salaryMadison is 5% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Madison to live the same way.
🏠 Rent per month
$2,339
$1,723
🛏️ 2-bedroom rent
$1,738
$1,628
💵 Families earn per year
$84,235
$84,177
🔑 Buying a house
$373,500
$372,900
📊 Overall prices (U.S. = 100)
102.3
97.3
🏛️ Property tax per year
$3,176
$6,541
⚡ Electric bill per month
$196
$120
👥 People living there
215,536
278,001
Commute to work
29.9 min
19.4 min
College degree
26.9%
59.9%
Own their home
77.2%
46%
Below poverty line
10.7%
16.4%
Unemployment
3.8%
2.7%
Bottom line
- Pick Cape Coral for higher incomes, less poverty.
- Pick Madison for lower rent, cheaper 2-bedroom apartments, cheaper homes and 3 more.
Pay for the same job
| Job | Cape Coral | Madison | Difference |
|---|---|---|---|
| Plumber | $51,690 | $85,160 | +65% in Madison |
| Electrician | $57,930 | $78,430 | +35% in Madison |
| Operations Manager | $94,730 | $126,620 | +34% in Madison |
| Carpenter | $49,210 | $63,480 | +29% in Madison |
| Customer Service Representative | $38,180 | $47,500 | +24% in Madison |
| Registered Nurse | $82,860 | $101,190 | +22% in Madison |
| Truck Driver | $48,950 | $59,700 | +22% in Madison |
| Nursing Assistant | $37,510 | $45,260 | +21% in Madison |
Frequently asked questions
Is Cape Coral or Madison cheaper to live in?
Madison is about 5% cheaper overall. Rent is $1,723 a month there versus $2,339 in Cape Coral.
What salary do I need in Madison to match $60,000 in Cape Coral?
About $57,033 a year gives the same standard of living in Madison.
Where do people earn more, Cape Coral or Madison?
The typical household earns $84,235 in Cape Coral and $84,177 in Madison, 0% more in Cape Coral.