Cost of Living in Cape Canaveral, FL
Population 9,976 · Florida · Data vintage 2023
(100 = US avg)
Cape Canaveral skews considerably older than the national median, with an average age of 60. Reported household income of $70,585 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities. The labor market has been unusually tight, with unemployment around 2.6% — below most comparable cities in the state.
Geographically, Cape Canaveral is about 30 miles north of Palm Bay, the nearest large metro. Median home values run roughly 31% higher than Palm Bay's $248,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cape Canaveral
The median home value in Cape Canaveral is $323,900 — 6% above the national median of $305,000. Median rent runs $1,156/month, 12% lower than the national median of $1,314/month. The median household income of $70,585/year is 5% lower than the US median of $74,580. The local unemployment rate is 2.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Cape Canaveral has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.
Cape Canaveral has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Cape Canaveral, FL?
Cape Canaveral has a cost index of 99 (100 = national average). It is 1% below the national average.
What is average rent in Cape Canaveral, FL?
The median gross rent in Cape Canaveral is $1,156 per month based on 2023 Census data.
What is the average home price in Cape Canaveral?
The median home value in Cape Canaveral is $323,900 according to Zillow and Census data.
What is the median income in Cape Canaveral?
The median household income in Cape Canaveral is $70,585 per year (2023 ACS 5-year estimates).
What is the sales tax in Cape Canaveral, FL?
The combined state and local sales tax rate in Cape Canaveral is 7.0%. Florida has no state income tax.
Is Cape Canaveral, FL affordable?
Cape Canaveral is near the national average in terms of cost of living, with an index of 99 (100 = US average).
Cape Canaveral at a Glance
- Population
- 9,976
- Median Income
- $70,585
- Home Value
- $323,900
- Median Rent
- $1,156/mo
- Unemployment
- 2.6%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Florida Rankings
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