Cost of Living in Palm bay, FL
Housing
The housing market plays a significant role in determining the cost of living in Palm bay, FL.
- Housing Index: 90.0 / 100
- Median Home Price is: $346000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1645 per month
Considering a move to Palm bay, FL? The housing index stands at 90.0, indicating a relatively affordable market compared to the national average. With a median home price of 346000, purchasing a home may be within reach for many buyers. Renting options show an average cost of 1600 for a 2-bedroom apartment and 1645 for a 2-bedroom house. This combination suggests that whether you plan to buy or rent, Palm bay offers reasonable housing opportunities which should positively influence your decision-making process. Consider your lifestyle preferences in relation to these costs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Palm bay, FL.
- Electricity Price: $13.89 USD (median by state)
- Natural Gas Price: $26.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Palm bay, FL could entail higher utility costs. Electricity costs sit at $13.89, while natural gas is priced at $26.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Palm bay is a financially viable option for your relocation.