City comparison
Cape Coral, FL vs Waterbury, CT
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Cape Coral, FL are 2.6% higher than in Waterbury, CT. Someone earning $100,000 in Waterbury, CT would need about $102,600 in Cape Coral, FL to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,638 a month in Cape Coral, FL versus $1,445 in Waterbury, CT. On $100,000, that's 25% of take-home pay in Cape Coral, FL and 23% in Waterbury, CT.
- On $100,000, estimated state income tax is about $3,925 a year higher in Waterbury, CT than in Cape Coral, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by +17.8% moving from Cape Coral, FL to Waterbury, CT ($106,437 → $125,431), while prices change by −2.5%. Net effect of the transfer: +20.9% in real buying power.
- Cape Coral, FL: price level 102.3 (pricier)
- Waterbury, CT: price level 99.8 (about average)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Cape Coral, FL | Waterbury, CT | |
|---|---|---|
| Price level (U.S. = 100)2 | 102.3 | 99.8 |
| $100,000 is worth, in the other city2 | $97,488 in Waterbury | $102,577 in Cape Coral |
| Typical 1-bedroom rent3 | $1,638/mo | $1,445/mo |
| Take-home on $100,00014,15,8 | $79,180 | $75,255 |
| State income tax on $100,000 (estimate)8 | $0 (FL) | $3,925 (CT) |
| Rent burden on $100,000 | 25% | 23% |
| Median pay, all jobs4 | $46,780 | $51,440 |
| Federal locality pay area7 | Rest of U.S. | New York-Newark, NY-NJ-CT-PA |
Rent areas: Cape Coral-Fort Myers, FL MSA and Waterbury-Shelton, CT MSA. Metro areas: Cape Coral-Fort Myers, FL and Waterbury-Shelton, CT.
What costs more or less
| Price level (U.S. = 100) | Cape Coral | Waterbury |
|---|---|---|
| Housing (rent) | 125.1 | 89.1 |
| Goods | 96.2 | 97.3 |
| Utilities | 86.9 | 147.6 |
| Other services | 98.9 | 102.7 |
| Overall | 102.3 | 99.8 |
Moving with the same $100,000 salary
Cape Coral, FL → Waterbury, CT
Same pay goes further
Buying power +2.6%; rent takes 23% of take-home; state tax +$3,925/yr.
77 Strong offer
Waterbury, CT → Cape Coral, FL
Same pay buys less
Buying power −2.5%; rent takes 25% of take-home; state tax −$3,925/yr.
61 Fair offer
On the GS pay scale?
Cape Coral, FL is in the Rest of U.S. pay area; Waterbury, CT is in New York-Newark, NY-NJ-CT-PA. The last column shows what a transfer from Cape Coral, FL to Waterbury, CT at the same grade and step does to real buying power.
| Grade5,2 | Cape Coral, FL | Waterbury, CT | Real change, Cape Coral → Waterbury |
|---|---|---|---|
| GS-9 step 1 | $61,722 | $72,737 | +20.9% |
| GS-11 step 1 | $74,678 | $88,005 | +20.9% |
| GS-12 step 1 | $89,508 | $105,481 | +20.9% |
| GS-13 step 1 | $106,437 | $125,431 | +20.9% |
| GS-14 step 1 | $125,776 | $148,222 | +20.9% |
Pay for common jobs
| Median annual pay4 | Cape Coral, FL | Waterbury, CT | Waterbury pay in Cape Coral dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $60,470 | $79,640 | $81,692 (+35.1%) |
| Software Developers | $126,940 | $131,290 | $134,673 (+6.1%) |
| Accountants and Auditors | $79,420 | $93,010 | $95,407 (+20.1%) |
| Registered Nurses | $82,860 | $101,690 | $104,310 (+25.9%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.