Housing costs in Palm Bay?
A typical home costs
$295,800, which is 12.5% less expensive than the national average of
$338,100 and 18.4% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay costs
$1,490 per month, which is 4.5% cheaper than the national average of
$1,560 and 7.4% more than the state average of
$1,380.
Can I afford Palm Bay?
To live comfortably in Palm Bay (zip 32907), Florida, a minimum annual income of
$56,520 for a family, and
$49,600 for a single person is recommended.
What does A.I. say about Palm Bay?
The cost of living in 32907 Palm Bay, FL is quite reasonable. The area has a livability score of about 69, which means that it is generally cheaper than average to live in this area. The median home price for this ZIP code is around $150,000, making it an affordable option for many people looking to settle down in a new area. Additionally, the overall cost of living index is slightly lower than the national average due to the lower cost of housing and other expenses like groceries and utilities. The unemployment rate in Palm Bay also remains low at around 3%, so finding employment there should not be too difficult. All things considered, Palm Bay makes for a great destination to settle down and enjoy life while keeping your costs low.