Median rent is 2% lower in Cape Coral ($1,751/mo vs $1,779/mo). Buying is cheaper in Cape Coral, where the median home runs $339,200 versus $751,700. Households earn more in New York ($79,713 vs $76,062 a year).
City A
Cape Coral, FL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Cape Coral, FL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Cape Coral
Florida
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rents are similar in both cities: $1,751/mo in Cape Coral and $1,779/mo in New York. Home buyers face a steeper market in New York: the median home is $751,700 versus $339,200 in Cape Coral — 55% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Florida has no state income tax, while New York tops out at 10.90% — giving Cape Coral a clear advantage for high earners. Sales tax is 6.00% in Florida and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Cape Coral
Income tax: None
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Cape Coral has cleaner air on average: 24.0 AQI (Good) compared to 61.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Cape Coral if you prioritize cleaner air quality (avg AQI 24.0).
Pick Cape Coral if you prioritize no state income tax.
Is Cape Coral cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Cape Coral vs New York?
Median rent is $1,751/mo in Cape Coral, FL and $1,779/mo in New York, NY. Cape Coral, FL has the lower rent by about 2%.
Which has higher salaries — Cape Coral or New York?
Median household income is $76,062 in Cape Coral, FL and $79,713 in New York, NY. New York, NY has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Cape Coral, FL has better air quality on average: 24.0 AQI versus 61.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Cape Coral or New York?
Florida has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Cape Coral income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology