salaryCape Coral is 10% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Newark to live the same way.
🏠 Rent per month
$2,339
$1,867
🛏️ 2-bedroom rent
$1,738
$1,573
💵 Families earn per year
$84,235
$56,147
🔑 Buying a house
$373,500
$373,700
📊 Overall prices (U.S. = 100)
102.3
112.6
🏛️ Property tax per year
$3,176
$7,262
⚡ Electric bill per month
$196
$143
👥 People living there
215,536
310,178
Commute to work
29.9 min
32.6 min
College degree
26.9%
19.7%
Own their home
77.2%
24.4%
Below poverty line
10.7%
23.4%
Unemployment
3.8%
11.6%
Bottom line
- Pick Cape Coral for higher incomes, cheaper homes, shorter commutes and 3 more.
- Pick Newark for lower rent, cheaper 2-bedroom apartments.
Pay for the same job
| Job | Cape Coral | Newark | Difference |
|---|---|---|---|
| Firefighter | $60,000 | $106,420 | +77% in Newark |
| Operations Manager | $94,730 | $157,000 | +66% in Newark |
| Lawyer | $129,450 | $208,880 | +61% in Newark |
| Elementary School Teacher | $60,470 | $96,900 | +60% in Newark |
| Market Research Analyst | $65,180 | $100,520 | +54% in Newark |
| Plumber | $51,690 | $78,610 | +52% in Newark |
| Carpenter | $49,210 | $74,300 | +51% in Newark |
| Registered Nurse | $82,860 | $119,720 | +44% in Newark |
Frequently asked questions
Is Cape Coral or Newark cheaper to live in?
Cape Coral is about 10% cheaper overall. Rent is $2,339 a month there versus $1,867 in Newark.
What salary do I need in Newark to match $60,000 in Cape Coral?
About $65,988 a year gives the same standard of living in Newark.
Where do people earn more, Cape Coral or Newark?
The typical household earns $84,235 in Cape Coral and $56,147 in Newark, 50% more in Cape Coral.