CostIndexUSA

Mount Vernon, WA vs Palm Bay, FL Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

WA
Mount Vernon
102.4
overall index
$2,125/mo rent
More AffordableFL
Palm Bay
100
overall index
$1,875/mo rent

Palm Bay is slightly cheaper than Mount Vernon — 2.3% lower overall cost of living.

To match an $80,000 salary in Mount Vernon, you would need $78,100 in Palm Bay. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+3.2%
Mount Vernon
108.2
Palm Bay
111.7
🛒 Groceries8.4%
Mount Vernon
105
Palm Bay
96.2
🚗 Transportation0.6%
Mount Vernon
104.4
Palm Bay
103.8
🏥 Healthcare0.6%
Mount Vernon
94.5
Palm Bay
93.9
Utilities8.2%
Mount Vernon
96
Palm Bay
88.1

Salary Equivalency Calculator

Enter your current salary in Mount Vernon to see what you'd need to earn in Palm Bay to maintain the same purchasing power.

$
Equivalent salary in Palm Bay, FL
$78,100
$1,900 less needed in Palm Bay

Formula: salary × (100 ÷ 102.4) = salary × 0.9766. Based on BEA Regional Price Parities.

Housing Market

Mount Vernon, WA

Median Home Price
$567,000
Median Monthly Rent
$2,125
Housing Index
108.2
Price-to-Rent Ratio
22.2×

Palm Bay, FL

Median Home Price
$336,000
Median Monthly Rent
$1,875
Housing Index
111.7
Price-to-Rent Ratio
14.9×

Palm Bay has 3.2% higher housing costs compared to Mount Vernon.

Income & Job Market

Mount Vernon, WA

Median Household Income
$91,200
Per Capita Income
$52,000
Unemployment Rate
4.4%
Population
36,727
Top Industries
AgricultureHealthcareManufacturingRetailTourism

Palm Bay, FL

Median Household Income
$78,600
Per Capita Income
$44,800
Unemployment Rate
5.1%
Population
119,760
Top Industries
AerospaceHealthcareTechnologyManufacturingRetail

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Mount Vernon, WA
3.6×income-to-rent ratio

72% of income left after rent (median)

Palm Bay, FL
3.5×income-to-rent ratio

71% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.