Cape Coral, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 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.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
105
Cape Coral's Overall Cost Of Living
1.1x
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 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:

317 out of 459
In Florida
3,676 out of 6,412
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 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
Overall 105 101 100
Services 106 98 100
Groceries 102 101 100
Health 108 96 100
Housing 102 108 100
Transportation 112 98 100
Utilities 97 100 100
For more reading on cost of living around Florida, check out:
Cape Coral Cost of Living Vs. FL

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 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
Median Rent $1,456 $1,301 $1,163
Median Income $65,282 $61,777 $69,021
Home Value To Income 3.9x 4.0x 3.5x
Rent To Monthly Income 0.27x 0.25x 0.2x
Search Homes For Sale In Cape Coral, FL
$255,700
Median Home Value
$1,456
Median Rent
$65,282
Median Income

Cape Coral, FL Costs By Category

Detailed Cape Coral Services Costs Vs. Florida

Item Cape Coral Florida
Shampoo $0.95 $1.06
Movie $12.88 $10.68
Bowling $19.12 $14.67
Haircut $21.52 $18.62
Beauty Salon $33.41 $39.05

Detailed Cape Coral Groceries Costs Vs. Florida

Item Cape Coral Florida
Ground Beef $4.42 $4.22
Fried Chicken $1.92 $1.39
Milk $2.4 $2.05
Potatoes $3.3 $3.29
Pizza $12.0 $10.62
Beer $9.7 $9.38
Toothpaste $2.31 $2.34

Detailed Cape Coral Health Costs Vs. Florida

Item Cape Coral Florida
Optometrist $85.53 $108.57
Doctor $123.46 $116.17
Dentist $110.14 $99.13

Detailed Cape Coral Transportation Costs Vs. Florida

Item Cape Coral Florida
Gasoline $2.45 $2.22
Tire Balancing $57.16 $50.07

Detailed Cape Coral Utilities Costs Vs. Florida

Item Cape Coral Florida
All Electricity $158.56 $167.67
Phone $187.82 $175.64

Cape Coral SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
4
Diversity
8.5
Safety
8
Amenities
8.5
Education
7
Commute
6

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 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
Villas, FL 13,764 97 0.9x
Iona, FL 13,160 108 1.0x
Cypress Lake, FL 12,334 97 0.9x
McGregor, FL 7,924 114 1.1x
Whiskey Creek, FL 5,261 105 1.0x

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