Cape Coral Florida Business
The July 1996 issue of Money Magazine ranked Cape Coral and the surrounding metropolitan area as the 6th Best Place to Live out of 300 metro areas in the United States.
This ranking was based on the qualities the magazine's subscribers value most in a city, such as low crime rate, short communt to work, low unemployment rate and more. Cape Coral, compared to the nation, rated better in housing appreciation and high school graduation rate. It rated best in air quality for the second straight year.
Established in 1958, the Cape has experienced phenomenal growth. Ranking the third fastest growing market in the US, the Cape Coral/Fort Myers area grew seven times faster than the national average between 1980 and 1990.
Currently celebrating its 25th anniversary, the Department of Community Development estimates Cape Coral's population at 88,525. City planners anticipate the population will reach 100,000 before the year 2000.
The population is an active one and younger than many people realize. What began as a traditional retirement community has become one of Florida's most attractive areas for young families as well. The largest and fastest-growing population segment is young adults aged 25 to 44. In 1994, the median age was 39.7. Furthermore, residents younger than 25 (29.7%) outnumbered those older than 65 (21.4%). The number of Cape Coral residents with children living in the household is greater than 40%.
The City's vision for the next century includes plans for a thriving industrial and commercial base, elegant waterfront development and additional attractions.