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

Phoenix

Arizona
109
VS

Cape Coral

Florida
114

Phoenix is 4% cheaper than Cape Coral.

$1,458/mo ↓ 17%
Median Rent
$1,751/mo ↑ 20%
$77,041/yr ↑ 1%
Median Income
$76,062/yr ↓ 1%
$381,900 ↑ 13%
Home Value
$339,200 ↓ 11%
$1,430/mo ↓ 6%
Owner Costs
$1,523/mo ↑ 7%
1,624,832
Population
206,387

Tax Comparison

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

Affordability

22.7%
rent-to-income
Affordability
27.6%
rent-to-income

Detailed Comparison

When comparing Phoenix, AZ and Cape Coral, FL, the overall cost of living indices are 109 and 114 respectively (national median = 100). Rent is $293/month cheaper in Phoenix, saving renters about $3,516/year.

Median household income is $979/year higher in Phoenix. Home values also differ significantly — the median in Phoenix is $381,900 compared to $339,200 in Cape Coral.

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

Frequently Asked Questions

Phoenix vs Cape Coral — common questions

Is Phoenix or Cape Coral cheaper to live in?
Based on our cost index, Phoenix is cheaper to live in with an index of 109 compared to 114 (US average = 100).
What is the rent difference between Phoenix and Cape Coral?
Median rent in Phoenix is $1,458/month and in Cape Coral it's $1,751/month — a difference of $293/month.
Which city has higher income, Phoenix or Cape Coral?
Median household income is $77,041 in Phoenix and $76,062 in Cape Coral. Median household income is $979/year higher in Phoenix.
How do taxes compare between Arizona and Florida?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Phoenix or Cape Coral?
It depends on your priorities. Phoenix has a cost index of 109 with median rent of $1,458/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.
View Phoenix details → View Cape Coral details →

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