Housing costs in Melbourne?
A typical home costs
$477,000, which is 41.1% more expensive than the national average of
$338,100 and 31.6% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne costs
$1,770 per month, which is 13.5% more than the national average of
$1,560 and 22.0% more than the state average of
$1,380.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 32934), Florida, a minimum annual income of
$91,440 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Melbourne?
The cost of living in 32934 Melbourne, FL is quite affordable. The median home value in the area is $185,400 and the median rent is $1,320 per month. The estimated costs of food, healthcare, transportation, utilities and housing are all below the national average, making it an attractive place to live for those on a budget. The city also boasts a low unemployment rate (2.6%) and has experienced a steady population growth over the past decade. With its close proximity to local beaches and attractions like Walt Disney World, it's no wonder why so many people are drawn to this friendly neighborhood.