Cape Canaveral, FL vs Eagle Lake, FL

Cape Canaveral, FL and Eagle Lake, FL have a very similar cost of living, with only a 3.3% difference in their overall index. Cape Canaveral scores 97 while Eagle Lake scores 94 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cape Canaveral is $1,156/month compared to $1,355/month in Eagle Lake — a 15% difference. Interestingly, home values tell a different story: while Cape Canaveral has cheaper rent, Eagle Lake actually has lower median home values ($227,700 vs $323,900).

Median household income in Cape Canaveral is $70,585 compared to $70,208 in Eagle Lake (+0.5%). Cape Canaveral does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cape Canaveral spend roughly 19.7% of their income on rent, less than the 23.2% in Eagle Lake.