What Salary Do You Need to Live Comfortably in Palm Bay, FL in 2024?
Overall, on average, a gross annual salary of $55,533 is required for an average quality of life in Palm Bay, FL.
Is the Cost of Living High in Palm Bay, FL?
Palm Bay, FL is ranked 108th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Palm Bay, FL's average monthly rent is 32% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Palm Bay, FL in 2024?
A gross annual salary of $50,000 in Palm Bay, FL will yield an average annual net salary of $45,882. Considering that the total average annual cost of living in Palm Bay, FL is $43,198, a gross annual salary of $50,000 will be sufficient to cover average living costs.
How Much Should You Pay for Rent in Palm Bay, FL?
The average monthly rent in Palm Bay, FL in the city center is $1,208 for a 1 bedroom apartment, $1,503 for a 2 bedroom apartment and $1,907 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,104 for a 1 bedroom apartment, $1,408 for a 2 bedroom apartment and $1,700 for a 3 bedroom apartment.
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