Housing costs in Palm Bay?
A typical home costs
$324,000, which is 4.2% less expensive than the national average of
$338,100 and 10.6% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay costs
$1,630 per month, which is 4.5% more than the national average of
$1,560 and 15.3% more than the state average of
$1,380.
Can I afford Palm Bay?
To live comfortably in Palm Bay (zip 32908), Florida, a minimum annual income of
$61,920 for a family, and
$54,400 for a single person is recommended.
What does A.I. say about Palm Bay?
The cost of living in 32908 Palm Bay, FL is relatively low compared to other parts of the country. According to BestPlaces, the overall cost of living index in this area is 75.55, which is 25% below the US average. In terms of housing costs, rentals are much more affordable than in many other areas of the US; a one-bedroom apartment in this area averages only $811 per month. Additionally, food and transportation costs are lower than most places in America. This makes Palm Bay an attractive place to live for those seeking good value for their money.