Cost of Living: Cape Coral, FL vs Tempe, AZ (2026)

Cape Coral

Florida
114
VS

Tempe

Arizona
120

Cape Coral is 5% cheaper than Tempe.

$1,751/mo ↑ 8%
Median Rent
$1,623/mo ↓ 7%
$76,062/yr ↓ 2%
Median Income
$77,643/yr ↑ 2%
$339,200 ↓ 20%
Home Value
$421,900 ↑ 24%
$1,523/mo ↓ 2%
Owner Costs
$1,554/mo ↑ 2%
206,387
Population
186,419

Tax Comparison

0%
Income Tax
2.5%
6.0%
State Sales Tax
5.6%
0.86%
Property Tax
0.62%

Affordability

27.6%
rent-to-income
Affordability
25.1%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Tempe, AZ, the overall cost of living indices are 114 and 120 respectively (national median = 100). Rent is $128/month cheaper in Tempe, saving renters about $1,536/year.

Median household income is $1,581/year higher in Tempe. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $421,900 in Tempe.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Cape Coral vs Tempe — common questions

Is Cape Coral or Tempe cheaper to live in?
Based on our cost index, Cape Coral is cheaper to live in with an index of 114 compared to 120 (US average = 100).
What is the rent difference between Cape Coral and Tempe?
Median rent in Cape Coral is $1,751/month and in Tempe it's $1,623/month — a difference of $128/month.
Which city has higher income, Cape Coral or Tempe?
Median household income is $76,062 in Cape Coral and $77,643 in Tempe. Median household income is $1,581/year higher in Tempe.
How do taxes compare between Florida and Arizona?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Cape Coral or Tempe?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Tempe details →

More Comparisons

Other cost of living comparisons for Cape Coral and Tempe

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