Melbourne Florida Cost of Living

The Melbourne Florida cost of living is one of the most affordable in the Sunshine State. Here, residents enjoy relatively low property taxes. And, there's no state income tax, which makes it even more affordable.
By: AAmerican Property Management
MELBOURNE, Fla. - Oct. 12, 2020 - PRLog -- Per Steve Neville, Broker owner of Best Brevard Rentals. Located on the east coast of central Florida, Melbourne is perhaps best known for its arts and culture, along with its many tasty eateries. On the east, it runs along the Indian River Lagoon, with a small area on a barrier island that separates the mainland from the Atlantic Ocean. It's a fairly small community, with approximately 83,000 residents.

First settled in 1867, it was later officially incorporated in December of 1888, about twenty one years later. Today, it's home to such destinations as the Eau Gallie Arts District, the Foosaner Art Museum, the Rossetter House Museum & Gardens, along with the Howard E. Futch Memorial Park at Paradise Beach and nearby Brevard Zoo.

Now, let's get to the cost of living in Melbourne, Florida. To demonstrate costs, we'll use a score of 100 as a national baseline average. That means, anything over 100 is more expensive, while anything under is less expensive. Here's a quick look over the Melbourne cost of living:

• 1. Transportation. To get around the community of Melbourne, the cost is very affordable, with a score of just over 95. That is more affordable than the national average and it's much cheaper than the statewide score of 130.
• 2. Food. Buying groceries in Melbourne is also less expensive than the national and state scores, coming in at just under 97. Considering the fact that food is a huge part of people's budgets, that is some good news.
• 3. Healthcare. Speaking of good news, here's some more -- the cost of healthcare in Melbourne Florida is also just under 97, which is less expensive than both the statewide average and the national figure.
• 4. Housing. Here's the one expense that makes too many locations unaffordable. But, in Melbourne Florida, it's quite affordable, with a score of just a tad over 97. That's better than the national average of 100 and well below the statewide average of about 119.
• 5. Utilities. Here again, Melbourne is less expensive than the national average and the statewide average, with a score of a bit over 97. Meanwhile, miscellaneous expenses score a tad under 99 in Melbourne.

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Steve Neville
Tags:Best Brevard Rentals
Industry:Real Estate
Location:Melbourne - Florida - United States
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