Melbourne Florida Cost Of Living 2023

MELBOURNE, Fla. - March 7, 2023 - PRLog -- Per Steve Neville, Broker owner of Best Brevard Rentals

In order to understand the cost of living in Melbourne, we'll break it down into five categories: housing, transportation, food, utilities, and healthcare.

Housing

Housing is the biggest expense for most people, and Melbourne is no exception. The average home price in Melbourne is around $300,000, which is slightly higher than the national average. However, rental prices in Melbourne are relatively affordable, with the average rent for a one-bedroom apartment being around $1,100 per month. For those looking to buy a home in Melbourne, it is important to consider property taxes, which average around 1.1% of the home's value.

Transportation

Melbourne is a relatively small city, so transportation costs are not overly high. The average cost of gas in Melbourne is around $2.90 per gallon, which is slightly lower than the national average. Public transportation is also available in the form of the Space Coast Area Transit, which offers bus services throughout Brevard County. The cost of a one-way ticket is $1.50, and a monthly pass costs $45.

Food

The cost of food in Melbourne is comparable to other cities in the United States. A gallon of milk costs around $5.00, a loaf of bread costs around $3.00, and a dozen eggs cost around $5.00. Eating out can be more expensive, with the average meal at a mid-range restaurant costing around $15 to $20 per person.

Utilities

The cost of utilities in Melbourne is relatively affordable. The average monthly cost for electricity, heating, and water is around $250 per month, which is lower than the national average. However, it is important to note that the cost of air conditioning can be higher due to the warm weather in Melbourne.

Healthcare

Healthcare costs in Melbourne are slightly higher than the national average. The average cost of a doctor's visit is around $110, and the average cost of a dentist's visit is around $150. Health insurance premiums in Melbourne are also higher than the national average, with the average monthly premium for an individual being around $500.

Overall, the cost of living in Melbourne, Florida in 2023 is comparable to other cities in the United States. Housing costs are slightly higher than the national average, but rental prices are relatively affordable. Transportation costs are relatively low, while healthcare and entertainment costs can be higher. However, with its warm weather, beautiful beaches, and thriving cultural scene, Melbourne offers a high quality of life that many find worth the cost.

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