Cost of Living: Cape Coral, FL vs Independence, MO (2026)

Cape Coral

Florida
114
VS

Independence

Missouri
67

Cape Coral is 70% more expensive than Independence.

$1,751/mo ↑ 65%
Median Rent
$1,061/mo ↓ 39%
$76,062/yr ↑ 28%
Median Income
$59,480/yr ↓ 22%
$339,200 ↑ 104%
Home Value
$166,400 ↓ 51%
$1,523/mo ↑ 46%
Owner Costs
$1,046/mo ↓ 31%
206,387
Population
121,944

Tax Comparison

0%
Income Tax
4.95%
6.0%
State Sales Tax
4.225%
0.86%
Property Tax
0.93%

Affordability

27.6%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Independence, MO, the overall cost of living indices are 114 and 67 respectively (national median = 100). Rent is $690/month cheaper in Independence, saving renters about $8,280/year.

Median household income is $16,582/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $166,400 in Independence.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Cape Coral vs Independence — common questions

Is Cape Coral or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Independence?
Median rent in Cape Coral is $1,751/month and in Independence it's $1,061/month — a difference of $690/month.
Which city has higher income, Cape Coral or Independence?
Median household income is $76,062 in Cape Coral and $59,480 in Independence. Median household income is $16,582/year higher in Cape Coral.
How do taxes compare between Florida and Missouri?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Cape Coral or Independence?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Independence details →

More Comparisons

Other cost of living comparisons for Cape Coral and Independence

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 Independence vs. College Station Independence vs. Rochester Independence vs. Clovis Independence vs. Lafayette Independence vs. Arvada Independence vs. Ann Arbor