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Florida
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Cape Canaveral

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Fact text

  • Harvard University alumni once owned 18,000 acres here, using it as a hunting club, quite the campus extension.
  • A group of Orlando journalists invested in local beachfront land in the 1920s and named their development 'Journalista' in honor of their trade.
  • Cape Canaveral hosted a Museum of Sunken Treasure displaying artifacts from a real 1715 treasure fleet, pirates not included.
  • The city reportedly had the highest divorce rate in the entire country at 22% in 2000, and somehow matched that same rate again in 2018.
Your
Cape Canaveral
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
Stat icon
10,411
+
Total Population
Stat icon
$
53,016
Median Income
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$
264,800
Median Home
Stat icon
36
%
Age 65+
Retirement Suitability
How
Cape Canaveral
ranks for retirees?
55
/ 100

A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.

Tax
79
Affordability
25
Healthcare
50
Climate
68

Results

Cape Canaveral

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
79

Florida levies no state income tax, so Social Security, pension, and IRA/401(k) withdrawals all escape state taxation.

State sales tax here runs about

6

%.

Source · Tax Foundation
79
6
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
25

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
25
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
50

The area has

6

Medicare-certified hospitals, averaging a

3

/5 CMS quality rating.

Source · CMS Hospital Compare
3
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
68

A

climate — summers peak near

°F, winters dip to about

°F, with roughly

″ of snow a year.

Source · NOAA Climate Normals
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Relatively High

FEMA's overall natural-disaster risk rating for this county on the National Risk Index.

Source · FEMA National Risk Index
Relatively High

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Frequently Asked Questions

Does Florida tax my Social Security or pension if I retire in Cape Canaveral?

Florida levies no state income tax, which means Social Security benefits, pension payments, and withdrawals from IRAs or 401(k) accounts are all free from state taxation. For retirees in Cape Canaveral, this can meaningfully stretch a fixed income. Federal taxes may still apply depending on your total income, so consult a tax professional for your specific situation.

What are hospital options like for Medicare patients near Cape Canaveral?

The Cape Canaveral area is served by 6 Medicare-certified hospitals. Those facilities average 3.33 out of 5 stars on CMS quality ratings, which is a modest score. Retirees evaluating the area for long-term care access may want to research individual hospital ratings and consider how healthcare quality fits into their broader retirement location decision.

Is housing affordable for retirees on a fixed income in Cape Canaveral?

The median home value in Cape Canaveral is $264,800, and the median household income is $53,016. These figures suggest a moderate cost of living relative to many Florida coastal communities. Retirees on fixed incomes should weigh housing costs carefully alongside ongoing expenses like insurance, which can be elevated given the area’s natural-disaster risk profile.

How serious is the natural disaster risk for retirees thinking about Cape Canaveral?

FEMA rates this county’s overall natural-disaster risk as Relatively High on its National Risk Index. For retirees, this is worth factoring into both the decision to relocate here and ongoing insurance planning. Higher risk can translate to elevated homeowners and flood insurance premiums, which affect the true cost of retirement living in the area.

Can a fixed annuity help provide guaranteed income for retirement in Cape Canaveral?

More than a third of Cape Canaveral’s roughly 10,400 residents are 65 or older, making guaranteed income a practical priority here. A multi-year guaranteed annuity locks in a fixed interest rate for a set term, so your growth is predictable regardless of market swings. Florida’s no state income tax treatment means withdrawals aren’t taxed at the state level, stretching that income further. Because rates change often, check our current annuity rates page for today’s figures.

Check Current Rates