Boynton Beach, FL vs Cape Coral, FL

Boynton Beach, FL and Cape Coral, FL have a very similar cost of living, with only a 4.6% difference in their overall index. Boynton Beach scores 122 while Cape Coral scores 117 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Boynton Beach is $1,896/month compared to $1,751/month in Cape Coral — a 8% difference. Interestingly, home values tell a different story: while Cape Coral has cheaper rent, Boynton Beach actually has lower median home values ($312,700 vs $339,200).

Median household income in Boynton Beach is $71,378 compared to $76,062 in Cape Coral (-6.2%). Cape Coral offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boynton Beach spend roughly 31.9% of their income on rent, more than the 27.6% in Cape Coral. The Cape Coral ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.