City comparison
Cape Coral, FL vs Minneapolis, MN
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Minneapolis, MN are 2.4% higher than in Cape Coral, FL. Someone earning $100,000 in Cape Coral, FL would need about $102,400 in Minneapolis, MN to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,638 a month in Cape Coral, FL versus $1,405 in Minneapolis, MN. On $100,000, that's 25% of take-home pay in Cape Coral, FL and 23% in Minneapolis, MN.
- On $100,000, estimated state income tax is about $5,277 a year higher in Minneapolis, MN than in Cape Coral, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by +9.0% moving from Cape Coral, FL to Minneapolis, MN ($106,437 → $116,038), while prices change by +2.4%. Net effect of the transfer: +6.4% in real buying power.
- Cape Coral, FL: price level 102.3 (pricier)
- Minneapolis, MN: price level 104.8 (pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Cape Coral, FL | Minneapolis, MN | |
|---|---|---|
| Price level (U.S. = 100)2 | 102.3 | 104.8 |
| $100,000 is worth, in the other city2 | $102,416 in Minneapolis | $97,641 in Cape Coral |
| Typical 1-bedroom rent3 | $1,638/mo | $1,405/mo |
| Take-home on $100,00014,15,8 | $79,180 | $73,903 |
| State income tax on $100,000 (estimate)8 | $0 (FL) | $5,277 (MN) |
| Rent burden on $100,000 | 25% | 23% |
| Median pay, all jobs4 | $46,780 | $59,320 |
| Federal locality pay area7 | Rest of U.S. | Minneapolis-St. Paul, MN-WI |
Rent areas: Cape Coral-Fort Myers, FL MSA and Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Metro areas: Cape Coral-Fort Myers, FL and Minneapolis-St. Paul-Bloomington, MN-WI.
What costs more or less
| Price level (U.S. = 100) | Cape Coral | Minneapolis |
|---|---|---|
| Housing (rent) | 125.1 | 111.8 |
| Goods | 96.2 | 103.1 |
| Utilities | 86.9 | 93.5 |
| Other services | 98.9 | 104.4 |
| Overall | 102.3 | 104.8 |
Moving with the same $100,000 salary
Cape Coral, FL → Minneapolis, MN
Same pay buys less
Buying power −2.4%; rent takes 23% of take-home; state tax +$5,277/yr.
61 Fair offer
Minneapolis, MN → Cape Coral, FL
Same pay goes further
Buying power +2.4%; rent takes 25% of take-home; state tax −$5,277/yr.
76 Strong offer
On the GS pay scale?
Cape Coral, FL is in the Rest of U.S. pay area; Minneapolis, MN is in Minneapolis-St. Paul, MN-WI. The last column shows what a transfer from Cape Coral, FL to Minneapolis, MN at the same grade and step does to real buying power.
| Grade5,2 | Cape Coral, FL | Minneapolis, MN | Real change, Cape Coral → Minneapolis |
|---|---|---|---|
| GS-9 step 1 | $61,722 | $67,290 | +6.4% |
| GS-11 step 1 | $74,678 | $81,415 | +6.4% |
| GS-12 step 1 | $89,508 | $97,582 | +6.4% |
| GS-13 step 1 | $106,437 | $116,038 | +6.4% |
| GS-14 step 1 | $125,776 | $137,123 | +6.4% |
Pay for common jobs
| Median annual pay4 | Cape Coral, FL | Minneapolis, MN | Minneapolis pay in Cape Coral dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $60,470 | $79,730 | $77,849 (+28.7%) |
| Software Developers | $126,940 | $130,920 | $127,831 (+0.7%) |
| Accountants and Auditors | $79,420 | $86,500 | $84,459 (+6.3%) |
| Registered Nurses | $82,860 | $103,040 | $100,609 (+21.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.