Cost of Living: Cape Coral, FL vs Providence, RI (2026)

Cape Coral

Florida
114
VS

Providence

Rhode Island
99

Cape Coral is 15% more expensive than Providence.

$1,751/mo ↑ 31%
Median Rent
$1,333/mo ↓ 24%
$76,062/yr ↑ 14%
Median Income
$66,772/yr ↓ 12%
$339,200 ↑ 5%
Home Value
$322,800 ↓ 5%
$1,523/mo ↑ 4%
Owner Costs
$1,467/mo ↓ 4%
206,387
Population
190,214

Tax Comparison

0%
Income Tax
5.99%
6.0%
State Sales Tax
7.0%
0.86%
Property Tax
1.53%

Affordability

27.6%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Providence, RI, the overall cost of living indices are 114 and 99 respectively (national median = 100). Rent is $418/month cheaper in Providence, saving renters about $5,016/year.

Median household income is $9,290/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $322,800 in Providence.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Rhode Island's 5.99% rate.

Frequently Asked Questions

Cape Coral vs Providence — common questions

Is Cape Coral or Providence cheaper to live in?
Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Providence?
Median rent in Cape Coral is $1,751/month and in Providence it's $1,333/month — a difference of $418/month.
Which city has higher income, Cape Coral or Providence?
Median household income is $76,062 in Cape Coral and $66,772 in Providence. Median household income is $9,290/year higher in Cape Coral.
How do taxes compare between Florida and Rhode Island?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.
Should I move to Cape Coral or Providence?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Providence details →

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