Key Economic Benchmarks
Median Household Income
$78,104$6,509 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Cape Coral, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Cape Coral, FL
Official FY2026 HUD Fair Market Rents for Cape Coral-Fort Myers, FL MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| 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% |
50/30/20 Living Budget in Cape Coral, FL
Based on the local median household income of $78,104/year ($6,509/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Florida
Explore net income after federal income tax, FICA, and Florida state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Florida with official federal datasets:
Frequently Asked Questions About Living in Cape Coral, FL
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?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Cape Coral, FL are $1,629 for a studio, $1,638 for 1 bedroom, $1,961 for 2 bedrooms, $2,560 for 3 bedrooms, and $2,836 for 4 bedrooms.
How does the cost of living in Cape Coral, FL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Cape Coral, FL is 102.3 (2.3% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Cape Coral, FL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,961/month) in Cape Coral, FL requires a minimum gross household income of $78,440 per year ($6,537 per month).
What is a balanced 50/30/20 monthly budget in Cape Coral, FL?
For a typical household earning the median income of $78,104/year ($6,509/month) in Cape Coral, FL, a balanced 50/30/20 budget allocates $3,254/month to essential needs (rent, utilities, groceries), $1,953/month to discretionary spending, and $1,302/month to savings and debt repayment.
What are typical electricity and utility costs in Cape Coral, FL?
Residential electricity rates in Florida average 15.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $136 per month.