Cost of Living: Cape Coral, FL vs Waco, TX (2026)

Cape Coral

Florida
114
VS

Waco

Texas
72

Cape Coral is 58% more expensive than Waco.

$1,751/mo ↑ 59%
Median Rent
$1,098/mo ↓ 37%
$76,062/yr ↑ 48%
Median Income
$51,468/yr ↓ 32%
$339,200 ↑ 70%
Home Value
$199,600 ↓ 41%
$1,523/mo ↑ 39%
Owner Costs
$1,094/mo ↓ 28%
206,387
Population
141,925

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
1.6%

Affordability

27.6%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Waco, TX, the overall cost of living indices are 114 and 72 respectively (national median = 100). Rent is $653/month cheaper in Waco, saving renters about $7,836/year.

Median household income is $24,594/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $199,600 in Waco.

Frequently Asked Questions

Cape Coral vs Waco — common questions

Is Cape Coral or Waco cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Waco?
Median rent in Cape Coral is $1,751/month and in Waco it's $1,098/month — a difference of $653/month.
Which city has higher income, Cape Coral or Waco?
Median household income is $76,062 in Cape Coral and $51,468 in Waco. Median household income is $24,594/year higher in Cape Coral.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Cape Coral or Waco?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/mo, while Waco has a cost index of 72 with rent of $1,098/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Cape Coral details → View Waco details →

More Comparisons

Other cost of living comparisons for Cape Coral and Waco

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