Cost of Living: Cape Coral, FL vs Newport News, VA (2026)

Cape Coral

Florida
114
VS

Newport News

Virginia
87

Cape Coral is 31% more expensive than Newport News.

$1,751/mo ↑ 36%
Median Rent
$1,285/mo ↓ 27%
$76,062/yr ↑ 14%
Median Income
$66,718/yr ↓ 12%
$339,200 ↑ 39%
Home Value
$243,300 ↓ 28%
$1,523/mo ↑ 15%
Owner Costs
$1,328/mo ↓ 13%
206,387
Population
184,774

Tax Comparison

0%
Income Tax
5.75%
6.0%
State Sales Tax
5.3%
0.86%
Property Tax
0.8%

Affordability

27.6%
rent-to-income
Affordability
23.1%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Newport News, VA, the overall cost of living indices are 114 and 87 respectively (national median = 100). Rent is $466/month cheaper in Newport News, saving renters about $5,592/year.

Median household income is $9,344/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $243,300 in Newport News.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Cape Coral vs Newport News — common questions

Is Cape Coral or Newport News cheaper to live in?
Based on our cost index, Newport News is cheaper to live in with an index of 87 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Newport News?
Median rent in Cape Coral is $1,751/month and in Newport News it's $1,285/month — a difference of $466/month.
Which city has higher income, Cape Coral or Newport News?
Median household income is $76,062 in Cape Coral and $66,718 in Newport News. Median household income is $9,344/year higher in Cape Coral.
How do taxes compare between Florida and Virginia?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Cape Coral or Newport News?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Newport News has a cost index of 87 with rent of $1,285/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Newport News details →

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