Housing costs in Melbourne Village?
A typical home costs
$409,400, which is 21.1% more expensive than the national average of
$338,100 and 13.0% more expensive than the average Florida home, at
$362,400. Renting a two-bedroom unit in Melbourne Village costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 8.8% more than the state average of
$1,560.
Can I afford Melbourne Village?
To live comfortably in Melbourne Village, Florida, a minimum annual income of
$78,480 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Melbourne Village?
The cost of living in Melbourne Village, FL is favorable compared to the national average. The median home value in the village is $183,100, which is significantly lower than the national median home value of $231,200. Additionally, the cost of groceries and healthcare are 3% and 8% lower than the national average, respectively. Furthermore, utilities such as electricity and water are inexpensive in Melbourne Village due to the abundance of sunshine throughout the year. Finally, transportation costs are relatively low as most residents rely on cars or public transportation to get around town. All in all, living in Melbourne Village is an affordable option for those who want to enjoy a comfortable lifestyle without having to break the bank.