Living in Cape Coral, Florida
Cost of living, income, home prices, rent and demographics of Cape Coral · Census data 2020–2024
Cape Coral has 215,536 residents with a median age of 48.6. The median household income is $78,104 (5% higher than the Florida median), the median home value is $373,500, the median rent is $1,858/month.
Cape Coral at a glance
- Population
- 215,536
- Median age
- 48.6State: 42.6
- Median household income
- $78,104State: $74,568
- Median home value
- $373,500State: $359,000
- Median rent
- $1,858/moState: $1,669
- Homeowners
- 77.2%
- Bachelor's degree or higher
- 26.9%
- Average commute
- 30 min
Is Cape Coral a good place to live?
Pros: Median household income 5% higher than the Florida median; unemployment of 3.8%; a poverty rate of 10.7%.
Cons: Home values 4% higher than the state median; an average commute of 30 minutes.
The weather is best in November to February.
Cost of living in Cape Coral
Housing is the biggest part of the cost of living. In Cape Coral the median home value is $373,500, 12% higher than the U.S. median. Renters pay a median of $1,858 per month, which is 37.2% of household income. Homeowners with a mortgage pay $1,917 a month in housing costs.
Cape Coral median household income
The median household income in Cape Coral is $78,104 and the income per person is $40,880. 10.7% of residents live below the poverty line (Florida: 12.6%).
Housing in Cape Coral: homes for sale and rent
- Housing units
- 100,679
- Owner-occupied
- 77.2%
- Renter-occupied
- 22.8%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 2000
- Average household size
- 2.59
Cape Coral demographics
- Population
- 215,536
- Median age
- 48.6
- Under 18
- 17.6%
- 65 and older
- 25%
- Households
- 82,914
- Foreign-born
- 19.1%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Cape Coral ›
Education in Cape Coral
26.9% of adults 25 and older in Cape Coral have a bachelor's degree or higher (Florida: 34.1%), and 9.4% have a graduate or professional degree.
Jobs and commute in Cape Coral
- Unemployment rate
- 3.8%State: 4.8%
- Average commute
- 30 minState: 28 min
- Work from home
- 15%
- Drive alone
- 73.6%
- Public transit
- 0.3%
- Walk to work
- 0.8%
- Homes with broadband
- 92.9%
Cape Coral vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cape Coral | 215,536 | $78,104 | $373,500 | $1,858 |
| Matlacha Isles-Matlacha Shores | 127 | $73,897 | $683,800 | — |
| Lochmoor Waterway Estates | 6,511 | $97,667 | $386,200 | $2,014 |
| Palmona Park | 1,115 | $43,930 | — | $1,554 |
| McGregor | 8,490 | $104,788 | $467,600 | $1,762 |
| Pine Island Center | 1,834 | $68,173 | $308,900 | $1,206 |
| Whiskey Creek | 5,371 | $104,476 | $379,600 | $1,814 |
| Pine Manor | 3,660 | $45,697 | $273,800 | $1,171 |
| Iona | 13,631 | $66,827 | $322,800 | $1,913 |
More for people moving to Cape Coral
Cape Coral ZIP code ›Weather and climate ›Living in Cape Coral: FAQ
What is the median household income in Cape Coral, FL?
The median household income in Cape Coral is $78,104, 5% higher 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 Coral?
The median home value in Cape Coral is $373,500, compared with $359,000 in Florida.
How much is rent in Cape Coral?
The median gross rent in Cape Coral is $1,858 per month, about 37.2% of household income.
Is Cape Coral, FL a good place to live?
Pluses: median household income 5% higher than the Florida median; unemployment of 3.8%; a poverty rate of 10.7%. Minuses: home values 4% higher than the state median; an average commute of 30 minutes.
What is the median age in Cape Coral?
The median age in Cape Coral is 48.6 years (Florida: 42.6).
How long is the commute in Cape Coral?
The average commute to work in Cape Coral is 30 minutes; 15% of workers work from home.
What is the unemployment rate in Cape Coral?
The unemployment rate in Cape Coral is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cape Coral?
26.9% of adults in Cape Coral 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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