Overall
100.0
+0.0 above avg
Metro cost profile · 2024 BEA RPP
Palm Bay-Melbourne-Titusville, FL
Cost-of-living indicators for Palm Bay-Melbourne-Titusville, FL, from Bureau of Economic Analysis Regional Price Parities, overall, goods, services, and rents vs the U.S. average of 100.
- 100.0
- Overall RPP
- #90
- of 387 metros
- 111.7
- Rents RPP
- $100K
- $100K national buys
Palm Bay ranks #90 of 387 U.S. metros by cost, and its overall price index has held steady since 2008.
- stable since 2008
- similar cost to Allentown-Bethlehem-Easton
The verdict
Palm Bay is more expensive than 77% of U.S. metros, an overall cost index of 100.0, 0.0% above the national average, led by services at 88.1.
- top 23%
- by overall cost, nationwide
- 96.2
- goods RPP, tradable items
- 88.1
- services RPP, labor-priced
- $76K
- local median income, national buying power
A $100,000 national salary carries the purchasing power of about $99,995 here; matching a $100K lifestyle takes roughly $100,005.
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 vs every U.S. metro
Where this metro sits in the national cost distribution
100 Top 23% higher than 77% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis, Regional Price Parities · 2024
Palm Bay cost breakdown
BEA RPP by category, 100 = national average
- Rents
Rents
111.7 RPP
- Services
Services
88.1 RPP
- Overall
Overall
100 RPP
- Goods
Goods
96.2 RPP
What this shows Palm Bay's gap from the national average is led by services at 88.1. Goods barely move between metros; the spread you feel is housing and services.
Goods vs. housing, where Palm Bay's cost comes from
Metros near Palm Bay's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Crosshairs sit at the group median (goods 100.4, rents 111). Palm Bay is skewed toward housing costs relative to its peer group. Source: U.S. Bureau of Economic Analysis, Regional Price Parities, 2024.
Price Index Summary
Goods
96.2
-3.8 below avg
Services
88.1
-11.9 below avg
Rents
111.7
+11.7 above avg
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. The largest single-year move was in 2009, when the index dropped 2.8 points from the year before, a bigger swing than the full 2008-2024 change.
Palm Bay overall RPP, 2008-2024
Every year on record, national average = 100
| 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
What this means for Palm Bay
How to read Palm Bay's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay, a $100K national salary spends like about $99,995 in Palm Bay. Salary calculator
- Weigh housing heaviest: rents here index at 111.7 (11.7% above average) - the single largest swing in the RPP, while goods barely move between metros.
- Local median household income is $75,817; adjusted for Palm Bay's price level that is about $75,813 in national-average buying power.
- Compare Palm Bay head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown, not a live market quote. Pair it with current local wages and housing costs before deciding.
Compare to Other Metros
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 priciest category in Palm Bay-Melbourne-Titusville, FL is rents at 111.7, 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 public 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.
Federal data behind these figures
- BEA Regional Price Parities (RPP) - the cost-of-living indices shown on this page. bea.gov/data/regional-price-parities
- U.S. Census Bureau, American Community Survey (ACS) - the gross-rent observations BEA uses to build the rents component. census.gov/programs-surveys/acs
- BLS Consumer Price Index (CPI) - the price program underlying BEA's goods and services price relatives. bls.gov/cpi
- BLS Occupational Employment and Wage Statistics (OEWS) - wage reference for the labor-driven services component. bls.gov/oes
- HUD Fair Market Rents (FMR) - federal 40th-percentile rent cross-reference for the housing component. huduser.gov/datasets/fmr
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. This page draws directly on BEA Regional Price Parity source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-05-15. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.