Retirement Lists

Cape May, New Jersey

Houses on Beach Avenue in Cape May (city), New Jersey. Photo taken from the sea.  In Cape May Historic District listed as a National Historic Landmark district.

Planning a monthly budget

A local monthly estimate of $3,151 gives you the starting point, with housing taking the largest share.

Housing
$1,049
Utilities (in rent)
$265
Food
$603/mo
Transportation
$1,026/mo
Healthcare
$473

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$4,460

Good

Cost of Living for Couple
$5,222

Good

Typical 1BR Rent
$1,049

Very Good

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$233/mo

Excellent

Need for a Car
Required
Property Taxes
Low

Good

Overall Feel
Moderate
Residents 65+ Below Poverty Level
5.0%
65+ Householder — Renter Occupied
38.4%
65+ Households With High Housing Costs
33.5%
Median Household Income, Householder 65+
$71,985

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

Partnerships never affect rankings, scores, methodology, or inclusion.

Partner with Retirement Lists