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 105, 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 #317 cheapest in Florida out of 459.
Cape Coral ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Cape Coral is $255,700.
The median income in Cape Coral is $65,282.
According to the most recent data on the cost of living, Cape Coral has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Florida, Cape Coral has a cost of living index that's 1.0x higher than Florida's index of 101.
The standard of living in Cape Coral ranks as #317 most affordable out of the 459 places we measured in Florida. By definition, that implies Cape Coral ranks as the #142 most expensive place in the Sunshine State.
For more reading on life in Cape Coral, check out:
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 106.
The Groceries index in Cape Coral is 102.
The Health index in Cape Coral is 108.
The Housing index in Cape Coral is 102.
The Transportation index in Cape Coral is 112.
The Utilities index in Cape Coral is 97.
|Living Expense||Cape Coral||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 Coral is $255,700.
The Median Rent in Cape Coral is $1,456.
The Median Income in Cape Coral is $65,282.
The Home Value To Income in Cape Coral is 3.9x.
The Rent To Monthly Income in Cape Coral is 0.27x.
|Statistic||Cape Coral||Florida||United States|
|Median Home Value||$255,700||$248,700||$244,900|
|Home Value To Income||3.9x||4.0x||3.5x|
|Rent To Monthly Income||0.27x||0.25x||0.2x|
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 100, 1.0x Cape Coral.
North Fort Myers, FL has a cost of living index of 87, 0.8x Cape Coral.
Punta Gorda, FL has a cost of living index of 115, 1.1x Cape Coral.
|City||Population||Cost Of Living||Vs. Cape Coral|
|Fort Myers, FL||84,694||100||1.0x|
|North Fort Myers, FL||41,551||87||0.8x|
|Punta Gorda, FL||19,230||115||1.1x|
|San Carlos Park, FL||18,590||99||0.9x|
|Cypress Lake, FL||12,334||97||0.9x|
|Whiskey Creek, FL||5,261||105||1.0x|