Housing costs in Melbourne?
A typical home costs
$270,700, which is 19.9% less expensive than the national average of
$338,100 and 25.3% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne costs
$1,420 per month, which is 9.0% cheaper than the national average of
$1,560 and 2.8% more than the state average of
$1,380.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 32935), Florida, a minimum annual income of
$51,840 for a family, and
$47,200 for a single person is recommended.
What does A.I. say about Melbourne?
The cost of living in 32935 Melbourne, FL is relatively low compared to other parts of the state. This is due to the lower housing costs in the area and the abundance of affordable restaurants. The median home price in Melbourne is around $168,000, which is much lower than many other areas of Florida. Additionally, there are numerous restaurants serving up food at a fraction of the cost that can be found in larger cities. The overall cost of living in Melbourne is significantly lower than other parts of Florida, making it an attractive option for those looking for an affordable place to live.