Cape Coral was dubbed the second-best city to retire in Florida in Retirement Living’s report of Best Places to Retire in Florida. Cape Coral has the fourth-highest percentage of residents aged 65 and up in Florida, comprising 25% of the population; a median home price of $375,000 and a median rent of $1,969, making it relatively affordable for seniors; and the seventh-lowest poverty rate at 10%, according to the report.