Cape Charles is a very small coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Virginia. With a population of 1,265 people and two associated neighborhoods, Cape Charles is the 271st largest community in Virginia. There's nothing like the smell of a brand new house, and in Cape Charles, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Cape Charles, and putting down their money on brand new construction. Cape Charles’s real estate is, on average, some of the newest in the nation. Cape Charles does seem to be experiencing an influx of affluent people, because the median household income is $51,250.00.

Cape Charles real estate is some of the most expensive in Virginia, although Cape Charles house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Cape Charles has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.81% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Another notable thing is that Cape Charles is a major vacation destination. Much of the town’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Cape Charles’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

Cape Charles is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

Compared to the rest of the country, citizens of Cape Charles spend much less time in their cars: on average, their commute to work is only 19.05 minutes. This also means that noise and pollution levels in the town are less than they would otherwise be.

Cape Charles is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

If knowledge is power, Cape Charles is a pretty powerful place. 57.86% of the adults in Cape Charles have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Cape Charles in 2022 was $62,314, which is wealthy relative to Virginia and the nation. This equates to an annual income of $249,256 for a family of four. However, Cape Charles contains both very wealthy and poor people as well.

Cape Charles is a somewhat ethnically-diverse town. The people who call Cape Charles home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cape Charles residents report their race to be White, followed by Black or African-American. Cape Charles also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.95% of the town’s residents. Important ancestries of people in Cape Charles include German, Irish, English, Italian, and Scots-Irish.

The most common language spoken in Cape Charles is English. Other important languages spoken here include Polish and German/Yiddish.