08242 Map

08242 Income Statistics

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Comparison to Surrounding Areas

08242 Median Household Income

The median household income ($97,831) for 08242 is more than 08260 ($71,549), 08251 ($76,433), 08204 ($80,782), 08210 ($93,855), Cape May County ($88,046), Lower township ($80,731), and Middle township ($91,040).

08242$97,831
Lower township$80,731
Middle township$91,040
Cape May County$88,046

08242 Average Household Income

The average household income ($108,162) for 08242 is less than the average household income for 08210 ($118,253), Cape May County ($119,743), and Middle township ($112,087). But it's more than 08260 ($103,730), 08251 ($96,970), 08204 ($108,048), and Lower township ($101,270).

08242$108,162
Lower township$101,270
Middle township$112,087
Cape May County$119,743

08242 Per-Capita Income

The per-capita income for 08242 is $48,707. The per capita income ($48,707) for 08242 is less than the per capita income for 08260 ($53,427), 08204 ($50,914), 08210 ($49,155), and Cape May County ($54,325). But it's more than 08251 ($41,894), Lower township ($46,091), and Middle township ($47,466).

08242$48,707
Lower township$46,091
Middle township$47,466
Cape May County$54,325

08242 High Income Households

13.9% of households make over $200,000 a year. The percent high income households (13.9%) for 08242 is less than the percent high income households for Cape May County (14.4%). But it's more than 08260 (10.8%), 08251 (8.6%), 08204 (10.2%), 08210 (13.5%), Lower township (9.4%), and Middle township (12.6%).

0824213.9%
Lower township9.4%
Middle township12.6%
Cape May County14.4%

08242 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
08242$-1$113,336$98,729$69,946
Lower township$-1$85,000$99,053$65,225
Middle township$-1$96,800$98,471$69,700
Cape May County$41,419$97,574$107,221$72,564

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 08242 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
08242+/-$10,137+/-$22,983+/-$9,705+/-9.4%+/-$-1+/-$15,798+/-$3,010+/-$26,148
Lower township+/-$6,034+/-$7,951+/-$3,197+/-2.3%+/-$-1+/-$8,344+/-$17,867+/-$5,042
Middle township+/-$8,566+/-$9,201+/-$3,405+/-3.0%+/-$-1+/-$16,940+/-$5,370+/-$7,873
Cape May County+/-$3,719+/-$3,462+/-$1,681+/-1.0%+/-$8,039+/-$8,058+/-$8,449+/-$3,157