Housing costs in Melbourne?
A typical home costs
$270,900, which is 19.9% less expensive than the national average of
$338,100 and 25.2% less expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne costs
$1,400 per month, which is 10.3% cheaper than the national average of
$1,560 and close to the state average of
$1,380.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 32901), Florida, a minimum annual income of
$51,840 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Melbourne?
The cost of living in 32901 Melbourne, FL is quite affordable compared to other cities in the United States. The median home price in this zip code is $182,000, which is considerably lower than the national average of $240,500. Additionally, the median household income for this area is $46,354. This means that the cost of living here is 4% lower than the national average. Utility costs are also low in this area when compared to other places in Florida and across the country. As a result, many people choose to move to 32901 Melbourne to enjoy a comfortable lifestyle at an affordable cost.