Housing costs in Palm Bay?
A typical home costs
$250,700, which is 25.9% less expensive than the national average of
$338,100 and 30.8% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay costs
$1,250 per month, which is 19.9% cheaper than the national average of
$1,560 and 10.4% cheaper than the state average of
$1,380.
Can I afford Palm Bay?
To live comfortably in Palm Bay (zip 32905), Florida, a minimum annual income of
$47,880 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Palm Bay?
The cost of living in 32905 Palm Bay, FL is relatively affordable compared to other locations, especially those in larger cities. Rent for a one bedroom apartment averages around $800 per month and utilities such as water and electricity are also relatively inexpensive. Groceries are similarly priced to other parts of the country while gas prices tend to be slightly lower than the national average. Additionally, restaurants in Palm Bay offer delicious Southern-style cuisine at reasonable prices. Overall, Palm Bay is an excellent choice for those looking for a low cost of living without sacrificing quality.