Cape Charles, Virginia Median Income

Cape Charles, Virginia has a population of 1,178, with a median household income of $62,111.

Current median income data for Cape Charles.

$62,111

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Population

1,178

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Median Income

$62,111

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Unemployment

3.90%

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Housing Price

$341,200

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Crime Rate

4.80

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Internet Speed

188.10 Mbps

Cape Charles is a small local community located in Virginia. The city has a population that is below the average city population in Virginia, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Virginia, Cape Charles provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Cape Charles has a population of 1,178, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Cape Charles is $62,111, which is below the state average, indicating moderate economic conditions.

Housing Market

Housing prices in Cape Charles average around $341,200, which is relatively high compared to other cities in Virginia.

Employment and Safety

The unemployment rate in Cape Charles is 3.90%, which is lower than the state average, indicating a relatively strong job market. Cape Charles has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Virginia, Cape Charles shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Cape Charles offers a balanced mix of economic conditions, population trends, and housing opportunities within Virginia.

Frequently Asked Questions about Cape Charles

What is the population of Cape Charles?

The population of Cape Charles is approximately 1,178.

Is Cape Charles a good place to live?

Cape Charles offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Cape Charles?

The median household income in Cape Charles is around $62,111.

How expensive is housing in Cape Charles?

The average housing price in Cape Charles is approximately $341,200.