Cape Canaveral, FL vs East Lake-Orient Park, FL

Cape Canaveral, FL and East Lake-Orient Park, FL have a very similar cost of living, with only a 0.1% difference in their overall index. Cape Canaveral scores 97 while East Lake-Orient Park scores 97 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 $1,417/month in East Lake-Orient Park — a 18% difference. Interestingly, home values tell a different story: while Cape Canaveral has cheaper rent, East Lake-Orient Park actually has lower median home values ($221,500 vs $323,900).

Median household income in Cape Canaveral is $70,585 compared to $56,623 in East Lake-Orient Park (+24.7%). While Cape Canaveral is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cape Canaveral spend roughly 19.7% of their income on rent, less than the 30% in East Lake-Orient Park.