Housing costs in Melbourne?
A typical home costs
$450,400, which is 33.2% more expensive than the national average of
$338,100 and 24.3% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne costs
$1,820 per month, which is 16.7% more than the national average of
$1,560 and 24.2% more than the state average of
$1,380.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 32940), Florida, a minimum annual income of
$86,400 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Melbourne?
The cost of living in 32940 Melbourne, FL is relatively low, with an overall cost of living index that is 10% lower than the national average. Housing costs are especially affordable, at nearly 40% less than the national average. Grocery prices are also lower than the average for the United States. The median household income in the area is approximately $39,000 per year, which makes it easier to afford daily expenses. All in all, 32940 Melbourne, FL is an affordable place to live and work.