Is Richmond, VA cheaper than Cape Coral, FL?

Based on cost of living data, Richmond, VA is 0.9% more expensive than Cape Coral, FL. The two cities have very similar living costs.

What salary do I need in Richmond, VA to live like I do in Cape Coral, FL?

If you earn $150,000 in Cape Coral, FL, you'd need approximately $150,803.648 in Richmond, VA to maintain the same standard of living.

How does housing cost compare between Cape Coral, FL and Richmond, VA?

Housing in Richmond, VA is 8.8% more expensive than in Cape Coral, FL. For a two-bedroom apartment, rent is $1,710/month in Richmond, VA compared to $1,309/month in Cape Coral, FL.

How much can I save per month by moving from Cape Coral, FL to Richmond, VA?

Cape Coral, FL and Richmond, VA have very similar costs of living, based on a $150,000 salary.

Cape Coral, FL vs Richmond, VA: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Cape Coral, FL

Numbers update automatically as you type

You'd spend $66.97/month more in Richmond, VA

$150.0K in your current city equals $150.8K in Richmond, VA

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↑ 0.9%

More expensive

Monthly Impact

$66.97

Extra cost

Annual Impact

$804

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Cape Coral, FL

Population:224K

Cost Index:

100

100 = national average

Median Home:$367K

Richmond, VA

Population:230K

Cost Index:

101

(1% above avg)

Median Home:$350K

Cape Coral, FL

The Sunshine State

224K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 224K residents.

💡 Advantage: Florida has no state income tax!

Richmond, VA

The Old Dominion State

230K

Population

State Tax

Yes

Located in Virginia, this city has a population of 230K residents.

Cost Breakdown by Category

Annual spending: Cape Coral, FL vs Richmond, VA

Category	Cape Coral, FL	Richmond, VA	Difference	Change
Housing	$2,341/mo	$2,547/mo	↑ $206more	8.8%
Healthcare	$559/mo	$632/mo	↑ $72.81more	13.0%
Transportation	$1,236/mo	$1,284/mo	↑ $48.43more	3.9%
Groceries	$1,000/mo	$959/mo	↓ $40.55less	4.1%
Other	$1,740/mo	$1,758/mo	↑ $17.97more	1.0%
All Utilities	$563/mo	$574/mo	↑ $10.92more	1.9%

Housing

↑ 8.8%

Cape Coral, FL

$2,341

Richmond, VA

$2,547

Difference

$206

Healthcare

↑ 13.0%

Cape Coral, FL

$559

Richmond, VA

$632

Difference

$72.81

Transportation

↑ 3.9%

Cape Coral, FL

$1,236

Richmond, VA

$1,284

Difference

$48.43

Groceries

↓ 4.1%

Cape Coral, FL

$1,000

Richmond, VA

$959

Difference

$40.55

less

Other

↑ 1.0%

Cape Coral, FL

$1,740

Richmond, VA

$1,758

Difference

$17.97

All Utilities

↑ 1.9%

Cape Coral, FL

$563

Richmond, VA

$574

Difference

$10.92

🏠Rent Comparison

Studio

From$900

To$1,490

↑ $590

1 Bed

From$1,063

To$1,560

↑ $497

2 Bed

From$1,309

To$1,710

↑ $401

3 Bed

From$1,799

To$2,140

↑ $341

Richmond, VAZIP-level data

1BR range: $1,400–$1,920/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,438

Monthly in Cape Coral, FL

$7,753

Monthly in Richmond, VA

$316

Difference

Home Values

Cape Coral

Richmond

Median Value

$350K

YoY Change

↑ +1.1%

5-Year Change

↑ +39.2%

Price Range

$234K - $619K

Calculate payment - Richmond

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $8.4K

More taxes

Monthly Difference

$697

Less take-home

Effective Rate Diff

5.6%

Rate difference

Cape Coral, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Richmond, VA

Federal Income Tax

Effective: 18.9%

$25.5K

Virginia State Tax

Effective: 5.6%

$8.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.3%

$45.4K

Take-Home Pay

$8,718/month

$104.6K

Additional Tax Information

Cape Coral, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Richmond, VA Tax Rates

Sales Tax:5.7%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.