Cape Coral, FL at a glance
Median household income
$78,104$6,509 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Cape Coral, FL?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Cape Coral, FL? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Cape Coral-Fort Myers, FL MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,629 | $19,548 | $65,160 | 25% |
| 1-Bedroom Apartment | $1,638 | $19,656 | $65,520 | 25.2% |
| 2-Bedroom ApartmentBenchmark | $1,961 | $23,532 | $78,440 | 30.1% |
| 3-Bedroom Home | $2,560 | $30,720 | $102,400 | 39.3% |
| 4-Bedroom Home | $2,836 | $34,032 | $113,440 | 43.6% |
What a typical income covers in Cape Coral, FL
The 50/30/20 rule applied to the local median of $78,104 a year ($6,509 a month before tax).
What $78,104 leaves after Florida taxes
Federal income tax, Social Security, Medicare and Florida tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Florida
Living in Cape Coral, FL: common questions
What is the median household income in Cape Coral, FL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cape Coral, FL is $78,104 per year (approximately $6,509 per month).
What is the average rent in Cape Coral, FL?
The closest official figure is HUD's Fair Market Rent for 2026: $1,629 for a studio, $1,638 for one bedroom, $1,961 for two, $2,560 for three and $2,836 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Cape Coral, FL expensive to live in?
Prices there run 2.3% above the U.S. average. BEA's regional price parity for the metro area is 102.3, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Cape Coral, FL?
To keep a $1,961 two-bedroom under 30% of gross income, a household needs about $78,440 a year, or $6,537 a month. That is 100% of what the typical household in Cape Coral, FL earns.
How much do you need to live comfortably in Cape Coral, FL?
On the local median income of $78,104 ($6,509 a month before tax), the 50/30/20 rule leaves $3,254 a month for needs like rent, utilities and groceries, $1,953 for everything else and $1,302 for savings or debt. A two-bedroom at $1,961 takes 60% of the needs share.
How much is the electric bill in Cape Coral, FL?
Homes in Florida paid 15.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $136. Your bill depends mostly on heating and cooling.