Cost of Living: Cape Coral, FL vs Richmond, CA (2026)

Cape Coral

Florida
114
VS

Richmond

California
161

Cape Coral is 29% cheaper than Richmond.

$1,751/mo ↓ 8%
Median Rent
$1,895/mo ↑ 8%
$76,062/yr ↓ 16%
Median Income
$90,038/yr ↑ 18%
$339,200 ↓ 48%
Home Value
$650,100 ↑ 92%
$1,523/mo ↓ 24%
Owner Costs
$2,015/mo ↑ 32%
206,387
Population
115,396

Tax Comparison

0%
Income Tax
13.3%
6.0%
State Sales Tax
7.25%
0.86%
Property Tax
0.71%

Affordability

27.6%
rent-to-income
Affordability
25.3%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Richmond, CA, the overall cost of living indices are 114 and 161 respectively (national median = 100). Rent is $144/month cheaper in Cape Coral, saving renters about $1,728/year.

Median household income is $13,976/year higher in Richmond. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $650,100 in Richmond.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over California's 13.3% rate.

Frequently Asked Questions

Cape Coral vs Richmond — common questions

Is Cape Coral or Richmond cheaper to live in?
Based on our cost index, Cape Coral is cheaper to live in with an index of 114 compared to 161 (US average = 100).
What is the rent difference between Cape Coral and Richmond?
Median rent in Cape Coral is $1,751/month and in Richmond it's $1,895/month — a difference of $144/month.
Which city has higher income, Cape Coral or Richmond?
Median household income is $76,062 in Cape Coral and $90,038 in Richmond. Median household income is $13,976/year higher in Richmond.
How do taxes compare between Florida and California?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Cape Coral or Richmond?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Richmond has a cost index of 161 with rent of $1,895/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Richmond details →

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