Cape Canaveral, FL
Population 9,976 · Florida
About Cape Canaveral, FL
Cape Canaveral is a small town located in Florida with a population of 9,976 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,585 per year, which is 6% below the national median of $75,149. The median age of 59.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cape Canaveral features a median home value of $323,900, which is 32% above the national median of $244,900. This positions Cape Canaveral in a moderately priced market relative to the rest of the country. Median monthly rent is $1,156, 1% below the national average of $1,163/month. Of the 8,885 total housing units, 61% are owner-occupied (3,602 units) and 39% are renter-occupied (2,305 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cape Canaveral shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cape Canaveral have an average one-way commute time of 23.3 minutes.
Education & Demographics
38.6% of Cape Canaveral 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 1.2% White, 0.6% Hispanic or Latino, 6.2% Black or African American, and 1.5% Asian residents, with 6.1% of the population being foreign-born.
Cost of Living in Cape Canaveral, FL
Compared to national averages, Cape Canaveral has a median household income of $70,585 (6% below the national median of $75,149). Home values average $323,900, which is 32% above the national median. Monthly rent at $1,156 is 1% below the US average of $1,163. Within Florida, Cape Canaveral's income is 7% below the state average of $75,893, and home values are 8% below the state median of $353,675.
Why Live in Cape Canaveral, FL?
Cape Canaveral offers rent that’s lower than the national average at $1,156/month, and a strong job market with an unemployment rate of just 2.6%, and a well-educated community where 38.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.8%, better than the national average, and short commute times averaging just 23.3 minutes.
Potential considerations include median household income ($70,585) that falls below the national average. However, Cape Canaveral’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cape Canaveral has a population of 9,976 with a median age of 59.5 years. Compare Cape Canaveral with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Cape Canaveral
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Perrine | 9,944 | $59,213 | $328,800 | Compare |
| Cypress Gardens | 10,013 | $85,997 | $270,600 | Compare |
| Green Cove Springs | 9,937 | $66,907 | $283,200 | Compare |
| Bee Ridge | 9,921 | $79,375 | $370,400 | Compare |
| St. Augustine Shores | 9,921 | $72,724 | $290,000 | Compare |
| Avon Park | 9,879 | $36,845 | $119,600 | Compare |
| Bardmoor | 10,095 | $91,006 | $277,100 | Compare |
| Marathon | 9,831 | $80,556 | $683,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cape Canaveral With Other Cities
Frequently Asked Questions about Cape Canaveral
What is the population of Cape Canaveral, FL?
The population of Cape Canaveral, FL is 9,976 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Cape Canaveral?
The median household income in Cape Canaveral, FL is $70,585 per year, which is 6% below the national median of $75,149.
What is the median home value in Cape Canaveral?
The median home value in Cape Canaveral, FL is $323,900, which is 32% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cape Canaveral?
The median monthly rent in Cape Canaveral, FL is $1,156, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Cape Canaveral?
The unemployment rate in Cape Canaveral, FL is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cape Canaveral, FL a good place to live?
Cape Canaveral offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 9,976 and a median age of 59.5, the city appeals to established professionals and retirees.
How educated is Cape Canaveral, FL?
38.6% of residents in Cape Canaveral 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 Cape Canaveral?
Key cost-of-living indicators for Cape Canaveral, FL: median home value is $323,900 (32% above national), median rent is $1,156/month, and median household income is $70,585. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Cape Canaveral?
The poverty rate in Cape Canaveral, FL is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cape Canaveral, FL?
Cape Canaveral's population is 1.2% White, 0.6% Hispanic or Latino, 6.2% Black or African American, 1.5% Asian, and 1.0% two or more races. 6.1% of residents are foreign-born.