Living in Cape Canaveral, Florida
Cost of living, income, home prices, rent and demographics of Cape Canaveral · Census data 2020–2024
Cape Canaveral has 10,006 residents with a median age of 60.1. The median household income is $67,276 (10% lower than the Florida median), the median home value is $372,400, the median rent is $1,318/month.
Cape Canaveral at a glance
- Population
- 10,006
- Median age
- 60.1State: 42.6
- Median household income
- $67,276State: $74,568
- Median home value
- $372,400State: $359,000
- Median rent
- $1,318/moState: $1,669
- Homeowners
- 58.6%
- Bachelor's degree or higher
- 36.2%
- Average commute
- 23 min
Is Cape Canaveral a good place to live?
Pros: An average commute of 23 minutes; unemployment of 4%; a poverty rate of 9.6%.
Cons: Median household income 10% lower than the Florida median; home values 4% higher than the state median.
The weather is best in March–April and November–December.
Cost of living in Cape Canaveral
Housing is the biggest part of the cost of living. In Cape Canaveral the median home value is $372,400, 12% higher than the U.S. median. Renters pay a median of $1,318 per month, which is 27% of household income. Homeowners with a mortgage pay $1,759 a month in housing costs.
Cape Canaveral median household income
The median household income in Cape Canaveral is $67,276 and the income per person is $52,077. 9.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Cape Canaveral: homes for sale and rent
- Housing units
- 9,245
- Owner-occupied
- 58.6%
- Renter-occupied
- 41.4%
- Vacant
- 34.4%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 1.65
34.4% of homes are vacant most of the year, a sign that Cape Canaveral has many vacation and second homes.
Cape Canaveral demographics
- Population
- 10,006
- Median age
- 60.1
- Under 18
- 5.1%
- 65 and older
- 35.9%
- Households
- 6,061
- Foreign-born
- 7.2%
- Veterans
- 14.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Cape Canaveral ›
Education in Cape Canaveral
36.2% of adults 25 and older in Cape Canaveral have a bachelor's degree or higher (Florida: 34.1%), and 12.9% have a graduate or professional degree.
Jobs and commute in Cape Canaveral
- Unemployment rate
- 4%State: 4.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 24.2%
- Drive alone
- 68.3%
- Public transit
- 0.8%
- Walk to work
- 1.5%
- Homes with broadband
- 86.4%
Cape Canaveral vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cape Canaveral | 10,006 | $67,276 | $372,400 | $1,318 |
| Cocoa Beach | 11,377 | $87,990 | $503,200 | $1,569 |
| Tropical Park | 2,355 | $35,732 | $307,100 | $1,179 |
| Merritt Island | 34,992 | $94,012 | $402,900 | $1,441 |
| North Merritt Island | 9,025 | $104,878 | $525,400 | $1,274 |
| Rockledge | 29,133 | $84,255 | $338,100 | $1,820 |
| Cocoa | 19,554 | $63,105 | $246,100 | $1,274 |
| Sharpes | 2,840 | $69,531 | $295,800 | $856 |
| Cocoa West | 5,923 | $34,126 | $158,700 | $1,162 |
More for people moving to Cape Canaveral
Cape Canaveral ZIP code ›Weather and climate ›Living in Cape Canaveral: FAQ
What is the median household income in Cape Canaveral, FL?
The median household income in Cape Canaveral is $67,276, 10% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cape Canaveral?
The median home value in Cape Canaveral is $372,400, compared with $359,000 in Florida.
How much is rent in Cape Canaveral?
The median gross rent in Cape Canaveral is $1,318 per month, about 27% of household income.
Is Cape Canaveral, FL a good place to live?
Pluses: an average commute of 23 minutes; unemployment of 4%; a poverty rate of 9.6%. Minuses: median household income 10% lower than the Florida median; home values 4% higher than the state median.
What is the median age in Cape Canaveral?
The median age in Cape Canaveral is 60.1 years (Florida: 42.6).
How long is the commute in Cape Canaveral?
The average commute to work in Cape Canaveral is 23 minutes; 24.2% of workers work from home.
What is the unemployment rate in Cape Canaveral?
The unemployment rate in Cape Canaveral is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cape Canaveral?
36.2% of adults in Cape Canaveral have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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