The cost of living index in West Melbourne, FL, shows a slightly lower cost of living compared to the nationwide average. The overall index stands at 93, which is 7% below the national average of 100. This suggests that residents in West Melbourne can expect to spend less on various living expenses, making it a potentially attractive option for those looking to manage their budget effectively.
The cost of living index in West Melbourne, FL, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in West Melbourne stand at 90, indicating a 10% lower cost compared to the national average. This means that residents can expect to pay less for housing, making it a potentially attractive option for those looking to save on living expenses.
Other areas also reflect a similar trend. Groceries cost 95, which is 5% below the national average. Utilities are slightly higher, at 97, showing only a 3% increase. Transportation costs are at 92, which is 8% lower than the average. Healthcare costs are slightly above average at 98, indicating a minor 2% increase. Miscellaneous costs are at 93, which is 7% below the average. Overall, West Melbourne offers a cost of living that is close to the national average, with some areas providing savings for residents.
