Cocoa, FL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cocoa, FL Summary

Cost of living in Cocoa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cocoa is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Florida, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cocoa is 86, with 100 being the average.

  • The cost of living index in Cocoa is 0.9x lower than the national average.

  • Cocoa ranks as the #30 cheapest in Florida out of 459.

  • Cocoa ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Cocoa is $144,900.

  • The median income in Cocoa is $48,085.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Cocoa's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Cocoa, FL?

According to the most recent data on the cost of living, Cocoa has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to Florida, Cocoa has a cost of living index that's 0.9x lower than Florida's index of 101.

The standard of living in Cocoa ranks as #30 most affordable out of the 459 places we measured in Florida. By definition, that implies Cocoa ranks as the #429 most expensive place in the Sunshine State.

For more reading on life in Cocoa, check out:

30 out of 459
In Florida
938 out of 6,412
In America

Cocoa Cost Of Living Vs. Florida

Six factors go into calculating the cost of living index in Cocoa. Here is how it fairs on each of the criteria:

  • The Services index in Cocoa is 96.

  • The Groceries index in Cocoa is 105.

  • The Health index in Cocoa is 93.

  • The Housing index in Cocoa is 59.

  • The Transportation index in Cocoa is 98.

  • The Utilities index in Cocoa is 101.

Living Expense Cocoa Florida National Average
Overall 86 101 100
Services 96 98 100
Groceries 105 101 100
Health 93 96 100
Housing 59 108 100
Transportation 98 98 100
Utilities 101 100 100
For more reading on cost of living around Florida, check out:
Cocoa Cost of Living Vs. FL

Cocoa, FL Housing Cost Breakdown

Housing swings affordability the most between places in Florida, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cocoa is $144,900.

  • The Median Rent in Cocoa is $942.

  • The Median Income in Cocoa is $48,085.

  • The Home Value To Income in Cocoa is 3.0x.

  • The Rent To Monthly Income in Cocoa is 0.24x.

Statistic Cocoa Florida United States
Median Home Value $144,900 $248,700 $244,900
Median Rent $942 $1,301 $1,163
Median Income $48,085 $61,777 $69,021
Home Value To Income 3.0x 4.0x 3.5x
Rent To Monthly Income 0.24x 0.25x 0.2x
Search Homes For Sale In Cocoa, FL
$144,900
Median Home Value
$942
Median Rent
$48,085
Median Income

Cocoa, FL Costs By Category

Detailed Cocoa Services Costs Vs. Florida

Item Cocoa Florida
Shampoo $1.0 $1.06
Movie $10.55 $10.68
Bowling $14.36 $14.67
Haircut $20.89 $18.62
Beauty Salon $54.17 $39.05

Detailed Cocoa Groceries Costs Vs. Florida

Item Cocoa Florida
Ground Beef $4.46 $4.22
Fried Chicken $1.27 $1.39
Milk $2.39 $2.05
Potatoes $3.42 $3.29
Pizza $9.66 $10.62
Beer $9.23 $9.38
Toothpaste $1.89 $2.34

Detailed Cocoa Health Costs Vs. Florida

Item Cocoa Florida
Optometrist $100.39 $108.57
Doctor $83.46 $116.17
Dentist $97.71 $99.13

Detailed Cocoa Transportation Costs Vs. Florida

Item Cocoa Florida
Gasoline $2.1 $2.22
Tire Balancing $49.25 $50.07

Detailed Cocoa Utilities Costs Vs. Florida

Item Cocoa Florida
All Electricity $164.06 $167.67
Phone $187.87 $175.64

Cocoa SnackAbility

4
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
6
Diversity
9.5
Safety
2
Amenities
8.5
Education
6
Commute
6

Cost Of Living In Cities Around Cocoa

The cost of living varies in the cities and towns around Cocoa. Here's a quick look at the cost of living in the most populous nearby places:

  • Melbourne, FL has a cost of living index of 93, 1.1x Cocoa.

  • Titusville, FL has a cost of living index of 87, 1.0x Cocoa.

  • Merritt Island, FL has a cost of living index of 100, 1.2x Cocoa.

City Population Cost Of Living Vs. Cocoa
Melbourne, FL 83,500 93 1.1x
Titusville, FL 48,158 87 1.0x
Merritt Island, FL 34,013 100 1.2x
Rockledge, FL 27,466 96 1.1x
Port St. John, FL 24,677 87 1.0x
Viera West, FL 14,322 113 1.3x
Viera East, FL 12,020 102 1.2x
Cocoa Beach, FL 11,316 110 1.3x
Satellite Beach, FL 11,093 113 1.3x
Cape Canaveral, FL 9,979 97 1.1x

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