Overall
100.0
+0.0 above avg
2024 BEA RPP All 4 categories Federal source
Palm Bay-Melbourne-Titusville, FL
Cost-of-living indicators for Palm Bay-Melbourne-Titusville, FL, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.
CBSA: 37340 · Data year: 2024 · Rank: #90 of 387
Palm Bay-Melbourne-Titusville, FL has a cost of living index of 100.0, meaning it's 0.0% more expensive than the national average. Goods cost 3.8% less, services 11.9% less, and rents are 11.7% above average. A $100K national salary has the purchasing power of $99,995 here.
What the Numbers Mean for Palm Bay
Palm Bay ranks #90 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 100.0, Palm Bay-Melbourne-Titusville, FL is 0.0% more expensive than the national baseline of 100. The gap between Palm Bay's most and least expensive categories — rents at 111.7 versus services at 88.1 — is what drives the household budget experience on the ground, not the single headline number.
Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $99,995 inside Palm Bay, while a household needs roughly $100,005 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 111.7 — 11.7% above the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.
Looking at the 2008-2024 trajectory, Palm Bay's overall index has stayed within 0.1 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 96.2 and services at 88.1, meaning everyday spending in Palm Bay is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.
Palm Bay Cost Index at a Glance
Palm Bay all-items cost index
Regional Price Parity vs national average (100)
Palm Bay category breakdown
BEA RPP composition by goods, services, rents, overall
Price Index Summary
Goods
96.2
-3.8 below avg
Services
88.1
-11.9 below avg
Rents
111.7
+11.7 above avg
Price Index vs National Average (100)
Overall
National avg
Index 100.0 (+0.0 vs national avg)
Goods
National avg
Index 96.2 (-3.8 vs national avg)
Services
National avg
Index 88.1 (-11.9 vs national avg)
Rents
National avg
Index 111.7 (+11.7 vs national avg)
Vertical line on each bar = national average (100)
Cost Breakdown Analysis
Above National Average
Rents +11.7% (111.7)
Overall +0.0% (100.0)
Below National Average
Services -11.9% (88.1)
Goods -3.8% (96.2)
Income Adequacy in Palm Bay
Palm Bay income adequacy score
$75,000 median income vs RPP 100.0
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$100,005
in Palm Bay-Melbourne-Titusville, FL purchasing power
$50,000 nationally
$50,002
$75,000 nationally
$75,004
$125,000 nationally
$125,006
$150,000 nationally
$150,007
$200,000 nationally
$200,010
Use the salary calculator for custom amounts.
RPP History (2008-2024)
The cost of living has remained relatively stable, changing by only 0.1 points over this period.
| Year | Overall |
|---|---|
| 2008 | 99.9 |
| 2009 | 97.2 |
| 2010 | 98.6 |
| 2011 | 98.6 |
| 2012 | 98.0 |
| 2013 | 97.1 |
| 2014 | 98.9 |
| 2015 | 99.6 |
| 2016 | 98.8 |
| 2017 | 99.4 |
| 2018 | 98.3 |
| 2019 | 96.6 |
| 2020 | 96.8 |
| 2021 | 98.9 |
| 2022 | 99.4 |
| 2023 | 101.3 |
| 2024 | 100.0 |
Metros with Similar Cost of Living
These metros have an overall RPP closest to Palm Bay-Melbourne-Titusville, FL's index of 100.0.
Other FL Metros
Related Data for Palm Bay
Salary Data
BLS occupation wages for Palm Bay area
Fair Market Rents
HUD rent data for Palm Bay metro
Crime Rates
FBI UCR crime data near Palm Bay
School Districts
NCES school data for Palm Bay area
ZIP Code Data
Census demographics for Palm Bay area
Life Score
Quality-of-life composite rating
Relocation Guide
7-dimension relocation intelligence
Cost of Living Guides
Cheapest Metros to Live in 2026
Official BEA data on the most affordable areas
Most Expensive Cities: 2026 Rankings
What drives high costs and how to cope
Salary Negotiation Using RPP Data
Calculate real purchasing power for negotiations
Comparing Metro Areas
Step-by-step BEA RPP comparison walkthrough
Frequently Asked Questions
What is the cost of living in Palm Bay-Melbourne-Titusville, FL? ▼
Palm Bay-Melbourne-Titusville, FL has a Regional Price Parity (RPP) index of 100.0, meaning it is 0.0% more expensive than the national average. Goods are indexed at 96.2, services at 88.1, and rents at 111.7. It ranks #90 out of 387 U.S. metro areas by overall cost.
What salary do I need in Palm Bay-Melbourne-Titusville, FL to match $100K nationally? ▼
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $100,005 in Palm Bay-Melbourne-Titusville, FL. Conversely, $100K earned in Palm Bay-Melbourne-Titusville, FL has the purchasing power of $99,995 at the national average.
How expensive is rent in Palm Bay-Melbourne-Titusville, FL? ▼
Rents in Palm Bay-Melbourne-Titusville, FL are indexed at 111.7, which is 11.7% above the national average. This is significantly higher than typical U.S. rents.
Is Palm Bay-Melbourne-Titusville, FL getting more expensive? ▼
From 2008 to 2024, Palm Bay-Melbourne-Titusville, FL's overall cost index changed by +0.1 points (from 99.9 to 100.0). The cost of living has remained relatively stable.
What costs the most in Palm Bay-Melbourne-Titusville, FL? ▼
The most expensive category in Palm Bay-Melbourne-Titusville, FL is rents at 111.7, which is 11.7% above the national average. The most affordable category is services at 88.1, 11.9% below average.
What metros have a similar cost of living to Palm Bay-Melbourne-Titusville, FL? ▼
Metros with the most similar overall cost index include Allentown-Bethlehem-Easton, Atlanta-Sandy Springs-Roswell, Kennewick-Richland. These areas have RPP values within a few points of Palm Bay-Melbourne-Titusville, FL's 100.0.
Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
All federal data sources used on this page
- BEA Regional Price Parities (RPP) — cost-of-living indices by metro and state. bea.gov/data/regional-price-parities
- BLS Consumer Price Index (CPI) — inflation context by metro. bls.gov/cpi
- HUD Fair Market Rents (FMR) — housing-cost component. huduser.gov/datasets/fmr
- BLS Occupational Employment and Wage Statistics (OEWS) — wage component. bls.gov/oes
- U.S. Census Bureau ACS — household income + demographics. census.gov/programs-surveys/acs
- IRS Statistics of Income (SOI) — tax-burden context. irs.gov/statistics
