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Economy, jobs and prices in Cape Coral, Florida: official figures

The median household income in Cape Coral was $78,104 a year in the 2020-2024 American Community Survey (in 2024 dollars), 383rd lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Florida median $74,568.

Median household income
$78,104
2020-2024
Unemployment rate (ACS)
3.8%
2020-2024
Mean travel time to work
29.9 min
2020-2024
Median gross rent (monthly)
$1,858
2020-2024
Median home value (owner-occupied)
$373,500
2020-2024
Homes occupied by their owners
77.2%
2020-2024
Households with a broadband subscription
92.9%
2020-2024

What is the per capita income in Cape Coral?

Income per resident (per capita income) in Cape Coral averaged $40,880 a year in 2020-2024, 407th highest of 823 US cities of 50,000 or more (US: $44,673; Florida: $42,609).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Cape Coral?

Cape Coral's Gini index of household income inequality was 0.429 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 267th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Cape Coral, Florida?

3.8% of the civilian labor force in Cape Coral was unemployed on average over 2020-2024 (4,015 people), 146th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Florida's 4.8%.

Source: U.S. Census Bureau · saved copy

What share of people in Cape Coral are working?

57.9% of Cape Coral's 181,579 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 54th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Cape Coral have jobs?

101,006 residents of Cape Coral held civilian jobs, 55.6% of those aged 16 and over (US: 59.7%), and 130 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Cape Coral?

The largest industry group for working residents of Cape Coral was education, health care and social assistance (20.3% of employed residents), followed by retail trade (14.5%) and professional, scientific, management and administrative services (13.6%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Cape Coral work in manufacturing?

Manufacturing employed 3.5% of working residents of Cape Coral, 21st lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 13.6% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Cape Coral, Florida?

Commuters in Cape Coral took 29.9 minutes on average to get to work in 2020-2024, 155th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 9.7% travelled an hour or more and 18.6% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Cape Coral get to work?

15.0% of workers living in Cape Coral worked from home in 2020-2024, 347th highest of 823 US cities of 50,000 or more (US: 15.1%). 73.6% drove to work alone, 8.6% carpooled, 0.3% used public transport and 0.8% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Cape Coral, Florida?

The median gross rent (rent plus utilities) in Cape Coral was $1,858 a month in 2020-2024, 237th highest of 823 US cities of 50,000 or more (US: $1,413; Florida: $1,669).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Cape Coral?

Owner-occupied homes in Cape Coral had a median value of $373,500 in 2020-2024 as estimated by their owners, 388th lowest of 823 US cities of 50,000 or more (US: $332,700; Florida: $359,000).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Cape Coral?

The median home value in Cape Coral was 4.8 times the median household income, 389th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Cape Coral, Florida own their home?

77.2% of the 82,914 occupied homes in Cape Coral were lived in by their owners in 2020-2024 and 18,878 were rented, 56th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Florida: 67.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in Cape Coral have broadband?

92.9% of households in Cape Coral had a broadband internet subscription of some type in 2020-2024, 381st highest of 823 US cities of 50,000 or more (US: 91.0%; Florida: 91.6%).

Source: U.S. Census Bureau · saved copy

How many households in Cape Coral have no internet?

4.7% of households in Cape Coral (3,886) had no internet access at home in 2020-2024, 399th lowest of 823 US cities of 50,000 or more (US: 6.5%); 11.6% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Cape Coral compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Cape Coral ranks 441 of 823, highest first.

RankCityMedian household income (2024 dollars)
438Watsonville$78,393
439Bismarck$78,387
440Albany$78,114
441Cape Coral$78,104
442Madison$78,050
443Mableton$77,980
444Chicago$77,902
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Cape Coral ranks 407 of 823, highest first.

RankCityPer capita income (2024 dollars)
404West New York$40,965
405Aurora$40,937
406Galveston$40,926
407Cape Coral$40,880
408Bellevue$40,758
409Doral$40,702
410Buena Park$40,669
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Cape Coral ranks 557 of 823, highest first.

