All Countries
Palermo, NJ
Full City Profile · New Jersey · Cape May County County
4.1
/5.0
A
Great
2,667
Population
858/sq mi density
$98,000
Median Income
$48,770 per capita
$393,900
Home Value
$479,757 Zillow
56°F
Avg Temperature
297 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
5.0 / 5.0
$98,000 median income, 0.5% unemployment
A
Affordability
4.4 / 5.0
$393,900 home value, /mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
4.7 / 5.0
45.9% bachelor's degree or higher
Income Overview
Median Household Income
$98,000
30% above
US avg: $75,149
Per Capita Income
$48,770
25% above
US avg: $39,052
Unemployment Rate
0.5%
86% below
US avg: 3.6%
Poverty Rate
1.9%
85% below
US avg: 12.4%
Income Comparison: Palermo vs. U.S. Average
Each bar shows Palermo’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$98,000
130%
Per Capita
US: $39,052
$48,770
125%
IRS Avg AGI
US: $72,000
$89,478
124%
Avg Weekly Wage
US: $1,432
$934
65%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$934
35% below US avg ($1,432)
Mean Commute Time
24 min
14% below US avg (28 min)
Work From Home
13.9%
9% below US avg (15.2%)
Drive Alone
84.0%
15% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$7,801M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
84%
Public Transit
0%
Work From Home
13.9%
Other
2.1%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
4,020
Restaurants
889
Healthcare
236
Retail
613
Manufacturing
84
Tax & Financial
IRS Avg Adjusted Gross Income
$89,478
24% above US avg ($72,000)
Avg Property Tax
$8,248
136% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $98,000 |
| Per Capita Income | $48,770 |
| IRS Avg Adjusted Gross Income | $89,478 |
| Avg Weekly Wage | $934 |
| County GDP | $7,801M |
Hardship Indicators
| Unemployment Rate | 0.5% |
| Poverty Rate | 1.9% |
| Gini Coefficient | 0.475 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 84.0% |
| Public Transit | 0.0% |
| Work From Home | 13.9% |
Businesses
| Total Establishments | 4,020 |
| Restaurants | 889 |
| Healthcare | 236 |
| Retail | 613 |
| Manufacturing | 84 |
Tax
| IRS Avg AGI | $89,478 |
| Avg Property Tax | $8,248 |