Cape Canaveral cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCape CanaveralFloridaNational
Cost of living index96100100
IndexCape CanaveralFloridaNational
Goods & Services index98101100
Groceries index107105100
Health care index9697100
Housing index8895100
Transportation index103105100
Utilities index91102100
A general summary of the cost of living index in Cape Canaveral, FL is shown above. Compared to the state average of Florida the cost of living index in Cape Canaveral, FL is 96, which is 4% lower than the average in Florida and compared to the national average it is 4% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Cape Canaveral, FL goods and services come in at 3% lower than the average in Florida and are 2% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Cape Canaveral is 4% lower than the Florida average.
  • The cost of living in Cape Canaveral is 4% lower than the national average.
  • The cost of housing in Cape Canaveral is 12% lower than the national average.
  • Florida general sales tax is 18% higher than the national average.
  • Florida state income tax is 100% lower than the national average.

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Compare Cape Canaveral, FL Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Cape Canaveral, FL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Cape Canaveral, FL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Cape Canaveral, FL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Cape Canaveral, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Cape Canaveral, FL homeowners have a median income of $51,604. Using that number, you will come up with a maximum of $1,204 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,680, which means there is a maximum of $739 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

StateGeneral Sales TaxWith Max Surtax

Florida Income Tax

StateIncome Tax (Low)Income Tax (High)
The Florida sales tax and Florida income tax rates should definitely be considered when determining the overall cost of living in Cape Canaveral, FL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Florida sales tax is 6% and the maximum surtax is 7.5%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Florida income tax rates range from 0% to 0%.

Goods & Services

ItemCape CanaveralNational avg.Difference
Haircut $13.83$14.595.2%
Beauty Salon $41.14$34.6818.6%
Toothpaste $3.11$2.4725.7%
Shampoo $0.94$1.028.0%
Movie $10.40$9.875.4%
Bowling $4.78$4.398.8%


ItemCape CanaveralNational avg.Difference
Ground Beef $4.76$4.486.3%
Fried Chicken $1.49$1.461.8%
Milk $2.76$2.3617.1%
Potatoes $3.61$3.0617.9%
Pizza $10.11$9.249.4%
Beer $8.51$8.631.4%

Health Care

ItemCape CanaveralNational avg.Difference
Optometrist $65.50$99.7834.4%
Doctor $88.80$105.0315.5%
Dentist $88.80$88.700.1%
Ibuprofen $9.98$9.416.0%
Lipitor $314.74$298.505.4%


ItemCape CanaveralNational avg.Difference
Home Price $152,700.00$175,700.0013.1%
Avg. Mortgage Payment $1,021.34$1,081.035.5%
Apartment Rent $826.00$920.0010.2%


ItemCape CanaveralNational avg.Difference
Gasoline $2.14$2.092.5%
Tire Balancing $47.37$45.294.6%


ItemCape CanaveralNational avg.Difference
All Electricity$178.86$170.804.7%
Phone $20.01$28.2629.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Sharpes, FL3,05982-18%
Cocoa West, FL4,80285-15%
Cocoa, FL17,26187-13%
Port St. John, FL11,44492-8%
Rockledge, FL25,47795-5%
Cape Canaveral, FL9,96096-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Gates, NY9,95693-7%
Jackson, WY9,96713939%
Sandy, OR9,94511616%
Raceland, LA9,97685-15%
Reserve, LA9,97689-11%
Cape Canaveral, FL9,96096-4%
Source: The Cape Canaveral, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.