Is Cape Coral, FL cheaper than Newport News, VA?

Based on cost of living data, Cape Coral, FL is 0.9% cheaper than Newport News, VA. The two cities have very similar living costs.

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

If you earn $150,000 in Newport News, VA, you'd need approximately $149,203.464 in Cape Coral, FL to maintain the same standard of living.

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

Housing in Cape Coral, FL is 8.1% cheaper than in Newport News, VA. For a two-bedroom apartment, rent is $1,309/month in Cape Coral, FL compared to $1,660/month in Newport News, VA.

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

Moving from Newport News, VA to Cape Coral, FL could save you approximately $66 per month, or $797 per year, based on a $150,000 salary.

Newport News, VA vs Cape Coral, FL: 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 Newport News, VA

Numbers update automatically as you type

You'd save $66.38/month moving to Cape Coral, FL

$150.0K in your current city equals $149.2K in Cape Coral, FL

Rent data from HUD ZIP-level estimates · COL index from Virginia Beach-Norfolk-Newport News, VA-NC area

Overall Cost

↓ 0.9%

Less expensive

Monthly Impact

$66.38

Savings

Annual Impact

$797

Per year

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

Newport News, VA

Population:183K

Cost Index:

100

100 = national average

Median Home:$288K

Cape Coral, FL

Population:224K

Cost Index:

(1% below avg)

Median Home:$367K

Newport News, VA

The Old Dominion State

183K

Population

State Tax

Yes

Located in Virginia, this city has a population of 183K residents.

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!

Cost Breakdown by Category

Annual spending: Newport News, VA vs Cape Coral, FL

Category	Newport News, VA	Cape Coral, FL	Difference	Change
Housing	$2,547/mo	$2,341/mo	↓ $206less	8.1%
Healthcare	$632/mo	$559/mo	↓ $72.81less	11.5%
Transportation	$1,284/mo	$1,236/mo	↓ $48.43less	3.8%
Groceries	$959/mo	$1,000/mo	↑ $40.55more	4.2%
Other	$1,707/mo	$1,740/mo	↑ $32.25more	1.9%
All Utilities	$574/mo	$563/mo	↓ $10.92less	1.9%

Housing

↓ 8.1%

Newport News, VA

$2,547

Cape Coral, FL

$2,341

Difference

$206

less

Healthcare

↓ 11.5%

Newport News, VA

$632

Cape Coral, FL

$559

Difference

$72.81

less

Transportation

↓ 3.8%

Newport News, VA

$1,284

Cape Coral, FL

$1,236

Difference

$48.43

less

Groceries

↑ 4.2%

Newport News, VA

$959

Cape Coral, FL

$1,000

Difference

$40.55

Other

↑ 1.9%

Newport News, VA

$1,707

Cape Coral, FL

$1,740

Difference

$32.25

All Utilities

↓ 1.9%

Newport News, VA

$574

Cape Coral, FL

$563

Difference

$10.92

less

🏠Rent Comparison

Studio

From$1,445

To$900

↓ $545

1 Bed

From$1,465

To$1,063

↓ $402

2 Bed

From$1,660

To$1,309

↓ $351

3 Bed

From$2,305

To$1,799

↓ $506

Newport News, VAZIP-level data

1BR range: $1,240–$1,940/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.

$7,703

Monthly in Newport News, VA

$7,438

Monthly in Cape Coral, FL

$265

Difference

Home Values

Newport News

Cape Coral

$288K

Median Value

↑ +1.3%

YoY Change

↑ +38%

5-Year Change

$180K - $356K

Price Range

Calculate payment - Newport News

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $8.4K

Per year

Monthly Difference

$697

More take-home

Effective Rate Diff

5.6%

Rate difference

Newport News, 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

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

Additional Tax Information

Newport News, VA Tax Rates

Sales Tax:5.7%

Property Tax:0.8%

Cape Coral, FL Tax Rates

Sales Tax:7.2%

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.