Cost of Living: Cape Coral, FL vs Springfield, MO (2026)

Cape Coral

Florida
114
VS

Springfield

Missouri
60

Cape Coral is 90% more expensive than Springfield.

$1,751/mo ↑ 90%
Median Rent
$920/mo ↓ 47%
$76,062/yr ↑ 65%
Median Income
$45,984/yr ↓ 40%
$339,200 ↑ 105%
Home Value
$165,200 ↓ 51%
$1,523/mo ↑ 68%
Owner Costs
$908/mo ↓ 40%
206,387
Population
169,432

Tax Comparison

0%
Income Tax
4.95%
6.0%
State Sales Tax
4.225%
0.86%
Property Tax
0.93%

Affordability

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

Detailed Comparison

When comparing Cape Coral, FL and Springfield, MO, the overall cost of living indices are 114 and 60 respectively (national median = 100). Rent is $831/month cheaper in Springfield, saving renters about $9,972/year.

Median household income is $30,078/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $165,200 in Springfield.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Cape Coral vs Springfield — common questions

Is Cape Coral or Springfield cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Springfield?
Median rent in Cape Coral is $1,751/month and in Springfield it's $920/month — a difference of $831/month.
Which city has higher income, Cape Coral or Springfield?
Median household income is $76,062 in Cape Coral and $45,984 in Springfield. Median household income is $30,078/year higher in Cape Coral.
How do taxes compare between Florida and Missouri?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Cape Coral or Springfield?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Springfield has a cost index of 60 with rent of $920/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Springfield details →

More Comparisons

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