Cape Coral was ranked third on Forbes’ Best Places to Live in Florida in 2023 list. The criteria for ranking various state metropolitan areas used data from several platforms to measure home affordability, healthy employment and population growth. Checking in behind top-ranked Tampa, Jacksonville and Gainesville, Cape Coral has a population of more than 204,000 and a median home price of $479,000, while residents have a median income of $61,780.