Cape Coral, FL vs St. Petersburg, FL

St. Petersburg is moderately more affordable than Cape Coral, with a 6.5% lower cost of living index. Cape Coral scores 117 compared to 110 for St. Petersburg, where the US average is 100. This difference means residents of Cape Coral can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cape Coral is $1,751/month compared to $1,542/month in St. Petersburg — a 14% difference. Home values follow the same pattern: St. Petersburg is more affordable at $331,500 median vs $339,200.

Median household income in Cape Coral is $76,062 compared to $73,118 in St. Petersburg (+4%). The higher salaries in Cape Coral partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cape Coral spend roughly 27.6% of their income on rent, more than the 25.3% in St. Petersburg.