Cost of Living: Melbourne, FL vs Miami, FL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Melbourne, FL versus $4,516/mo in Miami, FL. In the model, rent is about 20.55% of gross in Melbourne, FL versus 24.14% in Miami, FL, so Melbourne, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melbourne, FL and Miami, FL.
At a glance
- Cheaper overall (lower cost-of-living index): Melbourne, FL
- Lower rent (median 1BR/2BR): Melbourne, FL
- Lower home prices: Melbourne, FL
- Higher median household income: Melbourne, FL
Cost of Living Index
Melbourne, FL: 100 (U.S. = 100) · Miami, FL: 118.4 (U.S. = 100)
Melbourne, FL has a lower cost-of-living index than Miami, FL, so a given salary generally stretches further there.
Median Rent
Melbourne, FL: $1,341/mo (midpoint of 1BR/2BR) · Miami, FL: $1,574/mo
Median rent in Miami, FL is $233/mo higher than in Melbourne, FL.
Median Home Price
Melbourne, FL: $272,900 · Miami, FL: $475,200
Median home price in Miami, FL is $202,300 higher than in Melbourne, FL.
Median Household Income
Melbourne, FL: $64,504 · Miami, FL: $59,390
Melbourne, FL has a higher median household income than Miami, FL by $5,114.
Melbourne, FL overview · Miami, FL overview · Popular comparisons