Cape Canaveral, FL vs Port St. Joe, FL

Cape Canaveral, FL and Port St. Joe, FL have a very similar cost of living, with only a 0.9% difference in their overall index. Cape Canaveral scores 97 while Port St. Joe scores 98 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 $1,342/month in Port St. Joe — a 14% difference. Interestingly, home values tell a different story: while Cape Canaveral has cheaper rent, Port St. Joe actually has lower median home values ($280,600 vs $323,900).

Median household income in Cape Canaveral is $70,585 compared to $60,347 in Port St. Joe (+17%). Cape Canaveral offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cape Canaveral spend roughly 19.7% of their income on rent, less than the 26.7% in Port St. Joe.