Small City โ€ข 84,678 people

Melbourne, FL

Discover how far your salary goes in Melbourne. Compare taxes, rent, and living costs.

Cost Index
132
๐Ÿ“ˆ Above Average
Population

84,678

State Tax

None! ๐ŸŽ‰

1BR Rent

$1,610

/month

vs National

+15%

above avg

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Rent Prices in Melbourne

๐Ÿ 

Studio

$1,288

/month

$15,456/year

Most Common
๐Ÿ›๏ธ

1 Bedroom

$1,610

/month

$19,320/year

๐Ÿก

2 Bedroom

$2,174

/month

$26,088/year

๐Ÿ˜๏ธ

3 Bedroom

$2,818

/month

$33,816/year

Taxes in Florida

State Income Tax

Florida

0%
๐ŸŽ‰

No State Income Tax!

Florida doesn't tax wagesโ€”keep more of every paycheck.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Melbourne, FL?โ–ผ

Melbourne has a cost of living index of 132, which is 32% above the national average. A 1-bedroom apartment costs around $1,610/month.

What is the state income tax in Florida?โ–ผ

Florida has no state income tax! This can save you thousands of dollars per year compared to states with income tax.

How much is rent in Melbourne?โ–ผ

The median rent for a 1-bedroom apartment in Melbourne is $1,610/month. For a 2-bedroom, expect to pay around $2,174/month. This is 15% above the national average.

Is Melbourne a good place to live?โ–ผ

Melbourne is a small city with a population of 84,678. The cost of living is above average, making it more expensive than average for the US. A major advantage is zero state income tax.

See the complete picture for Melbourne

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