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This question is about Cape Coral, FL.
What is a good salary in Cape Coral, FL?
A good salary in Cape Coral, FL is anything over $40,000. That's because the median income in Cape Coral is $40,000, which means if you earn more than that you're earning more than 50% of the people living in Cape Coral. The average salary in Cape Coral is $45,761.
A good hourly wage in Cape Coral is $19.23 per hour. That works out to a good weekly wage of $769 per week and a good monthly wage of $3,333 per month. However, using the median income is only one way to calculate a good salary in Cape Coral.
Another way to calculate a good salary in Cape Coral is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $229,400, a good salary in Cape Coral would be $45,880.
Lastly, we can determine a good salary in Cape Coral by looking at the cost of living and comparing it to the US average salary. The cost of living in Cape Coral is 4% higher than than the national average. The national average salary is $56,310, so a good salary in Cape Coral is anything over $58,562 by this measure.
Average Annual Salary in Cape Coral, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $28,000 | $2,333 | $538 | $13.46 |
| Median | $40,000 | $3,333 | $769 | $19.23 |
| 75th | $56,000 | $4,666 | $1,076 | $26.92 |
| 90th | $77,000 | $6,416 | $1,480 | $37.02 |
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