| Index | Cape Canaveral | Florida | National |
| Cost of living | 112 | 102 | 100 |
| Groceries | 101 | 102 | 100 |
| Health care | 103 | 104 | 100 |
| Housing | 129 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 111 | 110 | 100 |
| Lifestyle & Entertainment | 107 | 104 | 100 |
| Household Items | 102 | 102 | 100 |
| Education & Childcare | 108 | 106 | 100 |
The cost of living in Cape Canaveral affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Cape Canaveral is 112, which is 12% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
When it comes to the cost of living in Cape Canaveral, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 28.6% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Cape Canaveral affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Cape Canaveral, the median home price is 44.8% higher than the national average and monthly rent prices are 9.4% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Cape Canaveral boasting a median household income of $78,816, 3.1% lower than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Cape Canaveral, the groceries index registers 0.9% higher than the national average.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Cape Canaveral, the transportation index is 3% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Cape Canaveral, healthcare costs are 2.9% higher than the national average.
The Cape Canaveral cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $105,868 | $8,822 | $2,470 | $3,176 |
| Renters | $63,378 | $5,282 | $1,479 | $1,902 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Cocoa West, FL | 6,136 | 94 | 5.9% |
| Cocoa, FL | 20,791 | 96 | 3.7% |
| Sharpes, FL | 2,807 | 100 | 0.5% |
| Port St. John, FL | 24,638 | 105 | 5.2% |
| Palm Shores, FL | 1,662 | 110 | 10.1% |
| Cape Canaveral, FL | 10,786 | 112 | 11.6% |
| City | Population | Cost of Living Index | National Avg. |
| Monmouth, OR | 10,787 | 114 | 13.9% |
| Morinville, AB | 10,788 | n/a | |
| Budd Lake, NJ | 10,790 | 129 | 28.7% |
| Pleasant View, UT | 10,791 | 121 | 21.4% |
| Oregon, WI | 10,780 | 111 | 11.2% |
| Cape Canaveral, FL | 10,786 | 112 | 11.6% |
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