Ormond Beach, FL vs Palm Bay, FL

Ormond Beach, FL and Palm Bay, FL have a very similar cost of living, with only a 0.5% difference in their overall index. Ormond Beach scores 101 while Palm Bay scores 101 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ormond Beach is $1,332/month compared to $1,487/month in Palm Bay — a 10% difference. Interestingly, home values tell a different story: while Ormond Beach has cheaper rent, Palm Bay actually has lower median home values ($248,000 vs $320,300).

Median household income in Ormond Beach is $67,482 compared to $67,521 in Palm Bay (-0.1%). Palm Bay offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ormond Beach spend roughly 23.7% of their income on rent, less than the 26.4% in Palm Bay.

Climate-wise, both cities share similar average temperatures (71.5°F vs 73.1°F). Ormond Beach receives more rainfall at 51.3" per year compared to 50.8" in Palm Bay.