Cape Coral, FL Economy


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Cape Coral, FL is a city located in the southwest region of Florida on the Gulf Coast. It has a tropical climate and is known for its beaches, wildlife, and nature preserves. It is known as the boating capital of Florida due to its large number of canals and miles of shoreline. The median 2 bedroom rent in Cape Coral is slightly higher than the US at $1,620 versus $1,430. Additionally, food costs are higher with a grocery cost index of 105 compared to 100 in the US. Popular local companies include Suncoast Beverage Sales Co., Four C's Construction Company Inc., and All American Air & Electric Inc., which have been providing services to Cape Coral residents for decades.

Cape Coral has an unemployment rate of 4.6%. The US average is 6.0%.

Cape Coral has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.

Tax Rates for Cape Coral
- The Sales Tax Rate for Cape Coral is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cape Coral is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Cape Coral
- The average income of a Cape Coral resident is $24,001 a year. The US average is $28,555 a year.
- The Median household income of a Cape Coral resident is $65,282 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCape Coral, FloridaUnited States
  4.66
  -5.1%-6.2%
  41.0%33.5%
  6.5%6.2%
  0.0%4.6%
  $34,586$37,638
  $65,282$69,021
  $74,656$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  11.1%6.8%
  3.1%10.0%
  1.6%2.5%
  16.6%11.0%
  4.7%4.8%
  1.3%0.8%
  1.8%1.9%
  3.6%4.7%
  2.7%1.9%
  6.9%7.6%
  0.1%0.1%
  5.8%4.2%
  5.9%9.3%
  14.0%14.0%
  2.7%2.1%
  8.6%7.0%
  5.2%4.8%
  3.9%4.7%
Reviews for Cape Coral
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Over 6 years ago

I moved to the area from Bradenton/Sarasota area. Lived here since 2003. My youngest has been in day care all the way to a sophomore in high school now. Schools are  More

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Over 9 years ago

Growing community with lots of land.   More

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Over 11 years ago

I love Florida but will move to Houston to be closer to grandchildren. Try Cape Coral since many German people move here. My home which is a Gulf access water home is  More

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