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 97, with 100 being the average.
The cost of living index in Cape Canaveral is 1.0x lower than the national average.
Cape Canaveral ranks as the #203 cheapest in Florida out of 459.
Cape Canaveral ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Cape Canaveral is $270,100.
The median income in Cape Canaveral is $58,396.
According to the most recent data on the cost of living, Cape Canaveral has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Florida, Cape Canaveral has a cost of living index that's 1.0x lower than Florida's index of 101.
The standard of living in Cape Canaveral ranks as #203 most affordable out of the 459 places we measured in Florida. By definition, that implies Cape Canaveral ranks as the #256 most expensive place in the Sunshine State.
For more reading on life in Cape Canaveral, check out:
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 93.
The Groceries index in Cape Canaveral is 105.
The Health index in Cape Canaveral is 92.
The Housing index in Cape Canaveral is 95.
The Transportation index in Cape Canaveral is 98.
The Utilities index in Cape Canaveral is 100.
|Living Expense||Cape Canaveral||Florida||National Average|
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 2017-2021. The key points are:
The Median Home Value in Cape Canaveral is $270,100.
The Median Rent in Cape Canaveral is $938.
The Median Income in Cape Canaveral is $58,396.
The Home Value To Income in Cape Canaveral is 4.6x.
The Rent To Monthly Income in Cape Canaveral is 0.19x.
|Statistic||Cape Canaveral||Florida||United States|
|Median Home Value||$270,100||$248,700||$244,900|
|Home Value To Income||4.6x||4.0x||3.5x|
|Rent To Monthly Income||0.19x||0.25x||0.2x|
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 93, 1.0x Cape Canaveral.
Titusville, FL has a cost of living index of 87, 0.9x Cape Canaveral.
Merritt Island, FL has a cost of living index of 100, 1.0x Cape Canaveral.
|City||Population||Cost Of Living||Vs. Cape Canaveral|
|Merritt Island, FL||34,013||100||1.0x|
|Port St. John, FL||24,677||87||0.9x|
|Viera West, FL||14,322||113||1.2x|
|Viera East, FL||12,020||102||1.1x|
|Cocoa Beach, FL||11,316||110||1.1x|
|Satellite Beach, FL||11,093||113||1.2x|