| Index | West Melbourne | Florida | National |
| Cost of living | 114 | 102 | 100 |
| Groceries | 105 | 102 | 100 |
| Health care | 106 | 104 | 100 |
| Housing | 134 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 114 | 110 | 100 |
| Lifestyle & Entertainment | 105 | 104 | 100 |
| Household Items | 105 | 102 | 100 |
| Education & Childcare | 101 | 106 | 100 |
Knowing the cost of living in West Melbourne allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in West Melbourne stands at 114, marking it 14% higher than the national average.
When it comes to the cost of living in West Melbourne, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 34.1% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is West Melbourne affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in West Melbourne, the median home price is 32% higher than the national average and monthly rent prices are 39% higher than the typical rates. Additionally, the median income levels play a role in affordability, with West Melbourne boasting a median household income of $111,917, 37.6% higher than the national average.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In West Melbourne, the housing index is 34.1% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In West Melbourne, healthcare costs are 6.4% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In West Melbourne, the transportation index is 2.5% higher than the national average.
The cost of living data for West Melbourne shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,692 | $9,474 | $2,653 | $3,411 |
| Renters | $103,228 | $8,602 | $2,408 | $3,097 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Micco, FL | 9,300 | 95 | 4.8% |
| Palm Bay, FL | 116,937 | 105 | 5.3% |
| Melbourne, FL | 85,242 | 105 | 5.2% |
| Palm Shores, FL | 1,662 | 110 | 10.1% |
| June Park, FL | 5,056 | 112 | 12.1% |
| West Melbourne, FL | 24,188 | 114 | 14.0% |
| City | Population | Cost of Living Index | National Avg. |
| Wilmington, MA | 24,176 | 155 | 55.2% |
| Barstow, CA | 24,173 | 104 | 4.4% |
| Benbrook, TX | 24,155 | 104 | 3.9% |
| Pelham, AL | 24,223 | 101 | 0.7% |
| South Elgin, IL | 24,226 | 112 | 12.0% |
| West Melbourne, FL | 24,188 | 114 | 14.0% |
Here are the best places to live in Florida
Most Dangerous Cities In The US
Most Dangerous States In The US
Safest Cities In The US