Newly arriving residents are attracted by an outstanding quality of life and dynamic educational and job opportunities. Lee County’s population grew by more than 60% between 2000 and 2016. The growth of the county’s 18-24 year old population—those beginning or available to enter the workforce—is outpacing the national average, according to the public-private Horizon Council. Keeping with these trends, it is estimated that by 2021, the population of Cape Coral will grow by approximately 1.96% to 185,609 residents and more than 70,000 households. According to a Forbes survey, the percentage of residents who moved into the 100 most populous metropolitan areas were attracted by the presence of quality higher education, and Cape Coral ranked No. 7 in the U.S.
Due to population and job growth, Cape Coral’s average household income is $50,536. Cape Coral has a nationally recognized suite of Florida workforce development programs and its mixed population of young and mature (45-60 year olds) residents provides a pool of both experienced and educated workers for the economy.
Almost 60% of the Cape Coral workforce is employed in largely white-collar occupations, such as management, professional sales and administrative support. The retail and service industries are Cape Coral’s top job segment.