Cost of Living Analytics

Cost of Living / Palm Bay, FL Metro

Cost of Living in Palm Bay, FL Metro

Official metro name: Palm Bay-Melbourne-Titusville, FL Metro Area

Palm Bay, FL Metro has a population of 610,723. Median household income is $71,308 and median rent is $1,327 per month. Rent is roughly 22.3% of median monthly income.

State: FLPopulation: 610,723Income: $71,308Rent: $1,327Affordability: Affordable (22.3%)
Median Household Income
$71,308
Annual (ACS median)
Median Rent
$1,327
Monthly (ACS median gross rent)
Rent as % of Income
22.3%
rent ÷ (income/12)
Cost Index
95
Simplified relative index

Is Palm Bay, FL Metro expensive?

Based on median rent and income, Palm Bay, FL Metro has a Affordable rent burden. Median rent is $1,327, which is about 22.3% of median monthly household income.

Average rent in Palm Bay, FL Metro

Median rent (ACS) is $1,327 per month. (Neighborhoods vary widely.)

How much income do you need in Palm Bay, FL Metro?

Median household income (ACS) is $71,308 per year. Housing costs take a bigger share of income when rent burden is high.

Other metros in FL

Compare Palm Bay, FL Metro with nearby metros:

Data sources

  • US Census Bureau American Community Survey (ACS).
  • Affordability metric: median rent ÷ (median household income / 12).
  • Figures are metro-level medians; local variation is expected.