Cost of living in Palm Bay
Palm Bay, located in Florida, is a vibrant city known for its beautiful landscapes and growing community. Understanding the cost of living in Palm Bay is crucial for both current residents and those considering a move to the area.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $12 and $31.5.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $65, with prices ranging from $50 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $8.99 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $8, imported beer $4.95 to $18, cappuccino $2.9 to $10, and Coke/Pepsi $1.89 to $4.
Grocery Prices
- Milk - Milk is priced between $0.8 and $1.32 per liter, averaging $1.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.65 and $5.02, with an average price of $3.17.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $3.99, averaging $3.31.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.84 to $7.25 per kg, while oranges range from $2.2 to $8.14 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.37 and $6.61 per kg, and lettuce costs $1.88 to $4.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs around $1.
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1.03 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $0.62 per km.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1200 to $1250, averaging $1225.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $900 to $1500, averaging $1200.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1800 to $2100, averaging $1966.67.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1900 to $2000, averaging $1966.67.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2508.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2508.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $111.46 and $250, averaging $171.5.
- Internet - Internet services range from $50 to $100, with an average cost of $63.33.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Palm Bay offers a relatively affordable cost of living compared to larger metropolitan areas. Housing costs are moderate, with a variety of options available both in the city centre and outside.
Dining out can range from budget-friendly to more expensive options, depending on the type of restaurant. Grocery prices are reasonable, with some variation in fresh produce costs.
Transportation is affordable, especially for those using public transport or driving, given the competitive gasoline prices.
Conclusion
In conclusion, Palm Bay presents a balanced cost of living that caters to a wide range of lifestyles and budgets. The city offers affordable housing, reasonable dining and grocery prices, and efficient transportation options.
Whether you're planning to move to Palm Bay or are already a resident, understanding these costs can help you manage your finances effectively and enjoy what the city has to offer.