RankCityGini index of household income inequality
554Greer0.429
555Eau Claire0.429
556Indio0.429
557Cape Coral0.429
558Rancho Cucamonga0.429
559Concord0.429
560Palmdale0.429
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Cape Coral ranks 678 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
675Kettering3.8%
676Durham3.8%
677Marietta3.8%
678Cape Coral3.8%
679Apopka3.8%
680Apex3.8%
681Murray3.8%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Cape Coral ranks 770 of 823, highest first.

RankCityLabor force participation rate (16 and over)
767Arcadia58.3%
768Chapel Hill58.1%
769Buckeye58.0%
770Cape Coral57.9%
771Shreveport57.8%
772Anderson57.8%
773Dearborn Heights57.8%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Cape Coral ranks 155 of 823, highest first.

RankCityMean travel time to work (minutes)
152Frederick30.0
153Washington30.0
154Danbury29.9
155Cape Coral29.9
156League City29.9
157Coral Springs29.9
158Long Beach29.9
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Cape Coral ranks 347 of 823, highest first.

RankCityWorkers who worked from home
344Norwalk15.1%
345Omaha15.1%
346Taylorsville15.0%
347Cape Coral15.0%
348Spokane15.0%
349Cincinnati15.0%
350Albuquerque15.0%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Cape Coral ranks 692 of 823, highest first.

RankCityWorkers commuting by public transportation
689Cary0.3%
690Queen Creek0.3%
691Pasadena0.3%
692Cape Coral0.3%
693Galveston0.3%
694DeSoto0.3%
695Temecula0.3%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Cape Coral ranks 803 of 823, highest first.

RankCityEmployed residents working in manufacturing
800New Orleans3.6%
801College Station3.6%
802Indio3.5%
803Cape Coral3.5%
804Cheyenne3.4%
805Missoula3.3%
806Las Vegas3.2%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Cape Coral ranks 634 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
631Tigard20.4%
632St. Cloud20.3%
633North Miami20.3%
634Cape Coral20.3%
635Houston20.3%
636Escondido20.3%
637San Francisco20.3%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Cape Coral ranks 237 of 823, highest first.

RankCityMedian gross rent per month
234Grapevine$1,863
235Pearland$1,860
236Dunwoody$1,859
237Cape Coral$1,858
238Richardson$1,857
239El Cajon$1,856
240Fort Lauderdale$1,854
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Cape Coral ranks 436 of 823, highest first.

RankCityMedian value of owner-occupied homes
433Fresno$374,800
434Worcester$374,400
435Newark$373,700
436Cape Coral$373,500
437Madison$372,900
438Merced$372,600
439Gallatin$372,000
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Cape Coral ranks 386 of 820, highest first.

RankCityMedian home value as a multiple of median household income
383Harrisonburg4.8x
384North Charleston4.8x
385Gallatin4.8x
386Cape Coral4.8x
387Plainfield4.8x
388Madison4.8x
389Pawtucket4.8x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Cape Coral ranks 56 of 823, highest first.

RankCityOccupied homes lived in by their owners
53Woodbury77.6%
54Wylie77.4%
55Diamond Bar77.3%
56Cape Coral77.2%
57West Jordan77.2%
58Commerce City77.2%
59Margate77.2%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Cape Coral ranks 381 of 823, highest first.

RankCityHouseholds with a broadband subscription
378Palmdale93.0%
379Richmond93.0%
380Anaheim93.0%
381Cape Coral92.9%
382Burien92.9%
383Sparks92.9%
384Denver92.9%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Cape Coral ranks 425 of 823, highest first.

RankCityHouseholds with no internet access
422Haverhill4.7%
423Delray Beach4.7%
424St. Cloud4.7%
425Cape Coral4.7%
426Pasadena4.7%
427El Cajon4.7%
428Albany4.7%
Source: U.S. Census Bureau · saved copy

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Sources

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