Cost of Living in Melbourne, FL
Population: 85,718 • 2026 Data
$64,504
Median Household Income
-17% vs national
$1,411
Median Monthly Rent
+5% vs national
$272,900
Median Home Value
-20% vs national
4.4%
Unemployment Rate
Housing in Melbourne
The median home value in Melbourne, FL is $272,900. Monthly rent for a typical unit averages $1,411, while total monthly housing costs (including utilities and insurance) average $1,282.
Rent-to-income ratio: 26.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Melbourne, FL is $64,504. The unemployment rate stands at 4.4%, with a labor force of 42,351 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.