Cost of Living: Cape Coral, FL vs Montgomery, AL (2026)

Cape Coral

Florida
114
VS

Montgomery

Alabama
64

Cape Coral is 78% more expensive than Montgomery.

$1,751/mo ↑ 65%
Median Rent
$1,059/mo ↓ 40%
$76,062/yr ↑ 37%
Median Income
$55,687/yr ↓ 27%
$339,200 ↑ 128%
Home Value
$148,500 ↓ 56%
$1,523/mo ↑ 49%
Owner Costs
$1,023/mo ↓ 33%
206,387
Population
198,440

Tax Comparison

0%
Income Tax
5.0%
6.0%
State Sales Tax
4.0%
0.86%
Property Tax
0.41%

Affordability

27.6%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Montgomery, AL, the overall cost of living indices are 114 and 64 respectively (national median = 100). Rent is $692/month cheaper in Montgomery, saving renters about $8,304/year.

Median household income is $20,375/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $148,500 in Montgomery.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Alabama's 5.0% rate.

Frequently Asked Questions

Cape Coral vs Montgomery — common questions

Is Cape Coral or Montgomery cheaper to live in?
Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Montgomery?
Median rent in Cape Coral is $1,751/month and in Montgomery it's $1,059/month — a difference of $692/month.
Which city has higher income, Cape Coral or Montgomery?
Median household income is $76,062 in Cape Coral and $55,687 in Montgomery. Median household income is $20,375/year higher in Cape Coral.
How do taxes compare between Florida and Alabama?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax.
Should I move to Cape Coral or Montgomery?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Montgomery has a cost index of 64 with rent of $1,059/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Montgomery details →

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