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Cost of living in Palm Bay, FL

Livability score 66 · cost-of-living index 101.3 (US = 100)

Palm Bay, FL
Photo: Excel23 via Commons · CC BY-SA 4.0

How Palm Bay compares

Where Palm Bay falls within the range of all 200 metros (marker = this city).

Cost-of-living index (US=100) 85 118 Cost-of-living index (US=100): 101 — range 85 to 118 across all metros 101 Median home price $149k $1610k Median home price: $345k — range $149k to $1610k across all metros $345k Price per sqft (more house = lower) $88 $1074 Price per sqft (more house = lower): $186 — range $88 to $1074 across all metros $186 Combined sales tax 0.0% 11.5% Combined sales tax: 7.0% — range 0.0% to 11.5% across all metros 7.0% Property tax rate 0.28% 2.76% Property tax rate: 0.72% — range 0.28% to 2.76% across all metros 0.72% Violent crime (per 100k, state avg) 110 1,000 Violent crime (per 100k, state avg): 380 — range 110 to 1,000 across all metros 380 Electricity (¢/kWh) 12.3 46.6 Electricity (¢/kWh): 15.4 — range 12.3 to 46.6 across all metros 15.4 Avg summer high (°F) 65° 104° Avg summer high (°F): 91° — range 65° to 104° across all metros 91° Avg winter low (°F) -2° 72° Avg winter low (°F): 52° — range -2° to 72° across all metros 52°

Map of Palm Bay

Grocery stores, parks, golf courses and more — real listings. Toggle categories in the legend.

Map data © OpenStreetMap contributors · business listings via Google Maps

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100) 101.3 metro-area #149 of 200
Grocery index (US=100) 96.3 metro-area #76 of 200
Big Mac price (est.) $5.77 metro-area #149 of 200
Median household income $71,308 metro-area #97 of 200
Median wage (all occupations) $39,064 metro-area #113 of 200

Who lives here

MetricValueScopeUS rank
Median age 46.8 years metro-area #192 of 200
Bachelor's degree or higher (25+) 33.5% metro-area #98 of 200
Foreign-born residents 9.5% metro-area #77 of 200
Homes that are owner-occupied 76.9% metro-area #3 of 200

Economy

MetricValueScopeUS rank
Unemployment rate 4.86% metro-area #79 of 200
Population growth (5-yr) +7.5% metro-area #47 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price $344,841 metro-area #99 of 200
Home price ÷ income (affordability) 4.8× metro-area #102 of 200
1-yr home appreciation -2.2% metro-area #179 of 200
Price per square foot $186 metro-area #99 of 200
Typical home size (implied) 1,850 sqft
Median rent (monthly) $1,920 metro-area #150 of 200
Homes for sale (inventory) 4,650
Median days on market 36 metro-area #173 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income) 9.1% state #38 of 200
Combined sales tax 7.02% state #69 of 200
State income tax (top rate) None
Capital gains tax None state #1 of 200
High earners No special surtax
Social Security in retirement Not taxed — has no state income tax, so Social Security is untaxed along with everything else
Effective property tax rate 0.72% metro-area #63 of 200
Median property tax paid $2,002 metro-area #66 of 200

Health & childcare

MetricValueScopeUS rank
Life expectancy at birth 75.8 years metro-area #127 of 200
Healthcare (annual, single adult) $7,500 state #163 of 200
Uninsured (share of residents) 11.2% metro-area #138 of 200
Primary care providers per 100k 72 metro-area #112 of 200
Childcare (annual, infant, center) $10,000 state #58 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration $225 state #153 of 200
Vehicle property tax (annual) None state #1 of 200
Emissions testing Not required
Emissions detail No vehicle emissions testing
DMV & license offices 4
Avg commute to work 26 min metro-area #134 of 200
Commute by driving alone 76.1% metro-area #114 of 200
Solo drivers commuting 30+ min 34.3% metro-area #125 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity 15.4¢/kWh state #45 of 200
Avg monthly electric bill $138 state #41 of 200
Gasoline $3.35/gal state #111 of 200
Natural gas (avg monthly bill) $38 state #3 of 200
Water & sewer (avg monthly bill) $88 state #65 of 200
Home internet (avg monthly bill) $76 state #20 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual) $4,200 state #183 of 200
Auto insurance (annual) $2,900 state #181 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazards Notable hazards: hurricanes, flooding — separate flood/quake/windstorm policies may be needed.
FEMA National Risk Index (0–100, higher = more risk) 98.4 — Relatively High metro-area #177 of 200
Flood insurance (annual, NFIP) $1,400 state #185 of 200
Earthquake insurance (annual) $100 state #1 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner) 40 metro-area #40 of 200
Cooling degree-days (AC load) 3,600 metro-area #180 of 200
Homes with air conditioning (state) 96% state #4 of 200
Heating degree-days (heat load) 500 metro-area #4 of 200
Days per year ≥ 90°F 66 metro-area #146 of 200
Days per year ≥ 100°F 0 metro-area #5 of 200
Avg summer high (state) 91°F metro-area #136 of 200
Avg winter low 52°F metro-area #4 of 200
Annual precipitation 51.5" metro-area #171 of 200
Annual snowfall 0.0" metro-area #1 of 200
Sunshine (% of possible) 68% metro-area #34 of 200
Plant hardiness zone 10a
Frost window 01-15 → 01-15

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg) 380 state #75 of 200
Property crime (per 100k, state avg) 1,950 state #67 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores 120 metro-area #5 of 200
Parks 60
Hiking areas 15
Golf courses 15
Shooting ranges 4
Lakes 4

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5) 3 state #87 of 200
Permit detail Moderate

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.

Salaries by occupation in Palm Bay

Local median pay, BLS OEWS. All occupations →

OccupationMedian pay
Dentists $168,730
Marketing Managers $143,200
Financial Managers $135,450
Pharmacists $134,500
Human Resources Managers $126,370
Software Developers $122,620
Physician Assistants $117,270
Lawyers $112,410
General & Operations Managers $100,960
Mechanical Engineers $100,880
Physical Therapists $100,390
Construction Managers $100,020
Data Scientists $97,770
Civil Engineers $96,310
Dental Hygienists $82,790
Registered Nurses $79,530
Web Developers $75,770
Accountants & Auditors $75,690
Real Estate Sales Agents $65,340
Graphic Designers $59,750
Police & Sheriff's Patrol Officers $53,610
Plumbers, Pipefitters & Steamfitters $52,330
Elementary School Teachers $52,240
Electricians $50,260
Heavy & Tractor-Trailer Truck Drivers $47,840
Welders, Cutters & Solderers $46,620
Carpenters $46,490
Medical Assistants $37,390

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