Cost of Living Breakdown
Housing & Income in Melbourne
About Living in Melbourne
Melbourne anchors Florida's Space Coast tech economy, offering affordable living, Atlantic beaches, and a growing aerospace and defense industry.
With a cost of living index of 93, Melbourne is 7% below the US average and 12 points below the Florida average of 105. The median household income of $56,000 supports a home-price-to-income ratio of 5.6x — above the recommended 4–5x threshold.
FAQ
Common questions about cost of living in Melbourne
What is the cost of living in Melbourne, FL?
Melbourne's overall cost of living index is 93 compared to the US average of 100. Housing (93) is the main driver, with groceries at 98, healthcare at 96, transportation at 100, and utilities at 98.
Is Melbourne affordable to live in?
Yes — Melbourne is considered affordable by Florida standards, with a COL index of 93. Median rent is $1,650/mo and the median home price is $315,000.
How does Melbourne compare to the Florida average?
Melbourne's COL index of 93 is 12 points below the Florida average of 105. It's one of Florida's more budget-friendly options.