Housing costs in Palm Bay?
A typical home costs
$302,300, which is 10.6% less expensive than the national average of
$338,100 and 16.6% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Palm Bay costs
$1,360 per month, which is 12.8% cheaper than the national average of
$1,560 and close to the state average of
$1,380.
Can I afford Palm Bay?
To live comfortably in Palm Bay (zip 32909), Florida, a minimum annual income of
$57,960 for a family, and
$45,200 for a single person is recommended.
What does A.I. say about Palm Bay?
The cost of living in 32909 Palm Bay, FL is quite affordable. The median home value in the area is $171,000 and the median rent is around $1,100 a month. Other expenses such as groceries, utilities and transportation are also relatively low when compared to other parts of the country. On top of that, there is no state income tax in Florida making it an even more attractive place to live. All these factors make it easy for people to budget for their needs while still leaving plenty of money left over for leisure activities or savings.