Cost of Living in Merritt Island, FL
Population: 34,718 • 2026 Data
$91,020
Median Household Income
+18% vs national
$1,348
Median Monthly Rent
+0% vs national
$379,700
Median Home Value
+12% vs national
4.2%
Unemployment Rate
Housing in Merritt Island
The median home value in Merritt Island, FL is $379,700. Monthly rent for a typical unit averages $1,348, while total monthly housing costs (including utilities and insurance) average $1,295.
Rent-to-income ratio: 17.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Merritt Island, FL is $91,020. The unemployment rate stands at 4.2%, with a labor force of 16,202 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.