Cost of Living: Melbourne, FL vs New York, NY
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 $4,116/mo in New York, NY. In the model, rent is about 20.55% of gross in Melbourne, FL versus 25.92% in New York, NY, so Melbourne, FL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melbourne, FL and New York, NY.
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: New York, NY
Cost of Living Index
Melbourne, FL: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Melbourne, FL has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Melbourne, FL: $1,341/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $349/mo higher than in Melbourne, FL.
Median Home Price
Melbourne, FL: $272,900 · New York, NY: $751,700
Median home price in New York, NY is $478,800 higher than in Melbourne, FL.
Median Household Income
Melbourne, FL: $64,504 · New York, NY: $79,713
New York, NY has a higher median household income than Melbourne, FL by $15,209.
Melbourne, FL overview · New York, NY overview · Popular comparisons