Melbourne, FL Cost Of Living

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Updated: 2020-03-08
Melbourne's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Melbourne is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Melbourne, FL?

According to the most recent data on the cost of living, Melbourne has an overall cost of living index of 96 which is 1.0x lower than the national index of 100.

Compared to only Florida, Melbourne has a cost of living index that's 1.0x lower than Florida's index of 99.

The standard of living in Melbourne ranks as #2652 most affordable out of the 6522 places we measured in Florida. By definition, that implies Melbourne ranks as the #3754 most expensive place in the Sunshine State.

Melbourne Cost Of Living Vs. Florida

Living Expense Melbourne Florida National Average
Overall 96 99 100
Services 104 99 100
Groceries 104 105 100
Health 110 100 100
Housing 75 96 100
Transportation 100 98 100
Utilities 115 102 100
For more reading on cost of living around Florida, check out:
Melbourne Cost of Living Vs. FL

Melbourne, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Melbourne Florida United States
Median Home Value $155,300 $196,800 $204,900
Median Rent $966 $1,128 $1,023
Median Income $45,938 $53,267 $60,293
Home Value To Income 3.4x 3.7x 3.4x
Rent To Monthly Income 0.25x 0.25x 0.2x

Melbourne SnackAbility

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Cost Of Living In Cities Around Melbourne

City Population Cost Of Living Vs. Melbourne
Palm Bay, FL 110,271 95 1.0x
Merritt Island, FL 36,797 97 1.0x
Rockledge, FL 26,906 93 1.0x
West Melbourne, FL 21,471 104 1.1x
Cocoa, FL 18,053 83 0.9x
Cocoa Beach, FL 11,539 107 1.1x
Viera East, FL 11,183 100 1.0x
Satellite Beach, FL 10,721 112 1.2x
Indian Harbour Beach, FL 8,401 110 1.1x
South Patrick Shores, FL 6,802 113 1.2x

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