Palm Bay, FL
Discover how far your salary goes in Palm Bay. Compare taxes, rent, and living costs.
119,760
None! 🎉
$1,691
/month
+21%
above avg
How far would your salary go in Palm Bay?
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Rent Prices in Palm Bay
Studio
$1,353
/month
$16,236/year
1 Bedroom
$1,691
/month
$20,292/year
2 Bedroom
$2,283
/month
$27,396/year
3 Bedroom
$2,959
/month
$35,508/year
Taxes in Florida
State Income Tax
Florida
No State Income Tax!
Florida doesn't tax wages—keep more of every paycheck.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Palm Bay, FL?▼
Palm Bay has a cost of living index of 134, which is 34% above the national average. A 1-bedroom apartment costs around $1,691/month.
What is the state income tax in Florida?▼
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 Palm Bay?▼
The median rent for a 1-bedroom apartment in Palm Bay is $1,691/month. For a 2-bedroom, expect to pay around $2,283/month. This is 21% above the national average.
Is Palm Bay a good place to live?▼
Palm Bay is a mid-size city with a population of 119,760. The cost of living is above average, making it more expensive than average for the US. A major advantage is zero state income tax.
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