Cost of Living: Cape Coral, FL vs McKinney, TX (2026)

Cape Coral

Florida
114
VS

McKinney

Texas
138

Cape Coral is 17% cheaper than McKinney.

$1,751/mo ↓ 5%
Median Rent
$1,841/mo ↑ 5%
$76,062/yr ↓ 37%
Median Income
$120,273/yr ↑ 58%
$339,200 ↓ 23%
Home Value
$439,500 ↑ 30%
$1,523/mo ↓ 28%
Owner Costs
$2,101/mo ↑ 38%
206,387
Population
202,314

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
1.6%

Affordability

27.6%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and McKinney, TX, the overall cost of living indices are 114 and 138 respectively (national median = 100). Rent is $90/month cheaper in Cape Coral, saving renters about $1,080/year.

Median household income is $44,211/year higher in McKinney. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $439,500 in McKinney.

Frequently Asked Questions

Cape Coral vs McKinney — common questions

Is Cape Coral or McKinney cheaper to live in?
Based on our cost index, Cape Coral is cheaper to live in with an index of 114 compared to 138 (US average = 100).
What is the rent difference between Cape Coral and McKinney?
Median rent in Cape Coral is $1,751/month and in McKinney it's $1,841/month — a difference of $90/month.
Which city has higher income, Cape Coral or McKinney?
Median household income is $76,062 in Cape Coral and $120,273 in McKinney. Median household income is $44,211/year higher in McKinney.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Cape Coral or McKinney?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while McKinney has a cost index of 138 with rent of $1,841/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View McKinney details →

More Comparisons

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