Cape Coral-Fort Myers, FL Metro Area

Metro Area

Population: 792,692 (2023 estimate)

Core-Based Statistical Area (CBSA)

Metro area data from the U.S. Census Bureau. Core-Based Statistical Areas (CBSAs) are defined by the Office of Management and Budget and group counties with a central urban core plus surrounding communities that are economically tied to it. Metro areas often cross county and state lines, making them the best unit for understanding regional labor markets, housing costs, and commute patterns.

Metro income rankings Compare to another metro

Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured

Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Cape Coral-Fort Myers, FL Metro Area

What is the median household income in Cape Coral-Fort Myers, FL Metro Area?: The median household income in Cape Coral-Fort Myers, FL Metro Area is $73,099 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Cape Coral-Fort Myers, FL Metro Area?: The poverty rate in Cape Coral-Fort Myers, FL Metro Area is 7.9% (U.S. Census Bureau ACS 2023).
What is the median home value in Cape Coral-Fort Myers, FL Metro Area?: $326,300 (U.S. Census Bureau ACS 2023).
What is the average rent in Cape Coral-Fort Myers, FL Metro Area?: The median gross rent in Cape Coral-Fort Myers, FL Metro Area is $1,597 per month (U.S. Census Bureau ACS 2023).
What percentage of Cape Coral-Fort Myers, FL Metro Area residents have a college degree?: 30.8% of adults in Cape Coral-Fort Myers, FL Metro Area hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

792,692

Median Income

$73,099

Median Home Value

$326,300

Poverty Rate

7.9%

Unemployment (ACS 2023)

4.2%

Median Age

49.0 yrs

Since 2019 Median Income: +$15,267 (+26.4%) Home Value: +$101,500 (+45.2%) Poverty Rate: -0.9 pp (-10.2%) Bachelor's+: +2.6 pp (+9.2%) Unemployment: -1.1 pp (-20.8%)

Demographics

Total Population 792,692

Median Age 49.0

Female 50.8%

Race & Ethnicity

Hispanic or Latino 23.6% White (non-Hisp.) 63.7% Black 8.0% Asian 1.7% Two or More 15.0% Other 4.3%

Asian Subgroups (% of total pop.)

Chinese

0.4%

Indian

0.3%

Filipino

0.3%

Vietnamese

0.3%

Korean

0.1%

Hispanic Subgroups (% of total pop.)

Cuban

6.7%

Mexican

4.7%

Puerto Rican

4.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $73,099 ±$1,143

Per Capita Income $97,119

Median Family Income $86,023

Poverty Rate 7.9%

Child Poverty Rate 13.5%

Working-Age Poverty Rate —

SNAP Recipients 8.2%

Social Security Income —

Retirement Income 33.3%

Household Income Distribution

< $10k

5.2%

$10–15k

2.7%

$15–25k

6.2%

$25–35k

7.5%

$35–50k

11.7%

$50–75k

18.0%

$75–100k

14.2%

$100–150k

17.3%

$150–200k

7.3%

$200k+

9.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 430,243

Owner-Occupied 74.0%

Renter-Occupied 26.0%

Vacancy Rate 25.7%

Median Home Value $326,300

Median Gross Rent $1,597

Owner Cost Burden (30%+) 27.9%

Renter Cost Burden (30%+) 48.8%

Home Value Distribution

< $50k

4.4%

$50–100k

4.3%

$100–200k

5.3%

$200–300k

23.1%

$300–500k

32.5%

$500k–$1M

17.6%

$1M+

5.1%

Gross Rent Distribution

< $500

2.9%

$500–1k

8.6%

$1–1.5k

31.7%

$1.5–2k

34.5%

$2–2.5k

14.0%

$2.5–3.5k

4.2%

$3.5k+

4.1%

Vehicle Availability

No vehicle

4.9%

1 vehicle

41.1%

2 vehicles

39.5%

14.5%

Housing Type

Single-fam. det.

54.8%

Single-fam. att.

6.7%

2–4 units

2.9%

5–19 units

5.5%

20+ units

10.1%

Mobile home

9.2%

Housing Age

Pre-1940

0.6%

1940–1969

0.4%

1970–1999

12.9%

2000–2009

29.2%

2010+

11.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 90.4%

Bachelor's or Higher 30.8%

Graduate Degree 11.9%

Some College / Associate 19.8%

Less Than High School 4.2%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 53.2%

Unemployment Rate 4.2%

Work from Home 13.8%

Self-Employed 6.5%

Government Workers 10.6%

Private For-Profit 82.7%

Industry

Edu/Health

20.3%

Retail

14.2%

Prof. Services

13.6%

Construction

12.2%

Arts/Entmt.

11.3%

Finance

6.9%

Transportation

5.5%

Manufacturing

3.8%

Public Admin

3.2%

Wholesale

1.9%

Information

1.5%

Agriculture

0.7%

Occupation

Management

35.1%

Sales

24.0%

Food Prep

19.3%

Construction

11.6%

Production

9.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 28.4 min

Drove Alone 72.7%

Carpool 9.4%

Public Transit 0.5%

Work from Home 13.8%

Walked 1.1%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 319,588

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 51.0%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 12.0%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

4.5%

5–9

4.7%

10–14

5.0%

15–19

5.2%

20–24

5.0%

25–34

10.7%

35–44

10.6%

45–54

11.3%

55–64

6.7%

65–74

7.5%

75–84

15.4%

85+

10.2%

Under 18: 17.2% Working age (18–64): 82.8% 65 and over: 28.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 17.9%

Naturalized Citizen 50.9%

Speaks English Less Than Very Well 10.3%

Foreign-Born Origin

Latin America

74.7%

Europe

10.8%

Asia

8.0%

Africa

1.0%

Veterans & Disability

Veteran 8.0%

With a Disability 13.7%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 87.5%

Uninsured 12.5%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 91.3%

Has a Computer 96.5%

Same House 1 Year Ago 86.2%

Moved from Abroad 0.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023