Cape Coral is the 5th fastest growing community in the United States. Currently, there are approximately 165,000 permanent residents in Cape Coral Cape Coral-Ft Myers ranked as the No. 1 midsized city among the “Best Cities for Business” in the 2007 annual list of Inc. Magazine The 15 minute drive time shows a trade area of 155,977 residents with an Avg. HH Income of $57,333 and median age is 39.4. This area has a historical annual growth rate of over 6% annually over the last 5 years For more information on Cape Coral click here.