Housing costs in Palm Bay-Melbourne-Titusville?
A typical home costs
$357,500, which is 5.7% more expensive than the national average of
$338,100 and 1.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay-Melbourne-Titusville costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 13.0% cheaper than the state average of
$1,560.
Can I afford Palm Bay-Melbourne-Titusville?
To live comfortably in Palm Bay-Melbourne-Titusville Flor Metro Area, Florida, a minimum annual income of
$68,400 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Palm Bay-Melbourne-Titusville?
The cost of living in the Palm Bay-Melbourne-Titusville, FL Metro Area is relatively low compared to the US average. According to recent studies, the area has a Cost of Living index of 95.2 which is below the national average of 100. This makes it an attractive option for those looking for a lower cost of living with a median house value of $357,500 which is also much lower than the national average of $338,100. Some additional factors that contribute to the overall affordability include low home and rental prices as well as lower taxes and utilities costs.