Melbourne, Florida has an overall cost of living index of 113.7, which is 13.7 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $1,525 per month, while the typical home is valued around $306,400. Households earn a median of $66,991 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$66,991
Median Income / yr
Census ACS
$1,525
Median Rent / mo
Census ACS
$306,400
Median Home Value
Census ACS
113.7
Cost of Living Index
Studio FMR
$1,266
HUD · FY2024
1BR Fair Market Rent
$1,478
HUD · FY2024
2BR Fair Market Rent
$1,709
HUD · FY2024
3BR Fair Market Rent
$2,330
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
113.7
Goods
104.9
Rents / Housing
177.6
Services
135.5
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $175,170 |
| Registered Nurse | $132,600 |
| Elementary Teacher | $92,450 |
| Electrician | $76,110 |
| Accountant | $101,160 |
| Plumber | $70,430 |
| Nurse Practitioner | $205,670 |
| Civil Engineer | $117,750 |
| Operations Manager | $129,580 |
| Market Research Analyst | $90,620 |
| Health Services Manager | $136,930 |
| Truck Driver | $58,480 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $136,130 |
Source: BLS OEWS 2023 (metro-level data)
Population
86,576
Latest estimate
Median Age
42.5 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
8
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,516
Per month
Avg Home Value
$316,925
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 32901 | — | $1,209 | $222,900 |
| ZIP 32903 | — | $1,618 | $454,900 |
| ZIP 32904 | — | $1,619 | $306,400 |
| ZIP 32905 | — | $1,249 | $180,700 |
| ZIP 32934 | — | $1,716 | $362,200 |
| ZIP 32935 | — | $1,309 | $221,700 |
| ZIP 32937 | — | $1,611 | $391,600 |
| ZIP 32940 | — | $1,796 | $395,000 |
January Avg
62°F
July Avg
82°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Subtropical · Source: NOAA/NCEI 30-year normals.
Healthcare Score
31.1
poor
Hospitals
4
Doctors per 1,000
1.00
Insurance Coverage
90.2%
Melbourne has a Regional Price Parity (RPP) index of 113.7. The US national average is 100, so Melbourne is 13.7 points above the national average.
The median gross rent in Melbourne is $1,525 per month according to US Census ACS data.
The median household income in Melbourne is $66,991 per year.
The median home value in Melbourne is $306,400 based on the latest Census ACS survey.
Air quality data for Melbourne is not yet available.
Tax data for Florida is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
