Cost of Living in Canal Point, FL

With a cost of living index of 104, Canal Point, FL is somewhat more expensive than average. Living here is 4% more expensive than the national average and 6% below the Florida state average of 110. Canal Point is a small community of 244 residents.

The median household income in Canal Point is $106,905, which is 42% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Port St. Lucie, FL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.