Cape Canaveral, FL Cost Of Living
Cost Of Living In Cape Canaveral, FL Summary
Cost of living in Cape Canaveral research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cape Canaveral is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cape Canaveral is 107, with 100 being the average.
The cost of living index in Cape Canaveral is 1.1x higher than the national average.
Cape Canaveral ranks as the #227 cheapest in Florida out of 459.
Cape Canaveral ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Cape Canaveral is $319,876.
The median income in Cape Canaveral is $70,585.
Table Of Contents
Cape Canaveral's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cape Canaveral, FL?
According to the most recent data on the cost of living, Cape Canaveral has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Florida, Cape Canaveral has a cost of living index that's 1.1x higher than Florida's index of 97.
The standard of living in Cape Canaveral ranks as #227 most affordable out of the 459 places we measured in Florida. By definition, that implies Cape Canaveral ranks as the #232 most expensive place in the Sunshine State.
For more reading on life in Cape Canaveral, check out:
In Florida
In America
Cape Canaveral Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Cape Canaveral. Here is how it fairs on each of the criteria:
The Services index in Cape Canaveral is 101.
The Groceries index in Cape Canaveral is 100.
The Health index in Cape Canaveral is 92.
The Housing index in Cape Canaveral is 127.
The Transportation index in Cape Canaveral is 93.
The Utilities index in Cape Canaveral is 88.
| Living Expense | Cape Canaveral | Florida | National Average | |
|---|---|---|---|---|
| Overall | 107 | 97 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 92 | 98 | 100 | |
| Housing | 127 | 96 | 100 | |
| Transportation | 93 | 97 | 100 | |
| Utilities | 88 | 95 | 100 | |
Cape Canaveral, FL Housing Cost Breakdown
Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cape Canaveral is $319,876.
The Median Rent in Cape Canaveral is $1,156.
The Median Income in Cape Canaveral is $70,585.
The Home Value To Income in Cape Canaveral is 4.5x.
The Rent To Monthly Income in Cape Canaveral is 0.2x.
| Statistic | Cape Canaveral | Florida | United States |
|---|---|---|---|
| Median Home Value | $319,876 | $377,066 | $303,400 |
| Median Rent | $1,156 | $1,564 | $1,348 |
| Median Income | $70,585 | $71,711 | $78,538 |
| Home Value To Income | 4.5x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Cape Canaveral, FL Costs By Category
Detailed Cape Canaveral Services Costs Vs. Florida
| Item | Cape Canaveral | Florida |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $13.54 | $12.13 |
| Bowling | $19.87 | $18 |
| Haircut | $26.53 | $24.26 |
| Beauty Salon | $55.13 | $45.56 |
Detailed Cape Canaveral Groceries Costs Vs. Florida
| Item | Cape Canaveral | Florida |
|---|---|---|
| Ground Beef | $6.26 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.23 | $4.93 |
| Pizza | $13.13 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.84 | $3.7 |
Detailed Cape Canaveral Health Costs Vs. Florida
| Item | Cape Canaveral | Florida |
|---|---|---|
| Optometrist | $118.44 | $125.68 |
| Doctor | $137.0 | $135.78 |
| Dentist | $125.36 | $113.29 |
Detailed Cape Canaveral Transportation Costs Vs. Florida
| Item | Cape Canaveral | Florida |
|---|---|---|
| Gasoline | $3.39 | $3.46 |
| Tire Balancing | $57.07 | $59.92 |
Detailed Cape Canaveral Utilities Costs Vs. Florida
| Item | Cape Canaveral | Florida |
|---|---|---|
| All Electricity | $190.71 | $193.99 |
| Phone | $194.67 | $192.25 |
Cape Canaveral SnackAbility
/10
Cost Of Living In Cities Around Cape Canaveral
The cost of living varies in the cities and towns around Cape Canaveral. Here's a quick look at the cost of living in the most populous nearby places:
Melbourne, FL has a cost of living index of 102, 1.0x Cape Canaveral.
Titusville, FL has a cost of living index of 98, 0.9x Cape Canaveral.
Merritt Island, FL has a cost of living index of 114, 1.1x Cape Canaveral.
| City | Population | Cost Of Living | Vs. Cape Canaveral |
|---|---|---|---|
| Melbourne, FL | 85,718 | 102 | 1.0x |
| Titusville, FL | 49,004 | 98 | 0.9x |
| Merritt Island, FL | 34,718 | 114 | 1.1x |
| Rockledge, FL | 28,279 | 108 | 1.0x |
| Port St. John, FL | 24,617 | 99 | 0.9x |
| Cocoa, FL | 19,330 | 91 | 0.9x |
| Viera West, FL | 17,169 | 129 | 1.2x |
| Viera East, FL | 13,082 | 114 | 1.1x |
| Cocoa Beach, FL | 11,341 | 116 | 1.1x |
| Satellite Beach, FL | 11,250 | 118 | 1.1x |
