Housing costs in Palm Bay?
A typical home costs
$301,500, which is 10.8% less expensive than the national average of
$338,100 and 16.8% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay costs
$1,420 per month, which is 0.7% cheaper than the national average of
$1,430 and 9.9% cheaper than the state average of
$1,560.
Can I afford Palm Bay?
To live comfortably in Palm Bay, Florida, a minimum annual income of
$57,600 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Palm Bay?
Palm Bay is one of the most affordable places in Florida with a median home price of $160K and median rent of close to $1,000 per month. Grocery prices come in slightly below the US average due to local taxes & regulations while sales tax stands at 7%. Utilities are also reasonably priced given its proximity to nearby cities such as Orlando and Miami.