $7.8B in 2024, growing 5.2% year over year — about the middle of the pack among US counties. Its largest employment sector is retail trade.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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