Cost of Living: Cape Coral, FL vs Elizabeth, NJ (2026)

Cape Coral

Florida
114
VS

Elizabeth

New Jersey
112

Cape Coral and Elizabeth have a similar cost of living.

$1,751/mo ↑ 20%
Median Rent
$1,463/mo ↓ 16%
$76,062/yr ↑ 19%
Median Income
$63,874/yr ↓ 16%
$339,200 ↓ 14%
Home Value
$393,500 ↑ 16%
$1,523/mo ↓ 1%
Owner Costs
$1,543/mo ↑ 1%
206,387
Population
135,887

Tax Comparison

0%
Income Tax
10.75%
6.0%
State Sales Tax
6.625%
0.86%
Property Tax
2.23%

Affordability

27.6%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Elizabeth, NJ, the overall cost of living indices are 114 and 112 respectively (national median = 100). Rent is $288/month cheaper in Elizabeth, saving renters about $3,456/year.

Median household income is $12,188/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $393,500 in Elizabeth.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Cape Coral vs Elizabeth — common questions

Is Cape Coral or Elizabeth cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Elizabeth?
Median rent in Cape Coral is $1,751/month and in Elizabeth it's $1,463/month — a difference of $288/month.
Which city has higher income, Cape Coral or Elizabeth?
Median household income is $76,062 in Cape Coral and $63,874 in Elizabeth. Median household income is $12,188/year higher in Cape Coral.
How do taxes compare between Florida and New Jersey?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Cape Coral or Elizabeth?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Cape Coral and Elizabeth

Cape Coral vs. Yonkers Cape Coral vs. Worcester Cape Coral vs. Fayetteville Cape Coral vs. Columbus Cape Coral vs. Rochester Cape Coral vs. Salt Lake City Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland