Memphis, TN vs Cape Coral, FL: 68 vs 114

$1,123/mo ↓ 36%

Median Rent

$1,751/mo ↑ 56%

$51,211/yr ↓ 33%

Median Income

$76,062/yr ↑ 49%

$157,100 ↓ 54%

Home Value

$339,200 ↑ 116%

$1,087/mo ↓ 29%

Owner Costs

$1,523/mo ↑ 40%

629,063

Population

206,387

Detailed Comparison

When comparing Memphis, TN and Cape Coral, FL, the overall cost of living indices are 68 and 114 respectively (national median = 100). Rent is $628/month cheaper in Memphis, saving renters about $7,536/year.

Median household income is $24,851/year higher in Cape Coral. Home values also differ significantly — the median in Memphis is $157,100 compared to $339,200 in Cape Coral.

Frequently Asked Questions

Memphis vs Cape Coral — common questions

Is Memphis or Cape Coral cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 114 (US average = 100).

What is the rent difference between Memphis and Cape Coral?

Median rent in Memphis is $1,123/month and in Cape Coral it's $1,751/month — a difference of $628/month.

Which city has higher income, Memphis or Cape Coral?

Median household income is $51,211 in Memphis and $76,062 in Cape Coral. Median household income is $24,851/year higher in Cape Coral.

How do taxes compare between Tennessee and Florida?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.

Should I move to Memphis or Cape Coral?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Cape Coral has a cost index of 114 with rent of $1,751/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Cape Coral, FL (2026)

Memphis

Cape Coral

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons