Cape Coral, FL Cost Of Living
Cost Of Living In Cape Coral, FL Summary
Cost of living in Cape Coral 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 Coral 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 Coral is 113, with 100 being the average.
The cost of living index in Cape Coral is 1.1x higher than the national average.
Cape Coral ranks as the #309 cheapest in Florida out of 459.
Cape Coral ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Cape Coral is $341,536.
The median income in Cape Coral is $76,062.
Table Of Contents
Cape Coral's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cape Coral, FL?
According to the most recent data on the cost of living, Cape Coral has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Florida, Cape Coral has a cost of living index that's 1.2x higher than Florida's index of 97.
The standard of living in Cape Coral ranks as #309 most affordable out of the 459 places we measured in Florida. By definition, that implies Cape Coral ranks as the #150 most expensive place in the Sunshine State.
For more reading on life in Cape Coral, check out:
In Florida
In America
Cape Coral Cost Of Living Vs. Florida
Six factors go into calculating the cost of living index in Cape Coral. Here is how it fairs on each of the criteria:
The Services index in Cape Coral is 103.
The Groceries index in Cape Coral is 97.
The Health index in Cape Coral is 109.
The Housing index in Cape Coral is 134.
The Transportation index in Cape Coral is 107.
The Utilities index in Cape Coral is 98.
| Living Expense | Cape Coral | Florida | National Average | |
|---|---|---|---|---|
| Overall | 113 | 97 | 100 | |
| Services | 103 | 96 | 100 | |
| Groceries | 97 | 99 | 100 | |
| Health | 109 | 98 | 100 | |
| Housing | 134 | 96 | 100 | |
| Transportation | 107 | 97 | 100 | |
| Utilities | 98 | 95 | 100 | |
Cape Coral, 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 Coral is $341,536.
The Median Rent in Cape Coral is $1,751.
The Median Income in Cape Coral is $76,062.
The Home Value To Income in Cape Coral is 4.5x.
The Rent To Monthly Income in Cape Coral is 0.28x.
| Statistic | Cape Coral | Florida | United States |
|---|---|---|---|
| Median Home Value | $341,536 | $377,066 | $303,400 |
| Median Rent | $1,751 | $1,564 | $1,348 |
| Median Income | $76,062 | $71,711 | $78,538 |
| Home Value To Income | 4.5x | 5.3x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.26x | 0.21x |
Median Home Value
Median Rent
Median Income
Cape Coral, FL Costs By Category
Detailed Cape Coral Services Costs Vs. Florida
| Item | Cape Coral | Florida |
|---|---|---|
| Shampoo | $1.45 | $1.28 |
| Movie | $13.05 | $12.13 |
| Bowling | $21.2 | $18 |
| Haircut | $28.2 | $24.26 |
| Beauty Salon | $54.05 | $45.56 |
Detailed Cape Coral Groceries Costs Vs. Florida
| Item | Cape Coral | Florida |
|---|---|---|
| Ground Beef | $6.06 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $5.24 | $4.93 |
| Pizza | $11.72 | $12.09 |
| Beer | $11.06 | $10.41 |
| Toothpaste | $3.63 | $3.7 |
Detailed Cape Coral Health Costs Vs. Florida
| Item | Cape Coral | Florida |
|---|---|---|
| Optometrist | $101.67 | $125.68 |
| Doctor | $153.94 | $135.78 |
| Dentist | $122.09 | $113.29 |
Detailed Cape Coral Transportation Costs Vs. Florida
| Item | Cape Coral | Florida |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $74.92 | $59.92 |
Detailed Cape Coral Utilities Costs Vs. Florida
| Item | Cape Coral | Florida |
|---|---|---|
| All Electricity | $179.36 | $193.99 |
| Phone | $194.07 | $192.25 |
Cape Coral SnackAbility
/10
Cost Of Living In Cities Around Cape Coral
The cost of living varies in the cities and towns around Cape Coral. Here's a quick look at the cost of living in the most populous nearby places:
Fort Myers, FL has a cost of living index of 111, 1.0x Cape Coral.
North Fort Myers, FL has a cost of living index of 94, 0.8x Cape Coral.
Punta Gorda, FL has a cost of living index of 120, 1.1x Cape Coral.
| City | Population | Cost Of Living | Vs. Cape Coral |
|---|---|---|---|
| Fort Myers, FL | 91,730 | 111 | 1.0x |
| North Fort Myers, FL | 44,189 | 94 | 0.8x |
| Punta Gorda, FL | 19,886 | 120 | 1.1x |
| San Carlos Park, FL | 18,252 | 110 | 1.0x |
| Iona, FL | 14,290 | 111 | 1.0x |
| Villas, FL | 13,578 | 106 | 0.9x |
| Cypress Lake, FL | 13,145 | 104 | 0.9x |
| McGregor, FL | 8,198 | 123 | 1.1x |
| Lochmoor Waterway Estates, FL | 5,791 | 113 | 1.0x |
| Whiskey Creek, FL | 5,298 | 116 | 1.0x |
