Cape May vs Paterson
| Cape May | Paterson | |
|---|---|---|
| Population | 2,815 | 157,864 |
| Median Household Income | $62,576 | $55,997 |
| Median Home Value | $863,900 | $360,100 |
| Median Gross Rent | $1,013/mo | $1,548/mo |
| Homeownership Rate | 64.5% | 26.9% |
| Unemployment Rate | 2.9% | 10.7% |
| Bachelor's Degree or Higher | 55.9% | 11.8% |
| Median Age | 56.7 | 33.3 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.