Cost of Living in Melbourne Beach, FL

Population 3,237 · Florida · Data vintage 2023

167
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Melbourne Beach sits 108% above the national median — $634,000 for the typical home — but median household incomes near $86,563 (16% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 9 miles northeast of Palm Bay, Melbourne Beach falls within that metro's commuting orbit. Median home values run roughly 156% higher than Palm Bay's $248,000.

Cost Overview

Housing 208
Rent 106

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Melbourne Beach

The median home value in Melbourne Beach is $634,400 — 108% above the national median of $305,000. Median rent runs $1,390/month, 6% higher than the national median of $1,314/month. The median household income of $86,563/year is 16% higher than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 81.5°F and lows of 64.6°F. Overall, Melbourne Beach has a cost of living index of 167 versus the US average of 100, meaning it is 67% more expensive.

🏠 Housing

Median Home Value
$634,400
108% above avg
Zillow Home Value
$486,482
Zillow ZHVI
Median Rent
$1,390/mo
6% above avg
Zillow Rent
$2,875/mo
Zillow ZORI
Price-to-Rent Ratio
38.0x
Favors renting
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,085
1 BR
$1,181
2 BR
$1,427
3 BR
$1,797
4 BR
$2,099
Owner-occupied 79.4%
Renter-occupied 20.6%

💰 Estimated Monthly Budget

Rent median rent
$1,390
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,004/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.8 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
27.1%

Commute Mode

Drove alone
63.1%
Carpooled
3.0%
Walked
5.1%
Bicycle
1.1%
Work from home
27.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 7.0%
State rate 6.0%
Avg local rate 1.1%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$86,563
16% above avg
Per Capita Income
$64,512
Unemployment Rate
3.6%
24% below avg
Poverty Rate
6.5%
Labor Force Participation
51.2%

🎓 Education

Bachelor's degree+ 34.1%
Graduate degree 32.2%

👥 Demographics

Median Age 54.6
Male median age 51.8
Female median age 56.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
81.5°F
Avg Low
64.6°F
Annual Precip
50.8"
50° 60° 70° 80° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 727477818588908988847774
Low °F 525458636973747574696156
Precip" 2.631.982.692.293.537.106.506.677.634.862.552.36

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
76.4%
Good air days/yr
130
Max AQI recorded
143
PM2.5 days
222
Ozone days

Frequently Asked Questions

What is the cost of living in Melbourne Beach, FL?

Melbourne Beach has a cost index of 167 (100 = national average). It is 67% above the national average.

What is average rent in Melbourne Beach, FL?

The median gross rent in Melbourne Beach is $1,390 per month based on 2023 Census data.

What is the average home price in Melbourne Beach?

The median home value in Melbourne Beach is $634,400 according to Zillow and Census data.

What is the median income in Melbourne Beach?

The median household income in Melbourne Beach is $86,563 per year (2023 ACS 5-year estimates).

What is the sales tax in Melbourne Beach, FL?

The combined state and local sales tax rate in Melbourne Beach is 7.0%. Florida has no state income tax.

Is Melbourne Beach, FL affordable?

Melbourne Beach is above average in cost of living, with an index of 167 — about 67% higher than the national average.

What is the weather like in Melbourne Beach?

Melbourne Beach has average high temperatures of 81.5°F and average lows of 64.6°F. Annual precipitation is 50.8". Data from NOAA 1991–2020 Climate Normals.

Melbourne Beach at a Glance

Population
3,237
Median Income
$86,563
Home Value
$634,400
Median Rent
$1,390/mo
Unemployment
3.6%
Avg High Temp
81.5°F
Sales Tax
7.0%
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