Cape Coral, FL vs Deerfield Beach, FL

Cape Coral, FL and Deerfield Beach, FL have a very similar cost of living, with only a 4.1% difference in their overall index. Cape Coral scores 117 while Deerfield Beach scores 112 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 Cape Coral is $1,751/month compared to $1,670/month in Deerfield Beach — a 5% difference. Home values follow the same pattern: Deerfield Beach is more affordable at $274,400 median vs $339,200.

Median household income in Cape Coral is $76,062 compared to $56,976 in Deerfield Beach (+33.5%). While Cape Coral is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cape Coral spend roughly 27.6% of their income on rent, less than the 35.2% in Deerfield Beach. The Cape Coral ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.