ZIP Code 08247 -- Stone harbor, NJ
Cape May | 2024 American Community Survey Data
Key Insights
- Households here earn 2.2x the national median income — placing this ZIP code in the top tier of American prosperity.
- Home prices are 10.8x the local median income — well above the recommended 3-5x ratio, suggesting a very expensive housing market.
- With 72.08% holding a bachelor's degree or higher, this is one of the most highly educated ZIP codes in the country (national average: 33.7%).
- 26.50% of workers here work from home — more than double the pre-pandemic national average, reflecting the shift to remote work.
- The median age of 64.70 years suggests a retirement-oriented community, well above the national median of 38.9 years.
Quick Overview
About ZIP Code 08247
ZIP code 08247 in Stone Harbor, New Jersey is a unknown area with a population of 965. The median household income is $167,917, which is This is 124% above the national median of $75,000.. The median home value is $1,805,600, representing a price-to-income ratio of 10.8x . The cost of living is very high with an index of 444.0 (the national average is 100). Residents have a median age of 64.70 years. Approximately 72.1% of adults hold a bachelor's degree or higher. This ZIP code is located in Cape May, NJ.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 124% above the national median of $75,000.
Income Distribution
Housing
Housing is expensive relative to income
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 08247 is 344.0% above the national average of 100.
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Frequently Asked Questions about ZIP Code 08247
ZIP code 08247 (Stone harbor, NJ) has a total population of 965 according to the 2024 American Community Survey. The median age is 64.70 years.
The median household income in ZIP code 08247 is $167,917 per year, based on 2024 Census Bureau data. This is 124% above the national median of $75,000.
ZIP code 08247 is primarily located in Stone harbor, New Jersey (NJ). It falls within Cape May County.
The median home value in ZIP code 08247 is $1,805,600, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,711.
The median age in ZIP code 08247 is 64.70 years, compared to the national median of 38.9 years. This makes the area older than the national average.
ZIP code 08247 has a cost of living index of 443.95 (national average = 100). This means the cost of living is very high compared to the national average.
In ZIP code 08247, 72.08% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 28.15% hold a graduate or professional degree.
The unemployment rate in ZIP code 08247 is 4.66%, which is above the national average of 3.6%. About 26.50% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.