Canal Point, FL
Population 244 · Florida
About Canal Point, FL
Canal Point is a small community located in Florida with a population of 244 residents according to the latest US Census Bureau American Community Survey data. The median household income is $106,905 per year, which is 42% above the national median of $75,149. The median age of 31.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Canal Point features a median home value of $0, which is 100% below the national median of $244,900. This makes Canal Point one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,425, 23% above the national average of $1,163/month. Of the 132 total housing units, 35% are owner-occupied (30 units) and 65% are renter-occupied (56 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Canal Point shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 30.7%, above the national average of 12.4%. Workers in Canal Point have an average one-way commute time of 21.4 minutes.
Education & Demographics
37.6% of Canal Point residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 34.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 40.6% of the population being foreign-born.
Cost of Living in Canal Point, FL
Compared to national averages, Canal Point has a median household income of $106,905 (42% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,425 is 23% above the US average of $1,163. Within Florida, Canal Point's income is 41% above the state average of $75,893, and home values are 100% below the state median of $353,675.
Why Live in Canal Point, FL?
Canal Point offers a strong local economy with a median household income of $106,905, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 37.6% of residents hold a bachelor’s degree or higher, and short commute times averaging just 21.4 minutes.
Canal Point has a population of 244 with a median age of 31.6 years. Compare Canal Point with other cities to see how it stacks up, or explore all cities in Florida.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Canal Point
What is the population of Canal Point, FL?
The population of Canal Point, FL is 244 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Canal Point?
The median household income in Canal Point, FL is $106,905 per year, which is 42% above the national median of $75,149.
What is the median home value in Canal Point?
The median home value in Canal Point, FL is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Canal Point?
The median monthly rent in Canal Point, FL is $1,425, which is 23% above the national average of $1,163/month.
What is the unemployment rate in Canal Point?
The unemployment rate in Canal Point, FL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Canal Point, FL a good place to live?
Canal Point offers above-average incomes, affordable housing, and a strong job market. With a population of 244 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Canal Point, FL?
37.6% of residents in Canal Point aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Canal Point?
Key cost-of-living indicators for Canal Point, FL: median home value is $0 (100% below national), median rent is $1,425/month, and median household income is $106,905. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Canal Point?
The poverty rate in Canal Point, FL is 30.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Canal Point, FL?
Canal Point's population is 34.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 40.6% of residents are foreign-born.