Housing costs in Melbourne Beach?
A typical home costs
$597,600, which is 76.8% more expensive than the national average of
$338,100 and 64.9% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne Beach costs
$1,930 per month, which is 23.7% more than the national average of
$1,560 and 28.5% more than the state average of
$1,380.
Can I afford Melbourne Beach?
To live comfortably in Melbourne Beach (zip 32951), Florida, a minimum annual income of
$114,480 for a family, and
$64,000 for a single person is recommended.
What does A.I. say about Melbourne Beach?
The cost of living in 32951 Melbourne Beach, FL is generally quite high. It is slightly higher than the national average, with the median home value being $397,800 and the median household income being $70,249. Despite this, it remains a desirable location due to its close proximity to beaches and other attractions. Groceries, utilities and healthcare are all more expensive than the national average. However, overall 32951 Melbourne Beach offers affordable housing compared to other Florida locations. It is a great place to live due to its natural beauty and plenty of outdoor activities.